TOPPAN Holdings Inc. announces an Equity Buyback for 39,000,000 shares, representing 12.31% for ¥100,000 million.
May 13, 2024 at 02:00 am EDT
Share
Toppan Inc. (TSE:7911) announces a share repurchase program. Under the program, the company will repurchase up to 39,000,000 shares, representing 12.31% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100,000 million. The purpose of the program is to enhancing shareholder returns and improving capital efficiency.
The program will continue through May 13, 2025. As of April 30, 2024, the company had 316,771,357 issued shares (excluding treasury stock) and 11,934,883 treasury shares.
Toppan Inc. (formerly Toppan Printing Co., Ltd.) specializes in printing services. Net sales break down by activity as follows:
- information and communication media printing (57.6%): smart cards, identity authentication systems, commercial forms, labels, booklets, manuals, lottery tickets, brochures, calendars, books, dictionaries, magazines, catalogs, etc.;
- packaging and industrial materials printing (28.2%): food packaging, card boxes, papers, interior decoration materials, etc.;
- manufacturing of electronic materials (14.2%): semiconductors, filters and antireflection for screens films, etc.
Net sales are distributed geographically as follows: Japan (72.1%), Asia (15.9%) and other (12%).
TOPPAN INC. 
