Toagosei Co., Ltd. announces an Equity Buyback for 6,000,000 shares, representing 4.95% for ¥6,000 million.
February 10, 2023 at 10:30 am IST
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Toagosei Co., Ltd. (TSE:4045) announces a share repurchase program. Under the program, the company will repurchase 6,000,000 shares, representing 4.95% of its share capital, for ¥6,000 million. The company will repurchase its shares in order to further return profits to all shareholders, improve capital efficiency, expand corporate value and implement a flexible capital policy.
The program will run until December 31, 2023. As of December 31, 2022, the company had 121,105,217 shares outstanding (excluding treasury shares) and 994,783 shares in treasury.
TOAGOSEI CO., LTD. is a Japan-based company mainly engaged in the chemicals business and polymer and oligomer businesses. The Company operates through five business segments. The Basic Chemicals segment manufactures and sells sodium hydroxide, sodium hydroxide, sodium hypochlorite, sulfuric acid, industrial gases, and acrylic acid esters. The Polymer and Oligomer segment manufactures and sells acrylic polymers, polymer flocculants, and photo-curable resins. The Resin Processing Products segment manufactures and sells plumbing equipment products, building materials and civil engineering products, life support products, and elastomer compounds. The Adhesive Materials segment manufactures and sells instant adhesives and functional adhesives. The Advanced Inorganic Materials segment manufactures and sells high-purity inorganic chemicals and inorganic functional materials. It is also engaged in new products research and development business, transportation and trading company business.
TOAGOSEI CO., LTD. 
