Asahi Printing Co.,Ltd. (TSE:3951) announces a share repurchase program. Under the program, the company will repurchase up to 470,000 shares, representing 2.17% of its total shares outstanding excluding treasury shares, for a total of ¥400 million. The purpose of repurchase program is to implement flexible capital policies, improve capital efficiency and enhance shareholder returns.

The repurchase program is valid till May 31, 2024. As of September 30, 2023, the company had 21,652,847 shares outstanding excluding treasury shares and had 1,632,082 shares in treasury.