ALiNK Internet, Inc. (TSE:7077) announces a share repurchase program. Under the program, the company will repurchase up to 342,000 shares, representing 16% of its issued share capital (excluding treasury stock), for a total purchase price of ¥338.24 million. The shares will be repurchased at a price of ¥989 per share.

The purpose of the program is to improve capital efficiency. The company will use its own funds to repurchase shares. As of August 31, 2022, the company has 2,136,832 issued shares (excluding treasury stock) and 68 treasury shares.