Asaka Riken Co., Ltd. (JASDAQ:5724) announces a share repurchase program. Under the program, the company will repurchase 75,000 shares, representing 1.48% of the outstanding shares for ¥127.50 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment.

The program will run until December 16, 2022. As of September 30, 2022, the company had 5,074,850 shares outstanding and 69,750 shares in treasury.