TOKYO, May 14 (Pulse News Wire) – Kaneka Corporation (4118.T) decided during its board meeting held, to repurchase up to 1.4 million shares of its common stock, representing approximately 1.48% of the outstanding shares excluding treasury stocks. The total amount for the repurchase will be capped at ¥14 billion.
The repurchase period will run from May 15, 2026, to March 31, 2027, through open market purchases on the Tokyo Stock Exchange, including ToSTNeT-3 transactions. Additionally, the company resolved to cancel 2.77 million shares of its own ordinary stock on March 31, 2027.
As of March 24, 2027, Kaneeka had 166.6 million shares outstanding excluding treasury stocks and held ¥2.77 million treasury shares. This decision aims to enhance shareholder value and implement flexible capital policies in response to changing business environments.
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