Kyushu Financial Group, Inc. announces an Equity Buyback for 8,000,000 shares, representing 1.82% for ¥3,000 million.
August 27, 2021 at 02:00 am EDT
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Kyushu Financial Group, Inc. (TSE:7180) announces a share repurchase program. Under the program, the company will repurchase 8,000,000 shares, representing 1.82% of its share capital, for ¥3,000 million. The company will repurchase its shares in order to return profits to all shareholders by improving capital efficiency, through the implementation of a flexible capital policy. The program will run until March 24, 2022. As of March 31, 2021, the company had 439,911,278 shares outstanding (excluding treasury shares) and 23,464,700 shares in treasury.
Kyushu Financial Group Inc is a Japan-based company mainly engaged in the provision of financial services such as banking business, leasing business, credit card business, credit guarantee business and financial product transaction business. The Company operates in two business segments. The Banking segment is engaged in the deposit business, lending business, foreign exchange business, securities business, among others. The Leasing segment is engaged in leasing and lending business. The others include credit card business, outsourcing of calculation and software development business, credit guarantee business, and financial product transaction business.
KYUSHU FINANCIAL GROUP,INC. 
