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Shin-Etsu Chemical Completes Share Buyback via Tender Offer

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Shin-Etsu Chemical (TYO:4063) has completed its tender offer to repurchase nearly 10.1 million of its own shares at 5,235 yen each, with the offer period running from May 21 to June 17.

The offer was oversubscribed, with 10.15 million shares tendered, leading the company to apply a pro-rata allocation method for final purchases, according to a Tokyo bourse filing on Thursday.

The buyback is part of a larger board-authorized program of up to 45 million shares and 250 billion yen, set to run through April 2027.

Settlement for the tender offer is scheduled to begin on July 9 through Nomura Securities. No excess shares were purchased beyond the planned 10.1 million shares.

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