KODAMA CHEMICAL INDUSTRY CO.,LTD. [4222.T]
TOKYO, Jun 10 (Pulse News Wire) – Kodama Chemical Industry CO.,LTD. (4222.T) announced today that its board of directors has approved a share buyback program based on Article 165(3) of the Companies Act, which allows for self-share repurchase.
The primary reason for the buyback is to align employee compensation with the company's growth through a restricted stock award system. Additionally, the move aims to achieve a total payout ratio of 10% or more during the medium-term management plan period, enhance shareholder returns, and implement flexible capital policies in response to changing business environments.
Key details of the buyback program include: - Type of shares: Ordinary shares - Maximum number of shares: 120,000 (representing 0.77% of outstanding shares excluding treasury shares) - Total value limit: ¥70 million - Duration: From August 13, 2026 to March 31, 2027 - Method: Through open-market purchases on the Tokyo Stock Exchange via a securities firm acting as agent As of August 12, 2026, prior to the commencement of the buyback period, the company held 98,854 treasury shares out of a total of 15,538,290 outstanding shares excluding treasury shares.
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