Area Quest Inc. (TSE:8912) announces a share repurchase program. Under the program, the company will repurchase up to 520,000 shares, representing 3.03% of its share capital, for ¥98.8 million. The company will repurchase its shares in order to strengthen shareholder return by improving capital efficiency and to enable a flexible capital policy that can respond to changes in the business environment.

The share repurchase program will run until June 30, 2024. As of April 15, 2024, the company had 17,145,800 shares outstanding (excluding treasury shares) and 0 shares in treasury.