The Hyakugo Bank, Ltd. announces an Equity Buyback for 500,000 shares, representing 0.2% for ¥160 million.
August 27, 2021 at 03:00 am EDT
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The Hyakugo Bank, Ltd. (TSE:8368) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.2% for ¥160 million. The shares will be repurchased at a price of ¥320 per share. The purpose of the program is to prepare for the exercise of stock options. The program will expire on August 30, 2021. As of July 31, 2021, the company had 254,083,244 shares in issue and 35,756 shares in treasury.
The Hyakugo Bank, Ltd. is a Japan-based company mainly provides financial services such as leasing business mainly banking. The Company mainly operates through two business segments. The Banking segment provides deposit services, loan services, domestics exchange services and foreign exchange services. This segment is involved in the investment trust and insurance counter sales, financial product intermediation, merger and acquisition (M&A) and syndicated loans. This segment is also engaged in the examination and adjustment of cash, the storage and management of documents and accounting books, the survey and evaluation of real estate, the placement agency and personnel management business. The Leasing segment is engaged in the leasing business. The Company is also engaged in the trading of financial products, the credit card and credit guarantee business, the provision of regional industry survey- and consulting-related services, as well as the processing of information business.
THE HYAKUGO BANK, LTD. 
