Okinawa Financial Group,Inc. announces an Equity Buyback for 1,600,000 shares, representing 6.95% for ¥3,500 million.
May 12, 2023 at 05:30 am
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Okinawa Financial Group,Inc. (TSE:7350) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 6.95% of its share capital, for ¥3,500 million. The company will repurchase its shares in order to enhance shareholder returns by improving capital efficiency.
The share repurchase program will run until July 14, 2023. As of April 30, 2023, the company had 23,016,468 shares outstanding (excluding treasury shares) and 859,818 shares in treasury.
The Bank of Okinawa, Ltd. is a Japan-based company mainly engaged in the banking, leasing, credit card, credit guarantee and financial products business. The Company operates through two business segments. The Banking segment includes deposit business, lending business, foreign exchange business, securities investment business, window sales business for government bonds and trust business. The Leasing segment is involved in the leasing and related businesses. The Company is also involved in the mortgage credit guarantee services, financial product transaction services, cash scrutiny and consolidation services, receivables management and collection services, financial and economic research and research services, as well as the computer-related services.
OKINAWA FINANCIAL GROUP, INC. 
