The Chikuho Bank, Ltd. (FKSE:8398) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 0.72% of its outstanding shares excluding treasury shares for ¥150 million. The purpose of the program is to accomplish the execution of the stock option as stock-based compensation for directors, except outside directors, and a flexible capital policy in response to the changes in the business environment.

The shares will be repurchased in accordance with article 156, section 3 of the Companies Act. The program will be valid till August 31, 2015. As of February 16, 2015, the company had 62,131,872 outstanding shares excluding treasury shares and 358,328 shares in treasury.