Nissan Chemical : Notice Regarding Cancellation of Treasury Shares
August 23, 2022 at 02:16 am EDT
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To whom it may concern
August 23, 2022
Company name: Nissan Chemical Corporation
Representative: YAGI Shinsuke, President
(Code number: 4021, TSE Prime Market)
Notice Regarding Cancellation of Treasury Shares
This is to notify that the Company, at the Board of Directors' meeting held on August 23, 2022, has decided to cancel its own shares under Article 178 of the Japanese Corporation Act.
Class of shares to be cancelled:
Number of shares to be cancelled:
Scheduled date of cancellation:
Common shares of the company 700,000 shares
(0.49% of issued shares prior to cancellation) August 31, 2022
Reference
Number of issued shares subsequent to cancellation (including treasury shares): 141,300,000 shares
Contact information for inquiries on the above
Nissan Chemical Corporation
Finance and Accounting Department
TEL: 81-3-4463-8401
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Nissan Chemical Corporation published this content on 23 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2022 06:15:02 UTC.
Nissan Chemical Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- performance materials (30.2%): polyimide resins, colloids, silicas, inorganic materials, etc. for the manufacturng of electronic products (semiconductors, LCD displays, etc.);
- agrochemical products (25.1%): insecticides (Sanmite, Starmite, Mito-Kohne, Leimay and Ikaruga brands), herbicides (Roundup, Targa, Sirius and Permit), fertilizers, etc.;
- basic chemicals and fine chemicals (11.3%): melamine, sulfuric acid, nitric acid, ammonia, etc.;
- pharmaceutical products (2.9%): primarily for treatment of angina, hypertension, cholesterol, etc.;
- other (25.8%).
The remaining sales (25.8%) are from the chemicals trading activity.
Net sales break down geographically as follows: Japan (47.7%), China (14.5%), Korea (10.3%), Asia (13.8%), Europe and the United States (13.7%).