The Taiko Bank,Ltd. (TSE:8537) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.04% of its share capital for up to ¥1,260 million. The shares will be repurchased at the stock price of ¥252 per share through the off-auction own share repurchase method (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. As of November 4, 2016, the company had 99,243,295 shares outstanding and 770,705 shares in treasury.