Bank of The Ryukyus, Limited (TSE:8399) announces a share repurchase program. Under the program, the company will repurchase up to 431,000 shares, representing 1.03% of its share capital, for ¥500 million. The company will repurchase its shares in order to return profits to shareholders through improved capital efficiency, and to enable the implementation of agile and flexible capital policies that respond to changes in the business environment.

The share repurchase program will run until June 21 2024. As of March 31, 2024, the company had 41,667,929 shares outstanding (excluding treasury shares) and 1,440,541 shares in treasury.