Sekisui Chemical Co., Ltd. announces an Equity Buyback for 7,000,000 shares, representing 1.6% for ¥14,000 million.
October 27, 2022 at 12:30 am EDT
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Sekisui Chemical Co., Ltd. (TSE:4204) announces a share repurchase program. Under the program, the company will repurchase 7,000,000 shares, representing 1.6% of its share capital, for ¥14,000 million. The company will repurchase its shares in order to improve capital efficiency, and to allow flexible capital policies corresponding to changes in the business environment.
The repurchased shares will be cancelled. The program will run until March 31, 2023. As of September 30, 2022, the company had 437,580,902 shares outstanding (excluding treasury shares) and 25,926,383 shares in treasury.
Sekisui Chemical Co., Ltd. is a company that operates in four business segments .The Housing segment is engaged in the manufacture, construction, sale and renovation of unit housing, the sale of land for subdivision, the provision of reform services, as well as the construction and sale of interior items, exterior items and real estate. The Environment and Life Line segment offers vinyl chloride pipe and fittings, polyethylene pipe and fittings, system pipe, aqueduct/water conduit rehabilitation materials, reinforced plastic composite pipes, and building materials, among others. The High-performance Plastics segment offers intermediate films for laminated glass, foamed polyolefin, tapes, particulate for liquid crystal and sensitive materials and test drug, among others. The Others segment is engaged in the manufacture and sale of film type lithium ion battery, as well as the provision of other products and services.
SEKISUI CHEMICAL CO., LTD. 
