The Minami-Nippon Bank,Ltd. (FKSE:8554) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.86% of its issued share capital (excluding treasury stock), for a total purchase price of ¥105.6 million. The shares will be repurchased at a price of ¥704 per share.

The purpose of the program is to improve shareholder returns by implementing flexible capital policies and improving capital efficiency. As of June 30, 2023, the company had 8,045,168 issued shares (excluding treasury stock) and had 51,262 treasury shares.