The Yamagata Bank, Ltd. (TSE:8344) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to return profits to shareholders by improving capital efficiency.

The program will continue through February 28, 2022. As of September 30, 2021, the company had 32,529,941 issued shares (excluding treasury stock) and 1,470,059 treasury shares.