The Board of Directors of The Miyazaki Bank, Ltd. (TSE:8393) authorized a share repurchase program on May 10, 2013. Under the program, the company will repurchase up to 5,300,000 shares, representing 3.01% of outstanding shares for ¥1.7 billion. Repurchases will be made pursuant to the provisions of the articles of incorporation under the provisions of Article 165, paragraph 2 of the Companies Act. The company will make repurchases from May 13, 2013 to October 31, 2013. As of March 31, 2013, the company has 176,122,478 outstanding shares and holds 211,522 shares under treasury.

The Miyazaki Bank, Ltd. completed its share repurchase program on July 11, 2013. Under the program, the company has repurchased 5,300,000 shares, representing 3.01% for ¥1.62 billion.