The Fukuoka Chuo Bank, Ltd. (FKSE:8540) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.73% of its issued share capital (excluding treasury stock), for ¥41.74 million. The shares will be repurchased at a price of ¥2,087 per share.

The purpose of the program is to secure treasury stock to be delivered to the allottees of the officer stock compensation system. The program will run until February 28, 2022. As of December 31, 2021, the company had 2,725,789 shares in issue (excluding treasury stock) and 11,371 shares in treasury.