The Hyakujushi Bank, Ltd. (TSE:8386) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 0.67% of its outstanding shares excluding treasury shares for ¥1,000 million. The purpose of the program is to enhance the capital efficiency by improving the shareholders' returns.
The program will be valid until January 29, 2016. As of September 30, 2015, the company had 298,324,104 outstanding shares excluding treasury shares and 11,751,965 shares in treasury.