Taiyo Kagaku Co.,Ltd. announces an Equity Buyback for 300,000 shares, representing 1.66% for ¥540 million.
March 08, 2021 at 02:30 am EST
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Taiyo Kagaku Co.,Ltd. (NSE:2902) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.66% of the outstanding shares for ¥540 million. The shares will be repurchased at ¥1,800 per share. The purpose of the program is to enable more flexible execution of capital policies in order to respond quickly to changes in the business environment. The program will expire on March 9, 2021. As of March 8, 2021, the company had 18,125,417 shares outstanding and 5,388,284 shares in treasury.
TAIYO KAGAKU CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of food ingredients such as emulsifiers and stabilizers for food and processed eggs. The Company operates through three business segments. Nutrition segment is involved in the manufacture and sale of functional food materials such as catechin, theanine and water-soluble dietary fiber, as well as mineral preparations and vitamin preparations. Interface Solution segment is involved in the manufacture and sale of quality improvers such as emulsifiers. Agri-Food segment is involved in the manufacture and sale of food ingredients including processed egg products, protein materials, instant food materials, processed fruit products and processed agricultural products, as well as quality improvers and stabilizers. The Company is also involved in the cooking and beverage related business.
TAIYO KAGAKU CO.,LTD. 
