Yamaguchi Financial Group, Inc. announces an Equity Buyback for 20,000,000 shares, representing 8.42% for ¥10,000 million.
May 13, 2022 at 02:00 am EDT
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Yamaguchi Financial Group, Inc. (TSE:8418) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 8.42% of its share capital, for ¥10,000 million. The purpose of the program is to return profits to shareholders by improving capital efficiency.
The program will run until March 24, 2023. As of March 31, 2022, the company had 237,488,058 shares outstanding (excluding treasury shares) and 26,865,558 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. 
