Soda Nikka Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 4.23% for ?800 million.
November 15, 2021 at 07:00 am
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Soda Nikka Co., Ltd. (TSE:8158) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.23% of its issued share capital (excluding treasury stock), for ?800 million. The purpose of the program is to return profits to shareholders and implement agile capital policies in response to changes in the business environment. The program will run until March 31, 2022. As of November 1, 2021, the company had 23,668,337 shares in issue (excluding treasury stock) and 299,663 shares in treasury.
SODA NIKKA CO., LTD. is a Japan-based company mainly engaged in inorganic chemicals, organic chemicals and synthetic resins trading business. The Company operates through three business segments. Chemicals business sells soda products, secondary soda products, ammonia-based products, other inorganic chemicals, chlorine-based, fluorine-based, and petroleum-based solvents, petrochemicals, and organic fine chemicals to the markets of chemistry, paper pulp, food and detergents, and government agencies. Functional Materials business sells synthetic resin raw materials, synthetic resin products, glass fibers, packaging material products, construction, equipment, electronic materials, industrial materials, and resource recycling and processing agents to markets of food, resin processing, and electronics. Other business is engaged in the real estate leasing, warehousing and transportation, processing and sales of packaging materials, and consulting services.
SODA NIKKA CO., LTD. 