The Chugoku Bank, Limited (TSE:8382) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 0.65% of its issued share capital, for ¥1,000 million. The purpose of the program is to return profits to shareholders by improving capital efficiency.

The repurchased shares will be cancelled. The program will expire on December 30, 2022. As of October 31, 2022, the company had 184,771,461 issued shares and 0 shares in treasury.