Toagosei Co., Ltd. announces an Equity Buyback for 5,000,000 shares, representing 4.28% for ¥6,000 million.
February 13, 2024 at 12:00 am EST
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Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 4.28% of its issued share capital, for ¥6,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, expand corporate value, and implement flexible capital policies.
The program will be valid till December 31, 2024. As of December 31, 2023, the company has 116,850,095 issued shares (excluding treasury stock) and 249,905 treasury shares.
TOAGOSEI CO., LTD. is a Japan-based company mainly engaged in the chemicals business and polymer and oligomer businesses. The Company operates through five business segments. The Basic Chemicals segment manufactures and sells sodium hydroxide, sodium hydroxide, sodium hypochlorite, sulfuric acid, industrial gases, and acrylic acid esters. The Polymer and Oligomer segment manufactures and sells acrylic polymers, polymer flocculants, and photo-curable resins. The Resin Processing Products segment manufactures and sells plumbing equipment products, building materials and civil engineering products, life support products, and elastomer compounds. The Adhesive Materials segment manufactures and sells instant adhesives and functional adhesives. The Advanced Inorganic Materials segment manufactures and sells high-purity inorganic chemicals and inorganic functional materials. It is also engaged in new products research and development business, transportation and trading company business.
TOAGOSEI CO., LTD. 
