Kyushu Financial Group, Inc. announces an Equity Buyback for 12,000,000 shares, representing 2.66% for ¥5,500 million.
November 12, 2019 at 01:00 am EST
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Kyushu Financial Group, Inc. (TSE:7180) announces a share repurchase program. Under the program, the company will repurchase 12,000,000 shares, representing 2.66% of its share capital, for ¥5,500 million. The company will repurchase its shares in order to return profits to all shareholders by improving capital efficiency, through the implementation of a flexible capital policy. The program will run until March 24, 2020. As of September 30, 2019, the company had 451,513,103 shares outstanding (excluding treasury shares) and 11,862,875 shares in treasury.
Kyushu Financial Group Inc is a Japan-based company mainly engaged in the provision of financial services such as banking business, leasing business, credit card business, credit guarantee business and financial product transaction business. The Company operates in two business segments. The Banking segment is engaged in the deposit business, lending business, foreign exchange business, securities business, among others. The Leasing segment is engaged in leasing and lending business. The others include credit card business, outsourcing of calculation and software development business, credit guarantee business, and financial product transaction business.
KYUSHU FINANCIAL GROUP,INC. 
