Nissan Chemical : Notice Regarding Cancellation of Treasury Shares
July 28, 2023 at 02:07 am
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To whom it may concern
July 28, 2023
Company name: Nissan Chemical Corporation Representative: YAGI Shinsuke, President (Code number: 4021, TSE Prime Market)
Notice Regarding Cancellation of Treasury Shares
This is to notify that the Company, at the Board of Directors' meeting held on July 28, 2023, has decided to cancel its own shares under Article 178 of the Companies Act.
1. Class of shares to be cancelled:
Common shares of the company
2. Number of shares to be cancelled:
800,000 shares
(0.57% of issued shares prior to cancellation)
3. Scheduled date of cancellation:
August 10, 2023
Reference
Number of issued shares subsequent to cancellation (including treasury shares): 139,800,000 shares
Contact information for inquiries on the above
Nissan Chemical Corporation
Finance and Accounting Department
TEL: 81-3-4463-8401
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Nissan Chemical Corporation published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 06:06:28 UTC.
Nissan Chemical Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- performance materials (30.2%): polyimide resins, colloids, silicas, inorganic materials, etc. for the manufacturng of electronic products (semiconductors, LCD displays, etc.);
- agrochemical products (25.1%): insecticides (Sanmite, Starmite, Mito-Kohne, Leimay and Ikaruga brands), herbicides (Roundup, Targa, Sirius and Permit), fertilizers, etc.;
- basic chemicals and fine chemicals (11.3%): melamine, sulfuric acid, nitric acid, ammonia, etc.;
- pharmaceutical products (2.9%): primarily for treatment of angina, hypertension, cholesterol, etc.;
- other (25.8%).
The remaining sales (25.8%) are from the chemicals trading activity.
Net sales break down geographically as follows: Japan (47.7%), China (14.5%), Korea (10.3%), Asia (13.8%), Europe and the United States (13.7%).