Daiwa Securities Group Inc. (TSE:8601) announces a share repurchase program. Under the program, the company will repurchase 33,000,000 shares, representing 2.22% of the outstanding shares for ¥25,000 million. The purpose of the program is to enhance shareholder returns by improving the capital efficiency.
The program will run until March 24, 2023. As of March 31, 2022, the company had 1,483,302,787 shares outstanding and 216,075,985 shares in treasury.