The Chukyo Bank, Limited (TSE:8530) announces a share repurchase program. Under the program, the company will repurchase 8,534,385 shares, representing 39.19% of its issued share capital, for ¥10,198.59 million. The shares will be repurchased at a price of ¥1,195 per share from Bank of Tokyo-Mitsubishi UFJ.

The program will be funded from the company's own funds. The purpose of the program is to return profits to shareholders. If the total number of tendered share certificates exceeds the planned number of purchases, the purchase will be made in proportion to the amount.

The program is valid till August 1, 2022. As of June 30, 2022, the company had 21,774,908 shares (excluding treasury stock) and 5,150 shares in treasury.