The Chiba Bank, Ltd. (TSE:8331) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 1.66% of its total shares outstanding excluding treasury shares, for a total of ¥10,000 million. The purpose of repurchase program is to enhance the return of profits to shareholders by improving capital efficiency.

The repurchase program is valid till January 31, 2024. As of September 30, 2023, the company had 724,806,605 shares outstanding excluding treasury shares and had 90,714,482 shares in treasury.