The Shizuoka Bank, Ltd. (TSE:8355) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 1.68% of its share capital, for ¥11,500 million. The company will repurchase its shares in order to improve corporate value by improving capital efficiency. The share repurchase program will run until December 20, 2018. As of September 30, 2018, the company had 593,903,921 shares outstanding (excluding treasury shares) and 21,225,148 shares in treasury.