Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 2.07% of its total shares outstanding excluding treasury shares, for a total of ¥200.26 million. The shares will be repurchased at a price of ¥589 per share.

The purpose of the repurchase program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The share repurchase program is valid until June 24, 2024. As of April 30, 2024, the company had 16,456,943 shares outstanding excluding treasury shares and had 1,007,057 shares in treasury.