Kumiai Chemical Industry Co., Ltd. announces an Equity Buyback for 5,000,000 shares, for ¥5,500 million.
March 12, 2021 at 01:00 am EST
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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 5,000,000 shares, representing 4% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,500 million. The purpose of the program is to increase earnings per share as part of improving capital efficiency and returning profits to shareholders and to implement agile capital policies in response to changes in the business environment. The program will be valid till March 14, 2022. As of October 31, 2020, the company had 125,048,117 issued shares (excluding treasury stock) and 8,136,495 treasury shares.
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. 
