Sumitomo Seika Chemicals Sets Share Buyback and Cancellation Plan

Sumitomo Seika Chemicals Company, Limited. [4008.T]

TOKYO, May 12 (Pulse News Wire) – Sumitomo Seika Chemicals Company,limited. (4008.T) announced today that its board of directors has decided on a share buyback and cancellation plan based on provisions of the Companies Act and the company's articles of incorporation.

The primary reasons for the actions are to enhance capital efficiency and strengthen shareholder returns while enabling flexible capital management strategies. The company plans to repurchase up to 840,000 shares (approximately 1.3% of outstanding shares excluding treasury stock) during the period from May 13, 2026, to September 30, 2026, through open-market purchases via entrusted transactions with securities firms. The total amount for the buyback is capped at ¥1 billion.

Following the completion of the buybacks, all acquired shares will be canceled on October 30, 2026. As of March 31, 2026, the company held 1,055,039 shares (equivalent to 5,275,195 pre-split shares). Post-split, the total number of outstanding shares excluding treasury stock stands at 12,936,757 (or 64,683,785 pre-split shares).

The company stated that there will be no impact on the fiscal year ending March 2027 due to this decision.

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