C.I.TAKIRON Corporation announces an Equity Buyback for 46,400 shares, representing 0.05% for ¥36 million.
August 04, 2021 at 01:00 am
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C.I.TAKIRON Corporation (TSE:4215) announces a share repurchase program. Under the program, the company will repurchase up to 46,400 common shares, representing 0.05% of its issued and outstanding shares, for total worth of ¥36 million. The purpose of the plan is to avoid the acquisition of treasury stock necessary for the disposal of treasury stock as a transfer-restricted stock compensation and the dilution of the stock value due to the disposal, and to implement a flexible capital policy in response to changes in the business environment. The plan will be valid up to August 16, 2021. As of March 31, 2021, the company had 97,500,000 shares issued and outstanding and 20,387 shares in its treasury.
CI Takiron Corp is a Japan-based company mainly engaged in the manufacture, processing and sale of various resin products such as polyvinyl chloride, composite products of these resins and iron wire. The Company operates through four segments. The Building Materials segment manufactures, processes and sells corrugated sheets, polycarbonate plates, polycarbonate processed products, livestock materials, and fiber reinforced plastics (FRP) products. The Environmental Materials segment manufactures, processes and sells agricultural vinyl films, agricultural polyolefin (PO) films, agricultural related materials, packaging strings and ropes, and irrigation tubes. The High Performance Materials segment manufactures, processes and sells vinyl chloride plates, polycarbonate plates, and polyethylene terephthalate (PET) plates. The Functional Film segment manufactures, processes and sells heat shrinkable films for packaging, and zipper tapes. The Company also sells testing machines.
C.I.TAKIRON CORPORATION 
