Konishi Co., Ltd. announces an Equity Buyback for 1,300,000 shares, representing 1.96% for ¥1,791.4 million.
February 21, 2024 at 02:00 am EST
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Konishi Co., Ltd. (TSE:4956) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 1.96% of its issued share capital, for ¥ 1791.4 million. The repurchase price will be ¥1,378 per share.
The purpose of the program is to return profits to shareholders and improve capital efficiency based on the capital policy of Mid-term Management Plan 2026. As of January 31, 2023, the company had 66,419,702 shares (excluding treasury stock) and 3,995,178 shares in treasury.
KONISHI CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of synthetic adhesives and sealants used mainly in the civil engineering construction field. The Company operates through three business segments. The Bond segment is involved in the manufacture and sale of industrial adhesives, general household adhesives, building adhesives, detached sealants, wall covering adhesives, waxes and adhesive tapes. The Civil Engineering segment is involved in the manufacture and sale of adhesives, repair materials and sealing materials used in civil engineering construction work, as well as the repair and reinforcement work in the infrastructure and stock markets. The Chemical Products segment is involved in the sale of industrial chemicals, synthetic resins, resin molded products, electronic component materials and thin film materials.
KONISHI CO., LTD. 
