The Awa Bank, Limited announces an Equity Buyback for 300,000 shares, representing 0.69% for ¥1,000 million.
January 29, 2019 at 11:54 am IST
Share
The Awa Bank, Limited (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.69% of the outstanding shares for ¥1,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The plan will be valid up to March 1, 2019. As of December 31, 2018, the company had 43,456,324 shares outstanding and 1,783,676 shares in treasury.
Awa Bank Ltd is a Japan-based company mainly engaged in the banking services, leasing services and other financial services. The Company operates through two business segments. The Banking segment is engaged in the provision of deposits, lending, securities investment, domestic exchange, and foreign exchange services, and the provision of financial products and services through the sales of public bonds, investment trusts and insurance, financial products brokerage, and trust products. The Company is also engaged in the provision of banking services, credit guarantee services, credit card services, and management consulting services as supplements to the banking business. The Leasing segment is engaged in the leasing business.
THE AWA BANK, LTD. 
