Konishi Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 1.4% for ¥738.5 million.
October 23, 2020 at 03:30 am EDT
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Konishi Co., Ltd. (TSE:4956) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.4% of its share capital, at ¥1,477 per share for ¥738.5 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy, and improve corporate value by increasing capital efficiency. As of September 30, 2020, the company had 35,753,314 shares outstanding (excluding treasury shares) and 4,954,126 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. 
