Toyo Ink SC Holdings Co., Ltd. announces an Equity Buyback for 570,000 shares, representing 1.06% for ¥1,103.52 million.
August 05, 2022 at 08:00 am
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Toyo Ink SC Holdings Co., Ltd. (TSE:4634) announces a share repurchase program. Under the program, the company will repurchase up to 570,000 shares, representing 1.06% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,103.52 million. The shares will be repurchased at a price of ¥1,936 per share.
The company intends to accept the repurchase of a part of the company's shares held by Toppan Printing Co., Ltd. The purpose of the program is to enable the implementation of agile capital policies in response to changes in the business environment. The program will run until August 8, 2022. As of June 30, 2022, the company had 53,553,680 issued shares (excluding treasury stock) and 4,732,864 treasury shares.
Toppan Inc. (formerly Toppan Printing Co., Ltd.) specializes in printing services. Net sales break down by activity as follows:
- information and communication media printing (57.6%): smart cards, identity authentication systems, commercial forms, labels, booklets, manuals, lottery tickets, brochures, calendars, books, dictionaries, magazines, catalogs, etc.;
- packaging and industrial materials printing (28.2%): food packaging, card boxes, papers, interior decoration materials, etc.;
- manufacturing of electronic materials (14.2%): semiconductors, filters and antireflection for screens films, etc.
Net sales are distributed geographically as follows: Japan (72.1%), Asia (15.9%) and other (12%).
TOPPAN INC. 
