Osaka Soda Co., Ltd. announces an Equity Buyback for 700,000 shares, representing 2.7% for ¥2,000 million.
November 07, 2022 at 01:00 am EST
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Osaka Soda Co., Ltd. (TSE:4046) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 2.70% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency.
The program will run until February 28, 2023. As of September 30, 2022, the company had 25,934,465 shares outstanding (excluding treasury shares) and 797,552 shares in treasury.
OSAKA SODA CO., LTD. is a Japan-based chemical manufacturer that has three business segments. The Basic Chemical Product segment manufactures and sells caustic soda, hydrochloric acid, liquid chlorine, chlorine gas, sodium hypochlorite, sodium chlorite soda, caustic potash, hydrogen gas, epichlorohydrin, allyl chloride and others. The Functional Chemical Product segment manufactures and sells allyl ethers, epichlorohydrin rubber, dap resin, modifiers for energy saving tires, purified pharmaceutical materials, optical active materials, pharmaceutical active ingredients, intermediates, electrodes and lens materials, among others. The Housing Facility and Others segment is engaged in the provision of duping materials, housing related products.
OSAKA SODA CO., LTD. 