Arakawa Chemical Industries, Ltd. announces an Equity Buyback for 800,000 shares, representing 3.88% for ¥1,500 million.
June 13, 2019 at 03:00 am EDT
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Arakawa Chemical Industries, Ltd. (TSE:4968) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 3.88% of its share capital, for ¥1,500 million. The company will repurchase its shares in order to further enhance shareholder returns and improve capital efficiency. The share repurchase program will run until June 12, 2020. As of May 31, 2019, the company had 20,639,149 shares outstanding (excluding treasury shares) and 13,251 shares in treasury.
ARAKAWA CHEMICAL INDUSTRIES, LTD. is a Japan-based company principally engaged in the manufacture and sale of intermediate materials for papermaking chemicals, printing ink resins, adhesive resins and electronic materials. The Company has four business segments. Papermaking Chemicals segmentâs main products include sizing agents, paper strength enhancers and coated paper chemicals. Coating segmentâs main products include printing ink resins, paint resins, synthetic rubber polymerization emulsifiers and photocurable resins. Adhesive segmentâs main products include adhesive resins and ultra-light rosin. Functional Materials segmentâs main products include compounded products for electronic materials, functional fine chemical products, precision abrasives, precision parts cleaners and cleaning equipment. The Company is also involved in non-life insurance and real estate brokerage business.
ARAKAWA CHEMICAL INDUSTRIES, LTD. 
