Asahi Diamond Industrial Co., Ltd. (TSE:6140) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.6% of the outstanding shares, for ¥1,400 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy corresponding to changes in the business environment.

The program will run until September 30, 2022. As of July 31, 2022, the company had 55,538,305 shares outstanding and 161,695 shares in treasury.