Shikoku Kasei Holdings Corporation
Notice Regarding Resolution on Share Buyback
As part of its shareholder value enhancement policy, to improve capital efficiency and supply-demand stability, treasury stock will be acquired up to 1,800,000 shares (2.1% of issued shares) for up to 4.0 billion yen in total. It is part of a flexible capital policy in anticipation of a secondary offering. The acquisition period runs from the date the offering price is determined until December 31, 2026.
Key Figures
- Total number of shares to be acquired: 1,800,000 shares (upper limit)
- Total share of shares outstanding that may be acquired: 2.1% of issued shares
- Total amount of acquisition: 4,000,000,000 yen (upper limit)
AI要約
Overview
At today's Board of Directors meeting, treasury stock acquisition was resolved as part of capital efficiency improvement and shareholder return. The target is our common shares, with a total acquisition up to 1,800,000 shares, up to 4,000 million yen, to be implemented through market purchases. It also notes the aim to mitigate supply-demand impact arising from a potential secondary offering. The acquisition period is from the date the offering price is determined to December 31, 2026.
Impact and Outlook
In line with the long-term vision 'Challenge 1000' and its targets for payout ratio and total return on equity, the policy intends to pursue progressive dividends with a DOE3% indicator, and will operate the capital policy proactively. The treasury stock acquisition is positioned as a concrete measure to stabilize supply-demand and improve capital efficiency, with the schedule determined by the date range of the offering and the offering price determination date.
Shikoku Kasei Holdings Corporation
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