The Aichi Bank, Ltd. announces an Equity Buyback for 100,000 shares, representing 0.92% for ¥350 million.
May 14, 2019 at 03:20 am EDT
The Aichi Bank, Ltd. (TSE:8527) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.92% of its share capital, for ¥350 million. The company will repurchase its shares in order to improve capital efficiency by returning profits to all shareholders. The share repurchase program will run until August 15, 2019. As of March 31, 2019, the company had 10,847,370 shares outstanding (excluding treasury shares) and 95,870 shares in treasury.