The First Bank Of Toyama, Ltd. (TSE:7184) announces a share repurchase program. Under the program, the company will repurchase up to 3,600,000 shares, representing 5.4% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to enhance the return of profits to shareholders by improving capital efficiency.

The program will run until January 31, 2023. As of March 31, 2022, the company had 66,629,219 shares in issue (excluding treasury stock) and 680,481 shares in treasury.