The Board of Directors of Musashino Bank Ltd. (TSE:8336) authorized a share repurchase program on November 8, 2012. Under the program, the company will repurchase up to 350,000 shares, representing 1.03% of its issued share capital (excluding treasury shares), for a total cost of ¥1 billion. The shares repurchased will be cancelled. The repurchases will be done based on Article 165, Clause 3, of Japan's Corporate Law, as interpreted in lieu of Article 156, of Japan's Corporate Law. The purpose of the repurchase program is to enhance shareholder distribution through improving capital efficiency. The plan will commence on November 9, 2012 and end on December 20, 2012. As of October 31, 2012, the company has 33,878,650 shares outstanding (treasury shares excluded) and 276,806 shares held in treasury.

Musashino Bank Ltd. completed its share repurchase program on December 7, 2012. Under the plan, the company has repurchased 350,000 shares, representing 1.03% for ¥946.15 million.