Aucnet Inc. (TSE:3964) announces a share repurchase program. Under the program, the company will repurchase up to 2,824,500 shares, representing 10.76% of its issued share capital for ¥3,897.81 million. The purpose of the program is to flexibly return profits to the shareholders.

The program will be funded from the company's own funds. The program is valid till June 30, 2023. As of May 9, 2023, the company has 26,255,784 shares issued (excluding treasury stock) and has 207,416 shares in treasury.