The Ogaki Kyoritsu Bank, Ltd. announces an Equity Buyback for 5,000,000 shares, representing 1.42% for ¥2,000 million.
November 13, 2014
Share
The Ogaki Kyoritsu Bank, Ltd. (TSE:8361) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.42% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of the repurchase program is to put efforts into raising share value through profitable returns to the company's shareholders.
The repurchases will be in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The share repurchase program is valid until December 17, 2015. As of September 30, 2014, the company has 352,640,966 shares outstanding excluding treasury shares and had 678,009 shares in treasury.
The Ogaki Kyoritsu Bank, Ltd. is a Japan-based bank centered on banking business and engaged in financial services including leasing and credit card business. The Bank operates in two segments. The Banking segment is engaged in banking business like deposit, loan, domestic and international currency exchange, government bonds, investment trust, insurance sales and stock investment business. The Leasing segment is engaged in leasing and installment loan business. Other businesses include computer-related, think tanks, credit guarantee, credit cards and venture capital businesses, as well as the integrated processing of banking business, scrutiny and organize business of cash, document creation and storage business, and Real Estate collateral research and evaluation work.
THE OGAKI KYORITSU BANK, LTD. 
