North Pacific Bank,Ltd. (TSE:8524) announces a share repurchase program. Under the program, the company will repurchase up to 3,750,000 shares, representing 0.96% of its issued share capital (excluding treasury stock), for a total purchase price of ¥810 million. The purpose of the program is to enhance the overall return of profits to shareholders by improving capital efficiency.

The program will continue through June 27, 2022. As of April 30, 2022, the company had 389,726,960 issued shares (excluding treasury stock) and 9,333,219 treasury shares.