Earth Corporation announces an Equity Buyback for 10,000 shares, for ?69 million.
November 07, 2021
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Earth Corporation (TSE:4985) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.05% of its issued share capital (excluding treasury stock), for a total purchase price of ?69 million. The shares will be repurchased at a price of ?6,900 per share. The purpose of the program is to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of September 30, 2021, the company had 22,070,627 issued shares (excluding treasury stock) and 6,873 treasury shares.
Earth Corporation, formerly EARTH CHEMICAL CO., LTD. is a company mainly engaged in manufacturing and sales of insecticides and household products. The Company operates through two business segments. The Household Products segment is engaged in manufacturing, sales, import and export of household insecticides, garden products, pet supplies, household insecticides, including mouth washes, denture related supplies, tooth brushing products, bathing agents, deodorant fragrances. This segment also provides drugs for infectious disease control, agricultural and animal husbandry, as well as provision of raw materials for overseas. The Comprehensive Environmental Hygiene segment is engaged in provision of environmental hygiene services for food and medicine factories, and provision of related consulting services. The other business engages in environmental hygiene management work, including insect and rat control, cleaning and disinfection restaurants and office buildings.