Inabata & Co.,Ltd. announces an Equity Buyback for 1,200,000 shares, representing 2.11% for ¥4,000 million.
February 08, 2023 at 12:00 am EST
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Inabata & Co.,Ltd. (TSE:8098) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 2.11% of its issued share capital (excluding treasury stock), for ¥4,000 million. The purpose of the program is to improve capital efficiency.
The program will expire on July 31, 2023. As of January 31, 2023, the company had 56,983,674 issued shares (excluding treasury stock) and 130,453 treasury shares.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.
INABATA & CO.,LTD. 
