Area Quest Inc. (TSE:8912) announces a share repurchase program. Under the program, the company will repurchase up to 607,500 shares, representing 3% of its share capital, for ¥63.79 million. The company will repurchase its shares in order to strengthen the return of shareholders' profits by improving capital efficiency and to enable agile capital policies that respond to changes in the business environment.

The share repurchase program will run until September 30, 2022. As of February 28, 2022, the company had 20,250,000 shares outstanding (excluding treasury shares) and no shares in treasury.