SBI Sumishin Net Bank, Ltd. (TSE:7163) announces a share repurchase program. Under the program, the company will repurchase up to 104,000 shares, representing 0.07% of its issued share capital (excluding treasury stock), for ¥270 million. The purpose of the program is to to deliver the repurchased shares as restricted stock compensation.

The program will run until November 14, 2023. As of September 30, 2023, the company had 150,793,800 shares in issue (excluding treasury stock) and 0 shares in treasury.