Chugin Financial Group,Inc. (TSE:5832) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 1.3% of its total shares outstanding (excluding treasury shares), for a total of ¥2,000 million. The purpose of the program is to return profits to shareholders through improved capital efficiency.

The repurchase program is valid till November 10, 2023. As of April 30, 2023, the company had 184,771,461 shares outstanding (excluding treasury shares) and had 1,071,607 shares in treasury.