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NIPPON KAYAKU rises for third straight day on share buyback and cancellation announcement

Wed May 13, 2026 9:38 am JST Catalyst

NIPPON KAYAKU CO., LTD. <4272> rose for a third straight session. After the close on May 12, the company announced a share buyback program of up to 13,000,000 shares, or 8.75% of its outstanding stock excluding treasury shares, for a total of 15 billion yen. The buyback period runs from May 13 to March 31, 2027. NIPPON KAYAKU will also cancel 11,300,000 treasury shares, equivalent to 7.06% of its issued stock, on May 22. The market welcomed the shareholder return measures, fueling buying interest.

Concurrently, NIPPON KAYAKU issued its forecast for the fiscal year ending March 2027, projecting revenue of 260.6 billion yen (up 7.8% year-on-year), operating profit of 25.4 billion yen (up 13.1%), and net profit of 22.3 billion yen (down 9.5%). The company plans to expand its lineup and sales of airbag inflators and seatbelt pretensioner generators, while anticipating growth in functional materials for advanced sectors such as AI and high-end servers.

For the fiscal year ended March 2026, the company reported revenue of 241.85 billion yen (up 8.7% year-on-year), operating profit of 22.45 billion yen (up 10.1%), and net profit of 24.64 billion yen (up 40.7%).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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