Tomoe Corporation (TSE:1921) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.49% of its outstanding shares excluding treasury shares for ¥100 million. The purpose of the program is to attempt the improvement of capital efficiency in response to the changes in the business environment and the enhancement of profit returns for the shareholders.

The shares will be repurchased in accordance with article 156, section 3 of the Companies Act. The program will be valid until July 31, 2015. As of March 31, 2015, the company had 40,763,046 outstanding shares excluding treasury shares and 64,786 shares in treasury.