Asahi Kagaku Kogyo Co., Ltd. (JASDAQ:7928) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 12.33% of its issued share capital, at a price of ¥394 per share for a total of ¥177.3 million. Repurchases will be made through Tokyo Stock Exchange's off-hours treasury share trading (ToSTNeT-3).

The purpose of the repurchase program is to implement a mobile capital policy in response to changes in the business environment.