Nippon Shokubai Co., Ltd. announces an Equity Buyback for 4,000,000 shares, representing 2.59% for ¥5,000 million.
May 13, 2024 at 02:00 am
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Nippon Shokubai Co., Ltd. (TSE:4114) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.59% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to improve the shareholder return as well as capital efficiency and to implement flexible capital policy in
response to change in the business environment. The program will be valid till February 28, 2025. As of March 31, 2024, the company has 154,642,750 issued shares (excluding treasury stock) and 1,357,240 treasury shares.
NIPPON SHOKUBAI CO., LTD. is engaged in the manufacture and sale of chemicals. The Company has three business segments. The Basic Chemical segment manufactures and sells acrylic acid, acrylic acid ester, ethylene oxide, ethylene glycol, ethanolamine, and glycol ethers. The Functional Chemical segment is involved in the manufacture and sale of water-absorbing resins, medical intermediates, polymers for concrete admixtures, electronic information materials, iodine, maleic anhydrides, adhesives, resins for coating materials, resin molding products and processed adhesive products. The Environmental and Catalytic segment manufactures and sells automobile catalysts, nitrogen oxide (NOx) removal catalysts, process catalysts and others.
NIPPON SHOKUBAI CO., LTD. 
