Tobu Railway Co., Ltd. (TSE:9001) announces a share repurchase program. Under the program, the company will repurchase 1,920,000 shares, representing 0.92% of its share capital, for ¥6,000 million. The shares will be repurchased at a price of ¥3,075 per share.

The company will repurchase its shares in order to to enable flexible execution of capital policy in response to changes in the business environment. As of January 31, 2023, the company had 208,742,259 shares outstanding (excluding treasury shares) and 1,073,162 shares in treasury.