The Board of Directors of The Fukui Bank, Ltd. (TSE:8362) authorized a share repurchase program on June 7, 2013. Under the program, the company will repurchase 2,000,000 shares, representing 0.82% stake of outstanding shares (excluding treasury shares) for total of ¥500 million. The company will make repurchases on market.

The company will make repurchases in order to pursue a dynamic capital strategy responsive to changes in the business world and to further enhance shareholder returns. Repurchase will be made in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The repurchases will commence on June 10, 2013 and will be valid till August 26, 2013.

As of May 31, 2013, the company has 242,815,176 shares outstanding and held 631,521 shares under treasury.