The 77 Bank, Ltd. announces an Equity Buyback for 500,000 shares, representing 0.67% for ¥800 million.
May 15, 2019 at 02:30 am
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The 77 Bank, Ltd. (TSE:8341) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.67% of its share capital, for ¥800 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and to aim for profits for all shareholders. The share repurchase program will run until June 21, 2019. As of March 31, 2019, the company had 74,754,740 shares outstanding (excluding treasury shares) and 1,901,006 shares in treasury.
77 Bank Ltd is a Japan-based company mainly engaged in the provision of banking services, leasing services, and financial services such as credit card services. The Company operates through the Banking Business segment. Banking business includes deposit business, lending business, commodity securities trading business, securities investment business, domestic foreign exchange business, foreign exchange business, corporate bond trust business, agency business, debt guarantee (payment acceptance), government bonds, investment trust, over-the-counter sales of insurance products. The leasing business is engaged in financial-related leasing activities. It is also engaged in credit guarantee business, credit card business, financial product transaction business, research and consulting business, outsourcing of calculation business using electronic computing equipment, fund management business, and investment business.
THE 77 BANK, LTD. 
