Hokuhoku Financial Group, Inc. announces an Equity Buyback for 2,500,000 shares, representing 2.01% for ¥4,000 million.
May 10, 2024 at 07:00 am
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Hokuhoku Financial Group, Inc. (TSE:8377) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.01% of its issued share capital for ¥4,000 million. The purpose of the program is to return profits to shareholders and improve capital efficiency and corporate value through a flexible capital policy.
The program will continue until August 30, 2024. As of March 31, 2024, the company had 124,583,729 shares in issue and 787,085 shares in treasury.
Hokuhoku Financial Group Inc is a Japan-based company mainly engaged in the provision of comprehensive financial services centered on the banking business. The Company operates in two business segments including Hokuriku Bank and Hokkaido Bank. The Company provides regional financial group with offices in the three major metropolitan areas of Hokkaido, Hokuriku, and Tokyo, Nagoya, Osaka. The Company primarily offers comprehensive financial service functions that respond to a wide range of needs such as securities business, leasing, credit card, venture capital, software development, servicer business. The Hokuriku Bank segment and Hokkaido Bank segment offer banking business. The Company also provides securities business, leasing business and credit card business.
HOKUHOKU FINANCIAL GROUP, INC. 
