Asakuma Co.,Ltd (TSE:7678) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.38% of its issued share capital (excluding treasury stock), for a total purchase price of ¥30.6 million. The shares will be repurchased at a price of ¥1,530 per share.

The purpose of the program is to increase the corporate value and implement agile capital policies in response to changes in the business environment. As of March 31, 2022, the company had 5,326,521 issued shares (excluding treasury stock) and 50,549 treasury shares.