Tohoku Chemical Co., Ltd. announces an Equity Buyback for 12,000 shares, representing 1.32% for ?38.4 million.
November 12, 2021 at 02:30 am EST
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Tohoku Chemical Co., Ltd. (JASDAQ:7446) announces an share repurchase program. Under the program the company will repurchase 12,000 shares, representing 1.32% of the outstanding shares (excluding treasury), at ?3,200 per share for ?38.4 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program is valid till November 15, 2021. As of November 12, 2021, the company had 912,023 shares outstanding (excluding treasury stock) and 47,977 shares in treasury.
TOHOKU CHEMICAL CO., LTD. is a Japan-based company mainly engaged in the sale of industrial chemicals, clinical test reagents, foods, agrochemical materials and related equipment. The Company operates in four business segments. The Industrial Chemical segment provides industrial chemicals, such as soda chemicals, organic and inorganic chemicals, semiconductor chemicals, functional chemicals of synthetic resin and epidemic control insecticide, and related equipment, including analyzers, educational aids, measuring equipment, pollution control equipment. The Clinical Test Reagent segment provides clinical test reagents, such as reagents for hematology, biochemistry, endocrinology, immunoserology and bacteriology, and related equipment, including special consumables, testing consumables and medical hygienic products. The Food segment provides foods, food additives and food processing equipment. The Others segment provides agrochemicals and related equipment.
TOHOKU CHEMICAL CO., LTD. 
