The Hyakugo Bank, Ltd. announces an Equity Buyback for 3,800,000 shares, representing 1.5% for ¥2,420.6 million.
February 27, 2024 at 02:00 am EST
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The Hyakugo Bank, Ltd. (TSE:8368) announces a share repurchase program. Under the program, the company will repurchase up to 3,800,000 shares, representing 1.50% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,420.60 million. The shares will be repurchased at a price of ¥637 per share.
The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of January 31, 2024, the company has 253,618,820 issued shares (excluding treasury stock) and 500,180 treasury shares.
The Hyakugo Bank, Ltd. is a Japan-based company mainly provides financial services such as leasing business mainly banking. The Company mainly operates through two business segments. The Banking segment provides deposit services, loan services, domestics exchange services and foreign exchange services. This segment is involved in the investment trust and insurance counter sales, financial product intermediation, merger and acquisition (M&A) and syndicated loans. This segment is also engaged in the examination and adjustment of cash, the storage and management of documents and accounting books, the survey and evaluation of real estate, the placement agency and personnel management business. The Leasing segment is engaged in the leasing business. The Company is also engaged in the trading of financial products, the credit card and credit guarantee business, the provision of regional industry survey- and consulting-related services, as well as the processing of information business.
THE HYAKUGO BANK, LTD. 
