Nissan Chemical : Notice Regarding Status of Repurchase of the Company’s Own Shares
June 02, 2023 at 02:07 am EDT
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To whom it may concern June 2, 2023 Company name: Nissan Chemical Corporation
Representative: YAGI Shinsuke, President
(Code number: 4021, TSE Prime Market)
Notice Regarding Status of Repurchase of the Company's Own Shares
This is to notify that Nissan Chemical Corporation purchased its shares in the market under Article 156 of the Companies Act, as applied pursuant to Article 165, Paragraph 3 of the same Act.
Purchase period (Contract basis):
Class of shares purchased:
Total number of shares purchased:
Total purchase cost:
Method of purchase:
From May 16, 2023 to May 31, 2023 Common shares
360,000 shares
2,203,598,000 yen
Purchased on the Tokyo Stock Exchange
Reference
1. Details of the resolution at the Board of Directors' meeting held on May 15, 2023
(1) Class of shares:
Common shares of the company
(2) Total number of shares:
Up to 1,250,000 shares
(0.89% of total shares outstanding, excluding treasury shares)
(3) Total amount:
Up to 5,000,000,000 yen
(4) Period of repurchase:
From May 16, 2023 to July 28, 2023
2. Total number of shares repurchased in accordance with the above Board of Directors' meeting resolution (As of May 31, 2023)
Total number of shares purchased: 360,000 shares
(2) Total purchase cost:
2,203,598,000 yen
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 02 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2023 06:06:02 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%).