Akasaka Diesels Limited (TSE:6022) announces a share repurchase program. Under the program, the company will repurchase 180,000 shares, representing 11.96% of the outstanding shares, at ¥2,000 per share for ¥360 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, and to improve capital efficiency and shareholder returns. As of December 31, 2019, the company had 1,504,698 shares outstanding and 35,302 shares in treasury.