Sakai Chemical Industry Co., Ltd. announces an Equity Buyback for 800,000 shares, representing 4.57% for ¥2,000 million.
July 23, 2018 at 07:00 am
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Sakai Chemical Industry Co., Ltd. (TSE:4078) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 4.57% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to improve its shareholder value per share, and its capital efficiency. The share repurchase program will run until December 20, 2018. As of June 30, 2018, the company had 17,512,962 shares outstanding (excluding treasury shares) and 3,474,949 shares in treasury.
SAKAI CHEMICAL INDUSTRY CO., LTD. is a Japan-based company principally manufactures and sells chemical industry products. The Company operates in two business segments. Chemical segment is involved in the manufacture and sale of chemical products. Main products include titanium products, resin additives, barium products, catalyst products, electronic materials, zinc products, functional materials, and other chemicals such as organophosphorus compounds, organic sulfur compounds, as well as water treatment agents, among others. Medical segment is involved in the manufacture and sale of pharmaceuticals and quasi drugs. Main products include barium X-ray contrast media, medical drugs for peptic ulcer & reflux esophagitis, general drugs such as cold and gastrointestinal drugs, functional foods, as well as other products such as medical devices, among others.
SAKAI CHEMICAL INDUSTRY CO., LTD. 
