The Shikoku Bank, Ltd. (TSE:8387) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.34% of its share capital (excluding treasury stock), at a price of ¥736 per share, for ¥736 million. The company will repurchase its shares in order to return profits to shareholders and to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until February 24, 2021. As of January 31, 2021, the company had 42,652,625 shares outstanding (excluding treasury shares) and 247,375 shares in treasury.