Bank of the Ryukyus, Limited announces an Equity Buyback for 450,000 shares, representing 1.18% for ¥765 million.
May 10, 2017 at 09:00 am IST
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Bank of the Ryukyus, Limited (TSE:8399) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 1.18% of its share capital, for ¥765 million. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3) and market repurchases. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment, and aim for shareholder returns. The share repurchase program will run until May 31, 2017. As of March 31, 2017, the company had 38,098,503 shares outstanding (excluding treasury shares) and 409,967 shares in treasury.
Bank of The Ryukyus, Limited is a Japan-based regional bank mainly engaged in the provision of financial services for individual and corporate customers. The Bank operates in two business segments. The Banking business includes deposit business, lending business, domestic exchange business, and foreign exchange business, among others. The Leasing segment is engaged in the leasing business. The Company is also engaged in the cash scrutiny organize business, research businesses related to industry, economy and finance and others.
BANK OF THE RYUKYUS, LIMITED 
