The Gunma Bank, Ltd. (TSE:8334) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to implement flexible capital policies and to improve shareholder returns through improved capital efficiency.

The program will continue through December 8, 2023. As of September 30, 2023, the company had 396,799,883 issued shares (excluding treasury stock) and 29,088,294 treasury shares.