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.