The Akita Bank, Ltd. (TSE:8343) announces a share repurchase program. Under the plan, the company will repurchase up to 3,200,000 shares, representing 1.70% of the total outstanding shares excluding treasury shares for ¥960 million. The shares will be repurchased in order to enable the implementation of a flexible capital policy corresponding to changes in the business environment and the improve shareholder returns.

The repurchase program will be valid till August 29, 2014. As of June 30, 2014, the company has 188,339,140 outstanding shares (treasury shares excluded) and 5,597,299 shares in treasury.