The Kita-Nippon Bank, Ltd. announces an Equity Buyback for 200,000 shares, representing 2.34% for ¥300 million.
June 25, 2019 at 03:00 am EDT
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The Kita-Nippon Bank, Ltd. (TSE:8551) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.34% of the outstanding shares for ¥300 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until September 30, 2019. As of May 31, 2019, the company had 8,557,811 shares outstanding and 235,965 shares in treasury.
The Kita-Nippon Bank, Ltd. is a Japan-based bank mainly engaged in banking business, as well as credit card business, leasing business and other financial services. The Bank operates in two business segments. The Banking segment offers deposit business, loan business, securities investment business, domestic and foreign exchange transaction business, and other financial services. The leasing segment engages in leasing business, Computation consignment service, as well as development and sale of computer software. The others business engages in credit card business and credit guarantee business.
THE KITA-NIPPON BANK, LTD. 
