Suruga Bank Ltd. (TSE:8358) announces a share repurchase program. Under the program, the company will repurchase 35,000,000 shares, representing 18.58% of its issued share capital for ¥22,000 million. The purpose of the program is implementing a capital policy that responds to changes in the environment and market environment.

The program will expire on March 31, 2024. As of March 31, 2023, the company had 232,139,248 shares and 43,768,676 shares in treasury.