Toin Corporation (JASDAQ:7923) announces a share repurchase program. Under the plan, the company will repurchase up to 300,000 shares, representing 5.49% of outstanding shares, excluding treasury shares at ¥443 per share for a total of ¥132.9 million. The shares will be repurchased through off-auction own share repurchase method. The company will repurchase its shares in order to enable the implementation of a flexible and agile capital policy which responds to changes in the business environment, along with aiming for the further improvement of capital efficiency and shareholder returns. As of November 7, 2016, the company had 5,469,248 shares outstanding excluding treasury shares, and 908,252 shares in treasury.