SBI Sumishin Net Bank, Ltd. (TSE:7163) announces a share repurchase program. Under the program, the company will repurchase up to 51,107 shares, representing 0.03% of its issued share capital (excluding treasury stock), for ¥120 million. The purpose of the program is to to deliver the repurchased shares as restricted stock compensation.

The program will run until May 17, 2024. As of March 31, 2024, the company had 150,792,161 shares in issue (excluding treasury stock) and 1,639 shares in treasury.