Nippon Shokubai Reports Treasury Stock Buyback Progress

Nippon Shokubai Co., Ltd. (JP:4114) has released an update.

Nippon Shokubai Co., Ltd. has announced the acquisition of 732,300 shares of its own common stock, amounting to a total purchase cost of approximately 1.24 billion yen, executed between September 1 and September 30, 2024. This buyback is part of a larger program approved on May 13, 2024, allowing for the repurchase of up to 4 million shares, with an upper limit of 5 billion yen in costs, by February 2025. To date, the company has bought back 2.5 million shares for around 4.1 billion yen under this scheme.

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