The Fukui Bank, Ltd. announces an Equity Buyback for 500,000 shares, representing 2.07% for ¥725.5 million.
June 11, 2021 at 03:00 am EDT
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The Fukui Bank, Ltd. (TSE:8362) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.07% of its share capital, at ¥1,451 per share for ¥725.5 million. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment. The plan will be valid till June 14, 2021. As of May 31, 2021, the company had 24,144,669 shares outstanding (excluding treasury shares) and 82,077 shares in treasury.
The Fukui Bank, Ltd. is a Japan-based regional bank mainly engaged in banking business. The Bank operates in three business segments. The Banking segment is engaged in the provision of banking services, including deposit, loan, domestic and foreign exchange and other banking supporting services like credit guarantee business, credit card business, etc. The Leasing segment is engaged in the provision of leasing services include industrial machinery, computers and office equipment etc. Other business is involved in the computer-related business.
THE FUKUI BANK, LTD. 
