Maruo Calcium Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 3.45% for ¥116.4 million.
February 07, 2020 at 07:00 am
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Maruo Calcium Co., Ltd. (TSE:4102) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 3.45% of its share capital, at ¥1,455 per share for ¥116.4 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of December 31, 2019, the company had 2,321,271 shares outstanding (excluding treasury shares) and 33,929 shares in treasury.
Maruo Calcium Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of calcium carbonate and related business. The Company is engaged in the manufacture and sale of various types of calcium carbonate used in synthetic resins, paints, reinforcing fillers for rubber, and chemicals and food additives. The main products are compounded calcium carbonate and heavy calcium carbonate. The Company is also engaged in the purchase and sale of inorganic chemicals such as talc and silica.
MARUO CALCIUM CO., LTD. 
