Shin-Etsu Chemical finalizes terms for ¥399.9bn share repurchase

Shin-Etsu Chemical (TSE:4063) today announced the successful completion of its share repurchase through the Tokyo Stock Exchange's ToSTNeT-3 system, paving the way for the finalization of terms for the 20th through 24th issuances of share warrants via third-party allotment. The company acquired 87,393,400 of its own shares at a total cost of JPY399,999,591,800 as part of a commitment to return profits to shareholders. Of this total, 86,595,300 shares were purchased from Nomura Securities, with an adjustment transaction planned to ensure an average acquisition price. As a result of the completed repurchase, terms are set for issuing share warrants, with exercisable shares capped at 86,595,500. These issuances form a Japanese Accelerated Share Repurchase (ASR) strategy, and demonstrate Shin-Etsu Chemical's focus on balancing business growth with shareholder value. The repurchase falls under a broader initiative announced on April 25, 2025, authorizing the purchase of up to 200 million shares for a maximum of JPY500 billion.