Adeka Corporation announces an Equity Buyback for 323,000 shares, for ¥865.64 million.
September 17, 2021 at 08:30 am
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Adeka Corporation (TSE:4401) announces a share repurchase program. Under the program, the company will repurchase up to 323,000 shares, representing 0.31% for ¥865.64 million. The shares will be repurchased at a price of ¥2,680 per share. The purpose of the program is to improve capital efficiency and acquire treasury stock in preparation for a flexible capital strategy in the future. The program will expire on September 21, 2021. As of March 31, 2021, the company had 103,707,320 shares in issue and 7,122 shares in treasury.
ADEKA CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of chemical products and food ingredients. The Company operates through three business segments. The Chemicals segment manufactures and sells resin additive products such as flame retardants; information and electric chemical products such as ultrapure semiconductor materials, light curing resin and others; functional chemical products such as additives, fire retardant, interfacial active agents and kitchen cleaning agents and others. The Life Sciences segment manufactures and sells agricultural chemicals, pharmaceuticals, quasi-drugs, veterinary medicines, wood medicines, and medical materials. The food segment manufactures and sells margarines, fats and oils for chocolate and others. The Company is also involved in the equipment plant design, construction and construction management, equipment maintenance, logistics, warehousing, leasing of vehicles, real estate, insurance agency and others.
ADEKA CORPORATION 
