Nippon Kayaku : Notice regarding Acquisition of Treasury Stock
May 15, 2024 at 10:10 pm EDT
Share
May 13, 2024
To Whom It May Concern,
Name of company:
Nippon Kayaku Co., Ltd.
Name of representative:
Atsuhiro Wakumoto, President
Code No.:
4272
Tokyo Stock Exchange, Prime Market
Contact:
Tsutomu Kawamura, Director
General Manager of Finance &
Accounting Division, Financial Group
(Tel: +81-3-6731-5842)
Notice regarding Acquisition of Treasury Stock
(Acquisition of treasury stock pursuant to the provisions of the Articles of Incorporation pursuant
to the provision of Article 165, Item 2 of the Companies Act)
The Company announces that its decision at the Board of Directors meeting held on May 13, 2024, to acquire its shares in the market pursuant to the provisions of Article 156 of the Companies Act, as applied pursuant to Article 165, Item 3 of the Companies Act.
Reason for Acquisition of Treasury Stock
To carry out flexible capital policies corresponding to changes in the business environment.
Contents of the acquisition
(1)
Type of shares to be acquired:
Common shares of the Company
(2)
Total number of shares to be acquired:
2.8 million shares (up to)
(1.7% of total shares issued, excluding treasury stock)
(3)
Total acquisition cost:
3.0 billion yen (up to)
(4)
Acquisition period:
From May 21, 2024 to September 30, 2024
(5)
Acquisition method:
Open market acquisition of shares on the Tokyo Stock Exchange
(Reference) Numbers of treasury stock as of March 31, 2024
Total number of shares outstanding (excluding treasury stock):
165,870,785
Shares
Treasury stock:
4,632,785
Shares
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Nippon Kayaku Co. Ltd. published this content on
16 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 May 2024 02:09:00 UTC.
NIPPON KAYAKU CO., LTD. is primarily engaged in the manufacture and sale of functional chemical products. The Company has three business segments. The Functional Chemical segment manufactures and sells functional materials, such as epoxy resin, ultraviolet curable resin and high-performance chemicals; pigment materials, including functional dyes, pigment for inkjet printers and others; catalysts, such as catalysts for acrylic and methacrylic acid manufacturing, as well as coloring materials, such as dyes and special coloring materials for nonfibrous products, among others. The Pharmaceutical segment supplies pharmaceutical products, medical intermediates and diagnostic medicines, among others. The Safety Systems segment provides inflators for airbags and micro gas generators for seatbelt pretensioners. The Company is also engaged in the manufacture and sale of agricultural chemicals.
NIPPON KAYAKU CO., LTD. 
