TOKYO, May 18 (Pulse News Wire) – Suruga Bank Ltd. (8358.T) suspended its share repurchase program from May 15 to May 18 due to equity compensation arrangements.
The bank had planned to acquire up to 0 shares during the period from May 15 to May 18 based on resolutions made at a board meeting held on April 24, 2026. According to the resolution, Suruga Bank aimed to purchase up to 0 shares, representing up to 0.01% of outstanding shares excluding treasury stock, with a total acquisition value of up to ¥0. The method of acquisition was through open-market purchases on the Tokyo Stock Exchange.
Additionally, the suspension aligns with previous announcements on May 14, 2026, concerning the continuation of the equity compensation plan for senior executives and trust-based equity incentive programs. As part of these plans, the bank will acquire shares allocated as part of the trust-based equity incentives until May 18. As of May 18, Suruga Bank has not acquired any shares under the self-share repurchase program since the implementation began.
The total amount spent on acquiring shares remains at ¥0.
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