Bank of Innovation,Inc. (TSE:4393) announces a share repurchase program. Under the program, the company will repurchase 140,000 shares, representing 3.5% of its share capital, for ¥500 million. The company will repurchase its shares in order to increase shareholder value per share over the medium-to-long term.

The program will run until February 29, 2024. As of September 30, 2023, the company had 4,002,940 shares outstanding (excluding treasury shares) and 60 shares in treasury.