Kyoto Financial Group,Inc. announces an Equity Buyback for 2,200,000 shares, representing 2.96% for ¥13,000 million.
November 13, 2023 at 11:30 am IST
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Kyoto Financial Group,Inc. (TSE:5844) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 2.95% of its issued share capital (excluding treasury stock), for a total purchase price of ¥13,000 million. The purpose of the program is increasing corporate value by strengthening shareholder returns and improving capital efficiency based on the shareholder return policy. The program will continue through March 31, 2024. As of October 2, 2023, the company had 74,357,717 issued shares (excluding treasury stock) and 1,482,971 treasury shares.
On November 13, 2023, the company announced a stock split of its common shares in the ratio of 4 shares for every 1 share.
Kyoto Financial Group Inc is a Japan-based company mainly engage in the management and administration of banks and other companies that may be made subsidiaries under the Banking Law, as well as other businesses incidental and related thereto. The Kyoto Bank Group is principally engaged in banking business and other businesses related to financial services, including leasing, credit card, and securities businesses. The head office and other branches of Kyoto Bank conduct deposit, lending, trading of commodity securities, investment in securities, domestic exchange, foreign exchange, and trust businesses, and are positioned as the core operations of the group. In addition, through its consolidated subsidiaries, the Company is engaged in the provision of real estate management and leasing services, management of electronic commerce (EC) malls, credit guarantee services, leasing services, investment services, credit card services, economic research, and business consultation services.
KYOTO FINANCIAL GROUP,INC. 
