Toyota Boshoku Corporation (TSE:3116) announces a share repurchase program. Under the program, the company will repurchase up to 8,500,000 shares, representing 4.53% of its issued share capital, for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will be valid till February 29, 2024. As of September 30, 2023, the company has 187,665,738 issued shares (excluding treasury stock) and 765,282 treasury shares.