Area Quest Inc. (TSE:8912) announces a share repurchase program. Under the program, the company will repurchase up to 607,500 shares, representing 3.09% of its share capital, for ¥66.83 million. The company will repurchase its shares in order to strengthen the return of shareholders' profits by improving capital efficiency and to enable agile capital policy in response to changes in the business environment.

The share repurchase program will run until January 31, 2023. As of July 25, 2022, the company had 19,642,500 shares outstanding (excluding treasury shares) and 607,500 shares in treasury.