Yamaguchi Financial Group, Inc. announces an Equity Buyback for 13,000,000 shares, representing 5.26% for ?6,500 million.
November 12, 2021 at 01:00 am EST
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Yamaguchi Financial Group, Inc. (TSE:8418) announces a share repurchase program. Under the program, the company will repurchase 13,000,000 shares, representing 5.25% of its share capital, for ?6,500 million. The company will repurchase its shares in order to return profits to shareholders by improving capital efficiency. The program will run until March 24, 2022. As of September 30, 2021, the company had 247,245,979 shares outstanding (excluding treasury shares) and 17,107,637 shares in treasury.
Yamaguchi Financial Group, Inc. is a Japan-based financial holding company principally engaged in the provision of financial services, with a focus on banking services. The Company operates two types of business. The banking business is engaged the provision of banking services, including deposit, loan, domestic and foreign exchange, securities trading and investment services. The Company is also involved in the securities, credit card and leasing businesses. The Company has 16 subsidiaries and three associated companies.
YAMAGUCHI FINANCIAL GROUP, INC. 
