Asahipen Corporation (TSE:4623) announces a share repurchase program. Under the program, the company will repurchase up to 38,000 shares, representing 1.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥70.79 million. The shares will be repurchased at a price of ¥1,863 per share.

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 February 22, 2023. As of February 21, 2023, the company has 3,658,350 issued shares (excluding treasury stock) and 964,650 treasury shares.