Daiwa Securities Group Inc. (TSE:8601) announces a share repurchase program. Under the program, the company will repurchase up to 35,000,000 shares, representing 2.43% of its issued share capital, for ¥35,000 million. The purpose of repurchase program is to return profits to shareholders by improving capital efficiency considering recent stock market trends.

The repurchase program is valid till March 22, 2024. As of September 30, 2023, the company had 1,437,418,116 shares outstanding (excluding treasury shares) and had 131,960,656 shares in treasury.