Nihon Kagaku Sangyo Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.51% for ¥450 million.
June 14, 2023 at 03:40 am EDT
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Nihon Kagaku Sangyo Co., Ltd. (TSE:4094) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.51% of its total shares outstanding excluding treasury shares, for a total of ¥450 million. The purpose of the repurchase program is to enable the company to implement a flexible capital policy in response to changes in the business environment.
The share repurchase program is valid until March 29, 2024. As of March 31, 2023, the company had 19,812,949 shares outstanding excluding treasury shares and had 867,051 shares in treasury.
NIHON KAGAKU SANGYO CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of chemicals and building materials. The Company operates in two business segments. The Chemicals segment is engaged in the manufacture and sale of metal compounds such as copper, tin, nickel and cobalt chemicals, metal soaps such as octylic acid, battery chemicals, gloss agents and additives for surface treatment, and electroless nickel plating liquids, as well as the processing of cathode materials for secondary batteries, and the plating processing business. The Building Materials segment is engaged in the manufacture and sale of house building products such as fireproof ventilation corner beads, seismic reinforcing materials, interior partition walls, post boxes, balustrades and copings, metal shutters, as well as heat-exchange equipment and others.
NIHON KAGAKU SANGYO CO., LTD. 
