Riken Technos Corporation's Equity Buyback in the amount of ¥221 mm has expired
May 31, 2013 at 05:00 am
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The Board of Directors of Riken Technos Corp. (TSE:4220) authorized a share repurchase program on November 26, 2012. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.65% of its outstanding shares for ¥221 million. The purpose of the program is to enable the implementation of a flexible capital policy which supports the changes in the business environment. The shares will be repurchased pursuant to paragraph 3, Article 165, of Japan's Corporate Law, as interpreted in lieu of Article 156 of Japan's Corporate Law. The program will commence from December 1, 2012 and will continue until May 31, 2013. As of October 31, 2012, the company has 60,482,214 outstanding shares excluding treasury and 5,631,605 shares in treasury.
On December 18, 2012, the Board announced that it will repurchase up to 150,000 shares, representing 0.25% of the issued capital, at a price of ¥224 million for ¥33.6 million in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The program will be made on December 19, 2012.
On December 19, 2012, the company completed the repurchase of 150,000 shares on the Tokyo Stock Exchange off-floor treasury share trading.
On March 7, 2013, the Board of Directors authorized the repurchase of 514,000 shares at a price of ¥265 million for ¥136.21 million in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The repurchase will be made on March 8, 2013.
On March 8, 2013, the repurchase tranche for 514,000 shares in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3) expired.
As of March 31, 2013, the company repurchased 664,000 shares, representing 1.09% for ¥169.81 million.
Riken Technos Corporation's share repurchase program expired on May 31, 2013.
RIKEN TECHNOS CORPORATION is a Japan-based company engaged in the manufacture and sale of compounds, films, food packaging materials and synthetic resin processing business. The Company operates through three business segments. The Compound segment is engaged in the manufacture and sale of pellet-like mixed synthetic resin as an intermediate material for plastic molded products. The Film segment is engaged in the manufacture and sale of raw materials of synthetic resins films and products with designs and functions. The Food Wrapping Film segment is mainly engaged in the manufacture and sale of synthetic resin films for food packaging.
RIKEN TECHNOS CORPORATION 
