TOLI Corporation (TSE:7971) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 0.81% of the outstanding shares, at ¥298 per share for ¥149 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of October 31, 2019, the company had 61,687,862 shares outstanding and 5,141,387 shares in treasury.