SK Kaken Co., Ltd. announces an Equity Buyback for 10,000 shares, representing 0.07% for ¥86.3 million.
June 01, 2016
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SK Kaken Co. Ltd. (JASDAQ:4628) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.07% of the shares outstanding excluding treasury shares, at a price of ¥8,630 per share for a total of ¥86.3 million. The shares will be repurchased through the Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. As of June 2, 2016, the company had 13,512,170 shares outstanding excluding treasury shares and had 2,161,715 shares in treasury.
SK KAKEN CO.,LTD. is a Japan-based company principally engaged in the manufacture and sale of architectural finishing coating materials and fireproof insulation materials. The Company operates in two business segments. Building Finish Coating segment is involved in the production of organic inorganic water-based coatings, synthetic resin paints, inorganic paints, inorganic building materials, as well as the conduct of special finishing work on buildings. Refractory Insulation segment is involved in the production of insulation materials, refractory coatings, refractory paints, as well as the conduct of refractory insulation work. The Company is also involved in the manufacture and sale of detergents and diluents.
SK KAKEN CO.,LTD. 
