Asahi Diamond Industrial Co., Ltd. (TSE:6140) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.73% of the outstanding shares, for ¥2,200 million. The purpose of the program is to increase corporate value by improving capital efficiency.

The program will run until July 31, 2023. As of April 30, 2023, the company had 53,554,791 shares outstanding (excluding treasury stock) and 333,809 shares in treasury.