Matsumoto Yushi Seiyaku Co., Ltd.'s Equity Buyback in the amount of ¥2024 mm has expired
January 22, 2013 at 11:00 pm EST
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The Board of Directors of Matsumoto Yushi Seiyaku Co., Ltd. (JASDAQ:4365) authorized a share repurchase program on January 22, 2013. Under the program, the company will repurchase up to 1,100,000 shares, representing 10.81% of its outstanding shares at a price of ¥1,840 per share for ¥2.02 billion. The shares will be repurchased from the Osaka Securities Exchange Treasury Shares Acquisition Trading in the J-NET Market. The purpose of the program is to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. The repurchases will be made on January 23, 2013. As of January 22, 2013, the company has 10,177,296 outstanding shares excluding treasury and 1,104,333 shares in treasury.
Matsumoto Yushi Seiyaku Co., Ltd.'s share repurchase program expired on January 23, 2013. Under the plan, the company repurchased 1,006,500 shares, representing 9.89% of its outstanding shares at a price of ¥1,840 per share for ¥1.85 billion.
MATSUMOTO YUSHI-SEIYAKU CO., LTD. is a Japan-based supplier of surfactants. The Company operates in two segments, including Japan and Indonesia. The surfactant business is primarily engaged in the production and sale of industrial surfactants for metals, can manufacturing and fiber uses. The others business is engaged in the production and sale of synthetic stabilizers and microspheres for fiber industry.