Kh Neochem advances share buyback amid strong results

Kh Neochem acquired 186,200 shares for JPY 500.7 million in July, bringing total buybacks to 1.7 million shares worth JPY 4.2 billion under its current program.

The chemical company reported first-half net sales rose 5.1% to JPY 58.8 billion, while operating income jumped 24.7% to JPY 6.0 billion and net income increased 18.9% to JPY 3.9 billion.

Full-year forecasts project net sales of JPY 127.4 billion and net income of JPY 10.0 billion.