The Gunma Bank, Ltd. (TSE:8334) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to improve shareholder returns by implementing a flexible capital policy and improving capital efficiency, taking into consideration current business performance, stock price levels, etc.

The program will continue through June 14, 2024. As of March 31, 2024, the company had 392,488,674 issued shares (excluding treasury stock) and 33,399,503 treasury shares.