Riso Kagaku Corporation TSE:6413
Riso Kagaku : Notice Regarding Decision on Matters Concerning Purchase of Treasury Stock
Source: MarketScreener
Translation
July 30 2024 | |
Company name: | RISO KAGAKU CORPORATION |
Listing: | Tokyo Stock Exchange Prime Market |
Stock code: | 6413 |
Representative: | Akira Hayama, President & CEO |
Inquiries: | Shoichi Ikejima, Managing Director and General Manager of Corporate Headquarters |
TEL: +81-3-5441-6611 (from overseas) |
Notice Regarding Decision on Matters Concerning Purchase of Treasury Stock
(Purchase of treasury stock pursuant to the provisions of Article 165, Paragraph 2 of the Corporate Law)
RISO KAGAKU CORPORATION (the “Company”) announced that its Board of Directors resolved at the meeting held on July 30, 2024 to purchase treasury stock as described below, pursuant to the provisions of Article 156 of the Corporate Law as applied by replacing the relevant terms pursuant to the provisions of Article 165, Paragraph 3 of the same Law.
1. Reason for purchase of treasury stock
The Company will conduct the purchase of treasury stock to carry out capital management that allows the Company to respond quickly to changes in the business environment and to distribute earnings to shareholders.
2. Details of purchase | |
(1) Type of shares to be purchased: | Common stock of the Company |
(2) Number of shares to be purchased: Up to 200,000 shares | |
(Ratio against the total number of issued shares (excluding | |
treasury stock): 0.61%) | |
(3) Total purchase cost: | Up to 500,000,000 yen |
(4) Purchase period: | From August 19, 2024 to October 18, 2024 |
(based on commitment) | |
(5)Purchase method: | Purchased on the Tokyo Stock Exchange |
Total number of issued shares and treasury stock as of June 30, 2024 | |
- Total number of issued shares (excluding treasury stock): | 32,693,062 shares |
- Number of treasury stock: | 3,306,938 shares |