Sankei Chemical Co., Ltd. announces an Equity Buyback for 14,000 shares, representing 1.44% for ¥14.14 million.
March 12, 2018 at 03:30 am EDT
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Sankei Chemical Co., Ltd. (FKSE:4995) announces a share repurchase program. Under the program, the company will repurchase 14,000 shares, representing 1.44% of the outstanding shares, at ¥1,010 per share for ¥14.14 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of February 28, 2018, the company had 971,754 shares outstanding and 47,946 shares in treasury.
SANKEI CHEMICAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of agrichemicals, as well as the agrichemical-related pest control business. The Agrichemicals and Agrichemical-related segment offers its agrochemical products and purchased products to Economic Federation of Agricultural Cooperatives and Agricultural Cooperatives through National Federation of Agricultural Cooperative Associations, as well as to others through trading companies, specified agents and its associated company.