Asahi Kagaku Kogyo Co., Ltd. (JASDAQ:7928) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 3.10% of its issued share capital, for ¥80 million. The shares will be repurchased at a price of ¥710 per share.

The purpose of the repurchase program is to implement mobile capital policies in response to changes in the business environment. The plan is valid till July 14, 2022. As of July 13, 2022, the company had 3,227,772 shares in issue and 668,228 treasury shares.