First Bank of Toyama profit falls 42% amid share buybacks

First Bank of Toyama reported ordinary profit fell 41.9% to 6,716 million yen for the three months ended June 30, with profit attributable to owners declining 38.4% to 4,914 million yen.

The bank acquired 32,900 shares for 34.97 million yen in July as part of its repurchase program, bringing cumulative buybacks to 637,700 shares worth 653 million yen.