The Tochigi Bank, Ltd. announces an Equity Buyback for 1,100,000 shares, representing 1.05% for ¥275 million.
May 12, 2022 at 12:00 pm IST
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The Tochigi Bank, Ltd. (TSE:8550) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 1.05% of its issued share capital (excluding treasury stock), for a total purchase price of ¥275 million. The purpose of the program is to enhance the return of profits to shareholders by improving capital efficiency.
The program will continue through August 31, 2022. As of March 31, 2022, the company had 104,456,980 issued shares (excluding treasury stock) and 5,151,020 treasury shares.
THE TOCHIGI BANK, LTD. (the Bank) is a Japan-based regional bank mainly engaged in the provision of financial services, with a focus on banking services. The Bank operates in two businesses. The banking business is engaged in the provision of deposit services, loan services, and domestic and foreign exchange services, securities trading and investment services, bonds services and the registration service and other services, as well as the over-the-counter sale of insurance products. The Leasing segment is engaged in the provision of equipment leasing services, housing loan guarantee services, credit card services and others. The other business is engaged in provision of equipment leasing services, housing loan guarantee services, securities buying and selling service, credit card services and others.
THE TOCHIGI BANK, LTD. 