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Japan's Dai-ichi Life completes share repurchase

Japan-based Dai-ichi Life Holdings Inc. completed its ¥23 billion share repurchase program after reaching the limit for its planned total repurchase price.

The company said Feb. 27 that it repurchased a total of 10,602,900 shares for about ¥23 billion.

Under the program, announced in May 2017, the company sought to buy back up to 23 million shares for up to ¥23 billion between May 16, 2017, and March 31, 2018.

As of Feb. 27, US$1 was equivalent to ¥107.45.