Nippon Kayaku completes first tranche of share buyback program

Nippon Kayaku (TSE:4272) announced today that it has completed the first tranche of its share repurchase program. The company acquired 1,481,600 of its own common shares at a total cost of JPY 1,922,490,000 during the month of June 2025. These shares were purchased on the Tokyo Stock Exchange. The buyback is part of a larger program approved by the board on March 28, 2025, which authorizes the company to repurchase up to 14,000,000 shares, representing 8.76% of outstanding shares (excluding treasury stock), for a total amount of up to JPY 17,000,000,000. The overall repurchase program runs from April 14, 2025, to March 31, 2026. As of June 30, 2025, Nippon Kayaku has cumulatively repurchased 3,987,800 shares at a total cost of JPY 5,203,783,950 under the board resolution.