Area Quest Inc. (TSE:8912) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.61% of its share capital, for ¥102 million. The company will repurchase its shares in order to strengthen shareholder return by improving capital efficiency and to enable a flexible capital policy that can respond to changes in the business environment.

The share repurchase program will run until September 30, 2024. As of July 12, 2024, the company had 16,625,800 shares outstanding (excluding treasury shares) and 520,000 shares in treasury.