Nippon Soda Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 1.79% for ¥2,000 million.
November 08, 2023 at 01:00 am EST
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Nippon Soda Co., Ltd. (TSE:4041) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.79% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to improve the company's performance and enhance shareholder returns.
The program will run until March 22, 2024. As of September 30, 2023, the company had 27,888,732 shares in issue (excluding treasury stock) and 858,935 shares in treasury.
Nippon Soda Co., Ltd. is primarily engaged in the manufacture and sale of chemical products. The Chemical segment is engaged in the manufacture and sale of industrial chemicals, synthetic chemicals, dye products, functional materials, eco-care products, pharmaceuticals and medical intermediates, among others. The Agricultural Chemical segment is engaged in the manufacture and sale of fungicides, insecticides, miticides, herbicides and industrial fungicides. The Business Firms segment offers chemicals, synthetic resins, industrial machineries and devices, among others. The Transportation and Warehouse segment is engaged in the provision of warehouse and transportation services. The Construction segment is involved in the plant construction and civil engineering businesses. The Others segment is involved in the casting, processing and sale of alloy, the treatment of industrial wastes, the leasing of lands and equipment, the manufacture and sale of molded synthetic resin, among others.
NIPPON SODA CO., LTD. 
