Toppan Inc. announces an Equity Buyback for 13,000,000 shares, representing 3.88% for ¥20,000 million.
February 09, 2022 at 01:00 am EST
Share
Toppan Inc. (TSE:7911) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 3.88% of its issued share capital (excluding treasury stock), for a total purchase price of ¥20,000 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency, and to enable flexible capital policies that respond to changes in the business environment.
The program will continue through November 30, 2022. As of December 31, 2021, the company had 335,401,041 issued shares (excluding treasury stock) and 14,305,199 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. 
