Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 0.54% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of the repurchase program is to improve shareholder returns and enable the implementation of a flexible capital policy corresponding to changes in the business environment.

The share repurchase program is valid until April 28, 2016. As of December 31, 2015, the company had 16,790,659 shares outstanding excluding treasury shares and had 673,341 shares in treasury.