Bando Chemical Industries, Ltd. announces an Equity Buyback for 1,500,000 shares, representing 3.35% for ¥1,000 million.
May 12, 2022 at 02:00 am EDT
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Bando Chemical Industries, Ltd. (TSE:5195) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 3.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to carry out agile capital policies and shareholders return measures in response to changes in the business environment.
The program will continue through March 31, 2023. As of March 31, 2022, the company had 44,781,567 issued shares (excluding treasury stock) and 2,431,969 treasury shares.
Bando Chemical Industries, Ltd. is a company mainly engaged in the manufacture and sale of automotive parts, industrial materials and high performance elastomer products. The Company operates through three segments. Its Automotive Parts segment involves in the manufacture and sale of transmission belt products for automobiles and motorcycles. Industrial Materials segment is engaged in the manufacture and sale of general industrial transmission belt products, other transmission products, carrying belt, transportation system products, and razor rolls. Its High Performance Elastomer Products segment is involved in the manufacture and sale of cleaning blade, high function roller and precision belt, among others. In addition, it is also engaged in the robot related business, import and export business, real estate business, insurance agency business and photovoltaic power generation business, among others.
BANDO CHEMICAL INDUSTRIES, LTD. 
