Asanuma Corporation (TSE:1852) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.31% of its share capital, for ¥160 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency.

The share repurchase program will run until September 30, 2023. As of March 31, 2023, the company had 16,126,076 issued shares (excluding treasury shares) and 31,182 shares in treasury.