Ahresty Corporation (TSE:5852) announces a share repurchase program. Under the program, the company will repurchase 900,000 shares, representing 3.47% of its issued share capital, for ¥500 million. The purpose of the program is achieving both a sound financial position and shareholder returns.

Repurchases will be funded using a portion of the gain on the transfer of fixed assets related to the Higashimatsuyama Plant. The program will run until December 31, 2023. As of March 31, 2023, the company had 25,926,895 shares outstanding and 149,822 shares in treasury.