Chugin Financial Group,Inc. (TSE:5832) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.16% of its share capital, for ¥5,000 million. The purpose of the program is to improve capital efficiency through capital control to increase corporate value and to increase return of profits to shareholders.

The program will expire on October 31, 2024. As of April 30, 2024, the company had 184,771,461 shares in issue (excluding treasury stock) and 2,809,735 shares in treasury.