Asahipen Corporation (TSE:4623) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥108 million. The shares will be repurchased at a price of ¥1,800 per share.

The purpose of the program is return profits to return profits to shareholders, improve capital efficiency, and implement future flexible capital policies in response to changes in the business environment. The program will continue through August 14, 2023. The company has 3,623,729 issued shares (excluding treasury stock) and 999,271 treasury shares.