Taiyo Kagaku Co.,Ltd. announces an Equity Buyback for 150,000 shares, representing 0.82% for ¥257.4 million.
July 22, 2019 at 03:30 am
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Taiyo Kagaku Co.,Ltd. (NSE:2902) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 0.82% of the outstanding shares, at ¥1,716 per share for ¥257.4 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of July 22, 2019, the company had 18,216,437 shares outstanding and 5,297,264 shares in treasury.
TAIYO KAGAKU CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of food ingredients such as emulsifiers and stabilizers for food and processed eggs. The Company operates through three business segments. Nutrition segment is involved in the manufacture and sale of functional food materials such as catechin, theanine and water-soluble dietary fiber, as well as mineral preparations and vitamin preparations. Interface Solution segment is involved in the manufacture and sale of quality improvers such as emulsifiers. Agri-Food segment is involved in the manufacture and sale of food ingredients including processed egg products, protein materials, instant food materials, processed fruit products and processed agricultural products, as well as quality improvers and stabilizers. The Company is also involved in the cooking and beverage related business.
TAIYO KAGAKU CO.,LTD. 
