Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 1.08% of its total shares outstanding excluding treasury shares, for a total of ¥150 million. The purpose of the repurchase program is to improve shareholder returns and enable the implementation of a flexible capital policy corresponding to changes in the business environment.

The share repurchase program is valid until July 31, 2023. As of April 30, 2023, the company had 16,621,743 shares outstanding excluding treasury shares and had 842,257 shares in treasury.