The Kiyo Bank, Ltd. announces an Equity Buyback for 1,600,000 shares, representing 2.39% for ¥2,000 million.
May 13, 2022 at 01:00 am EDT
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The Kiyo Bank, Ltd. (TSE:8370) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 2.39% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment and return profits to shareholders.
The program will be valid till January 31, 2023. As of April 28, 2022, the company had 67,031,902 shares outstanding (excluding treasury shares) and 268,098 shares in its treasury.
The Kiyo Bank Ltd is principally engaged in the provision of banking business and various financial services. Through its head office and branches, The Banking segment is engaged in the operation of deposit business, lending business, domestic and foreign exchange business, as well as others. Through its affiliated companies, the others business is engaged in the provision of a range of financial services other than banking business, including credit guarantee service, leasing service and venture capital business, credit card operations, as well as computer related business.
THE KIYO BANK, LTD. 
