Area Quest Inc. (TSE:8912) announces a share repurchase program. Under the program, the company will repurchase up to 607,500 shares, representing 3.37% of its share capital, for ¥72.9 million. The company will repurchase its shares in order to enhance shareholder returns through improved capital efficiency and enable a flexible capital policy that responds to changes in the business environment.

The share repurchase program will run until February 29, 2024. As of September 5, 2023, the company had 18,022,500 shares outstanding (excluding treasury shares) and 2,227,500 shares in treasury.