The Shikoku Bank, Ltd. (TSE:8387) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 0.92% of the outstanding shares for ¥600 million. The purpose of the program is to improve shareholder returns and to implement a flexible capital policy in response to changes in the business environment. The program will run until March 14, 2017. As of October 31, 2016, the company had 216,304,559 shares outstanding and 2,195,441 shares in treasury.