North Pacific Bank,Ltd. (TSE:8524) announces a share repurchase program. Under the program, the company will repurchase up to 3,940,000 shares, representing 1.02% of its share capital, for ¥1,300 million. The purpose of the program is to enhance shareholder returns and to improve capital efficiency.

The program will expire on June 28, 2024. As of March 31, 2024, the company had 384,743,974 shares in issue (excluding treasury stock) and 14,316,205 shares in treasury.