Toppan Inc. announces an Equity Buyback for 21,000,000 shares, representing 6.4% for ¥40,000 million.
May 12, 2023 at 02:00 am EDT
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Toppan Inc. (TSE:7911) announces a share repurchase program. Under the program, the company will repurchase up to 21,000,000 shares, representing 6.40% of its issued share capital (excluding treasury stock), for a total purchase price of ¥40,000 million. The purpose of the program is to enhancing shareholder returns and improving capital efficiency.
The program will continue through May 14, 2024. As of March 31, 2023, the company had 328,306,448 issued shares (excluding treasury stock) and 21,399,792 treasury shares.
Toppan Inc. (formerly Toppan Printing Co., Ltd.) specializes in printing services. Net sales break down by activity as follows:
- information and communication media printing (57.6%): smart cards, identity authentication systems, commercial forms, labels, booklets, manuals, lottery tickets, brochures, calendars, books, dictionaries, magazines, catalogs, etc.;
- packaging and industrial materials printing (28.2%): food packaging, card boxes, papers, interior decoration materials, etc.;
- manufacturing of electronic materials (14.2%): semiconductors, filters and antireflection for screens films, etc.
Net sales are distributed geographically as follows: Japan (72.1%), Asia (15.9%) and other (12%).
TOPPAN INC. 
