Tokyo Ohka Kogyo Co., Ltd. announces an Equity Buyback for 1,800,000 shares, representing 4.31% for ¥10,000 million.
August 05, 2021 at 02:00 am EDT
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Tokyo Ohka Kogyo Co., Ltd. (TSE:4186) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 4.31% of its issued shares excluding treasury for ¥10,000 million. The purpose of the program is to carry out dynamic capital strategies and to promote returns to shareholders corresponding to the changes in the business environment. The program will be valid till December 23, 2021. As of July 30, 2021, the company had 41,811,843 outstanding shares and 3,288,157 shares in treasury.
TOKYO OHKA KOGYO CO., LTD. is a Japan-based company mainly engaged in manufacturing and sales of materials and equipment. The Company operates in two segments. The Materials segment is mainly engaged in manufacturing and sales of electronics functional materials and high purity chemicals. The Equipment segment is mainly engaged in manufacturing, sales and maintenance of processing equipment for semiconductors and displays. The Company operates in Japan, Taiwan, South Korea, the United States, etc.
TOKYO OHKA KOGYO CO., LTD. 
