Taiyo Kagaku Co.,Ltd. announces an Equity Buyback for 800,000 shares, representing 4.49% for ¥1,353.6 million.
May 24, 2021 at 01:00 pm IST
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Taiyo Kagaku Co.,Ltd. (NSE:2902) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 4.49% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,353.6 million. The shares will be repurchased at a price of ¥1,692 per share. The purpose of the program is to enable more flexible execution of capital policies in order to respond quickly to changes in the business environment. The program will be valid till May 25, 2021. As of May 24, 2021, the company had 17,825,417 issued shares (excluding treasury stock) and 5,688,284 treasury shares.
TAIYO KAGAKU CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of food ingredients such as emulsifiers and stabilizers for food and processed eggs. The Company operates through three business segments. Nutrition segment is involved in the manufacture and sale of functional food materials such as catechin, theanine and water-soluble dietary fiber, as well as mineral preparations and vitamin preparations. Interface Solution segment is involved in the manufacture and sale of quality improvers such as emulsifiers. Agri-Food segment is involved in the manufacture and sale of food ingredients including processed egg products, protein materials, instant food materials, processed fruit products and processed agricultural products, as well as quality improvers and stabilizers. The Company is also involved in the cooking and beverage related business.
TAIYO KAGAKU CO.,LTD. 
