Moriroku Holdings Company, Ltd. announces an Equity Buyback for 600,000 shares, representing 4% for ¥1,000 million.
November 28, 2023 at 12:36 am EST
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Moriroku Holdings Company, Ltd. (TSE:4249) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 4% of its issued share capital for ¥1,000 million. The purpose of the program is to further improve capital efficiency and enhance shareholder returns, keeping in mind returns to the environment and society.
The program will expire on December 13, 2024. As of November 22, 2023, the company had 14,984,481 shares(excluding treasury stock) in outstanding and 475,519 shares in treasury.
Moriroku Co Ltd, formerly Moriroku Holdings Co Ltd, is a Japan-based company mainly engaged in the chemical business and resin processed products business. The Company operates through two segments. The Resin Processed Products business segment mainly manufactures and sells resin parts for automobiles. The main products include interior resin parts such as center panels, center consoles, and outlets, and exterior resin parts such as side sills, cowl tops, and tailgate spoilers. The Chemical business segment is primarily engaged in the sales, import and export of chemical products, and the manufacture and sale of synthetic resin processed products. This segment handles products in fields such as electrical and electronic materials, automotive materials, coatings, fine chemicals, household materials, and resin processed products.
MORIROKU HOLDINGS COMPANY, LTD. 