The Kiyo Bank, Ltd. announces an Equity Buyback for 700,000 shares, representing 1.02% for ¥1,000 million.
May 13, 2019 at 01:29 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 700,000 shares, representing 1.01% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and to return profits to all shareholders. The share repurchase program will run until September 20, 2019. As of April 30, 2019, the company had 68,925,989 shares outstanding (excluding treasury shares) and 1,374,011 shares in 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. 
