Asahipen Corporation (TSE:4623) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 3.35% of its issued share capital (excluding treasury stock), for ¥240 million. The purpose of the program is return profits to return profits to shareholders, improve capital efficiency, and implement future flexible capital policies in response to changes in the business environment.

The program will continue through March 31, 2024. The company has 3,584,525 issued shares (excluding treasury stock) and 1,038,475 treasury shares.