Asahipen Corporation (TSE:4623) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 3.18% of its issued share capital (excluding treasury stock), for a total purchase price of ¥240 million. The purpose of the program is return profits to shareholders, improve capital efficiency, and implement a flexible capital policy in the future in response to changes in the business environment.

The program will continue through January 31, 2023. As of September 30, 2022, the company had 3,773,857 issued shares (excluding treasury stock) and 849,143 treasury shares.