Concordia Financial Group, Ltd. (TSE:7186) announces a share repurchase program. Under the program, the company will repurchase up to 17,600,000 shares, representing 1.46% of its issued share capital, for ¥6,000 million. The purpose of the program is to improve capital efficiency by returning profits to shareholders.

The program will expire on March 24, 2023. As of January 31, 2023, the company had 1,209,616,065 shares outstanding (excluding treasury shares) and 22,499,068 shares in treasury.