The Tochigi Bank, Ltd. announces an Equity Buyback for 10,000,000 shares, representing 8.8% for ¥4,500 million.
March 01, 2016
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The Tochigi Bank, Ltd. (TSE:8550) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 8.8% of its outstanding shares, at a price of price of ¥436 per share for a total of ¥4,500 million. Repurchases will be made through off-hours treasury share trading (ToSTNeT-3).
The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment, along with aiming for profits for all shareholders.
THE TOCHIGI BANK, LTD. (the Bank) is a Japan-based regional bank mainly engaged in the provision of financial services, with a focus on banking services. The Bank operates in two businesses. The banking business is engaged in the provision of deposit services, loan services, and domestic and foreign exchange services, securities trading and investment services, bonds services and the registration service and other services, as well as the over-the-counter sale of insurance products. The Leasing segment is engaged in the provision of equipment leasing services, housing loan guarantee services, credit card services and others. The other business is engaged in provision of equipment leasing services, housing loan guarantee services, securities buying and selling service, credit card services and others.
THE TOCHIGI BANK, LTD. 
