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Japan's Gunma Bank completes share buyback

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Japan's Gunma Bank completes share buyback

Gunma Bank Ltd. completed a planned share buyback with the repurchase of 1,387,500 shares for ¥899.5 million.

The lender conducted the buyback between May 11 and May 30 by buying back the shares on the market through a trust bank, according to a May 31 statement.

Earlier in May, the Japanese bank had announced a plan to repurchase up to 1.4 million shares for up to ¥900 million.

As of May 31, US$1 was equivalent to ¥108.76.