Daiwa Securities Group Inc. failed to execute its share repurchase plan for up to 30 million shares.

The company had in October 2016 planned to repurchase the shares for up to ¥20 billion in the period beginning Oct. 31, 2016, to Jan. 25.

However, the plan expired without the company buying any of its shares due to a significant increase in its share price.

As of Jan. 24, US$1 was equivalent to ¥113.27.