Daiwa Securities to repurchase up to 55 million shares

The evolving world of central bank digital currencies

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Daiwa Securities Group Inc. plans to repurchase up to 55 million own shares for up to ¥40 billion.

The company said the share buyback program is aimed at improving its capital efficiency. The buyback period runs from Aug. 22 to March 22, 2019.

The shares to be repurchased represent 3.40% of the company's total shares outstanding, excluding treasury stock.

As of July 27, US$1 was equivalent to ¥111.02.