Matsumoto Yushi Seiyaku Co., Ltd. announces an Equity Buyback for 35,000 shares, representing 1.07% for ¥350 million.
March 01, 2017
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Matsumoto Yushi Seiyaku Co., Ltd. (JASDAQ:4365) announces a share repurchase program. Under the program, the company will repurchase 35,000 shares, representing 1.07% of the outstanding shares, at ¥10,000 per share for ¥350 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of February 28, 2017, the company had 3,266,998 shares outstanding and 1,245,653 shares in treasury.
MATSUMOTO YUSHI-SEIYAKU CO., LTD. is a Japan-based supplier of surfactants. The Company operates in two segments, including Japan and Indonesia. The surfactant business is primarily engaged in the production and sale of industrial surfactants for metals, can manufacturing and fiber uses. The others business is engaged in the production and sale of synthetic stabilizers and microspheres for fiber industry.