Concordia Financial Group, Ltd. (TSE:7186) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 1.7% of its issued share capital, for ¥7,000 million. The purpose of the program is to return profits to shareholders and improve capital efficiency.

The program will expire on December 22, 2023. As of October 31, 2023, the company had 1,176,710,551 shares outstanding (excluding treasury shares) and 905,514 shares in treasury.