Kumiai Chemical Industry Co., Ltd. announces an Equity Buyback for 3,000,000 shares, representing 2.25% for ¥2,751 million.
September 06, 2019 at 03:00 am EDT
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Kumiai Chemical Industry Co., Ltd. (TSE:4996) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.25% of its share capital, at ¥917 per share for ¥2,751 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment and for shareholder returns, along with aiming to improve capital efficiency. As of April 30, 2019, the company had 133,184,612 shares outstanding (excluding treasury shares) and 7,926,963 shares in treasury.
KUMIAI CHEMICAL INDUSTRY Co., Ltd. is a Japan-based company principally engaged in the manufacture and sale of agricultural chemicals and other chemical products. The Company operates in two business segments. Agricultural Chemicals & Agriculture-Related segment produces pesticides, such as insecticides, fungicides and herbicides, and sells them in Japan through the National Federation of Agricultural Cooperative Associations (JA ZEN-NOH). The Segment is also involved in the import and export of agricultural chemicals, the sale of greening materials, as well as the comprehensive maintenance of golf courses. Chemical Products segment manufactures and sells chlorotoluene and chloroxylene chemicals, fine chemicals, industrial chemicals, as well as polystyrene foam, among others. The Company is also involved in the rental business, power generation and selling business, construction business, printing business, logistics business, as well as information service business.
KUMIAI CHEMICAL INDUSTRY CO., LTD. 
