Nissin Foods renews connected transactions, forecasts revenue growth

Nissin Foods Company Limited has renewed its continuing connected transactions, including licensing, supply, and procurement agreements, for the years ending 31 December 2026, 2027, and 2028. These renewals cover agreements with Nissin Japan, Nissin Koikeya Foods, Nissin Shanghai Food Safety Institute, and Nissin Vietnam. Nissin Japan, the controlling shareholder, holds approximately 72.05% of the total issued shares.

For the 2nd Technology and Trademark Licensing Agreement, projected annual royalty payments to Nissin Japan Group are HK$29.0 million, HK$30.0 million, and HK$32.0 million for 2026, 2027, and 2028, respectively. The 2nd Snacks Supply Agreement expects annual transaction amounts received from Nissin Koikeya Foods to reach HK$24.0 million, HK$25.0 million, and HK$26.0 million. Purchases from Nissin Koikeya Foods under the 2nd Snacks and Confectionery Purchase Agreement are capped at HK$42.0 million, HK$44.0 million, and HK$46.0 million.

The 2nd Master Raw Materials and Products Procurement Agreement with Nissin Japan Group foresees annual payments of HK$171.0 million, HK$179.0 million, and HK$188.0 million. Conversely, transactions under the 2nd Master Raw Materials and Products Sale Agreement with Nissin Japan Group are projected to generate HK$186.0 million, HK$187.0 million, and HK$189.0 million. All renewed transactions are subject to reporting, announcement, and annual review requirements under Chapter 14A of the Listing Rules.