ASTMAX Co., Ltd. (TSE:7162) announces a share repurchase program. Under the program, the company will repurchase up to 597,600 shares, representing 4.61% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The shares will be repurchased at a price of ¥251 per share.

The purpose of repurchase program is to improve capital efficiency, implement flexible capital policies in response to changes in the business environment, and provide further support to shareholders. As of December 31, 2023, the company had 12,950,259 issued shares (excluding treasury stock) and 210,041 treasury shares.