Tranche Update on Nippon Denko Co., Ltd.'s Equity Buyback Plan announced on November 8, 2022.
March 17, 2023 at 02:00 am EDT
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From January 1, 2023 to March 15, 2023, the company has repurchased 2,694,800 shares, representing 1.93% for ¥1,000.02 million. With this, the company has completed the repurchase of 9,775,400 shares, representing 6.75% for ¥3,999.99 million under the buyback announced on November 8, 2022.
Nippon Denko Co., Ltd. is mainly engaged in the manufacture of ferro-alloy products, functional materials and environmental systems. The Company operates in four segments. The Ferro-alloy segment manufactures and sells ferromanganese, silicon manganese, ferrochromium, ferrosilicon, ferrovanadium and other special metal products, as well as the sale of manganese ore. The Functional Materials segment offers ferro-boron, chromium metals, zirconium oxide and lithium-ion secondary battery materials, among others. The Environmental System segment is involved in the collection of chromium acid, boric acid, nickel and others, and the water supply business. The Others segment is involved in the sale of industrial chemicals, metal products and precious metal compounds, the manufacture and sale of analyzers and aluminum electrode foils for the steel industry, and electrode foils, the processing and sale of plastic, and the recycling and sale of concrete wastes.
NIPPON DENKO CO., LTD. 
