The Shizuoka Bank, Ltd. (TSE:8355) announces a share repurchase program. Under the program, the company will repurchase 10,000,000 shares, representing 1.77% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to improve corporate value by improving capital efficiency.

The program will run until May 31, 2023. As of December 31, 2022, the company had 564,284,777 shares outstanding (excluding treasury shares) and 30,844,292 shares in treasury.