The Naganobank, Ltd. (TSE:8521) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 0.61% of the shares outstanding excluding treasury shares, at a price of ¥204 per share for a total of ¥112.20 million. The company will repurchase its shares through Off-Auction Own Share Repurchase Trading (ToSTNeT-3).

The purpose of the program is to implement a flexible capital policy corresponding to changes in the corporate environment. As of November 30, 2015, the company had 90,071,518 shares outstanding excluding treasury shares and had 506,848 shares in treasury.