Osaka Soda Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 0.39% for ¥800 million.
February 09, 2024 at 03:00 am EST
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Osaka Soda Co., Ltd. (TSE:4046) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.39% of its share capital (excluding treasury shares), for ¥800 million. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment.
The program will run until February 29, 2024. As of December 31, 2023, the company had 25,441,789 shares outstanding (excluding treasury shares) and 1,290,228 shares in treasury.
OSAKA SODA CO., LTD. is a Japan-based chemical manufacturer that has three business segments. The Basic Chemical Product segment manufactures and sells caustic soda, hydrochloric acid, liquid chlorine, chlorine gas, sodium hypochlorite, sodium chlorite soda, caustic potash, hydrogen gas, epichlorohydrin, allyl chloride and others. The Functional Chemical Product segment manufactures and sells allyl ethers, epichlorohydrin rubber, dap resin, modifiers for energy saving tires, purified pharmaceutical materials, optical active materials, pharmaceutical active ingredients, intermediates, electrodes and lens materials, among others. The Housing Facility and Others segment is engaged in the provision of duping materials, housing related products.
OSAKA SODA CO., LTD. 
