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Daiwa Securities to repurchase 27 million shares

Daiwa Securities Group Inc. plans to repurchase up to 27 million own shares to improve its capital efficiency.

The company said it will repurchase the shares for up to ¥20 billion. The repurchase period will run from Feb. 10 to April 25.

The shares to be repurchased represent 1.59% of the company's total shares outstanding, excluding treasury stock.

As of Jan. 27, US$1 was equivalent to ¥115.07.