Nissan Chemical : Notice Regarding Repurchase of the Company's Own Shares
May 15, 2023 at 02:18 am EDT
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To whom it may concern
May 15, 2023 Company name: Nissan Chemical Corporation Representative: YAGI Shinsuke, President (Code number: 4021, TSE Prime Market)
Notice Regarding Repurchase of the Company's Own Shares
This is to notify that the company, at the Board of Directors' meeting held on May 15, 2023, has decided to repurchase its shares in the market under Article 156 of the Companies Act, as applied pursuant to Article 165, Paragraph 3 of the same Act.
1. Purpose of repurchase
To facilitate flexible implementation of capital policy in response to changes in the business environment.
2. Details of repurchase
(1)
Class of shares:
Common shares of the company
(2)
Total number of shares:
Up to 1,250,000 shares
(0.89% of total shares outstanding, excluding treasury shares)
(3)
Total amount:
Up to 5,000,000,000 yen
(4)
Period of repurchase:
From May 16, 2023 to July 28, 2023
(For reference)
Number of treasury shares as of May 15, 2023
-Total number of shares issued (excluding treasury shares):
140,423,428 shares
-Number of treasury shares:
176,572 shares
* Not including 152,500 shares of treasury shares which the Board Benefit Trust (BBT) has hold.
Contact information for inquiries on the above
Nissan Chemical Corporation
Finance and Accounting Department
TEL: 81-3-4463-8401
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Nissan Chemical Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:16:51 UTC.
Nissan Chemical Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- performance materials (30.2%): polyimide resins, colloids, silicas, inorganic materials, etc. for the manufacturng of electronic products (semiconductors, LCD displays, etc.);
- agrochemical products (25.1%): insecticides (Sanmite, Starmite, Mito-Kohne, Leimay and Ikaruga brands), herbicides (Roundup, Targa, Sirius and Permit), fertilizers, etc.;
- basic chemicals and fine chemicals (11.3%): melamine, sulfuric acid, nitric acid, ammonia, etc.;
- pharmaceutical products (2.9%): primarily for treatment of angina, hypertension, cholesterol, etc.;
- other (25.8%).
The remaining sales (25.8%) are from the chemicals trading activity.
Net sales break down geographically as follows: Japan (47.7%), China (14.5%), Korea (10.3%), Asia (13.8%), Europe and the United States (13.7%).
NISSAN CHEMICAL CORPORATION 
