The Akita Bank, Ltd. (TSE:8343) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 1.62% of the shares outstanding excluding treasury shares, for a total of ¥1,140 million. The company will make market purchase from the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose behind the program is to implement a flexible capital policy that is responsive to changes in the business climate. The share repurchase program is valid until October 16, 2015. As of July 31, 2015, the company had 185,388,443 shares outstanding excluding treasury shares and had 1,547,996 shares in treasury.