Nisshin Oillio announces share buyback and cancellation plan

The Nisshin Oillio Group (TSE:2602) announced a plan to acquire up to 2,500,000 of its own shares, representing 7.67% of shares outstanding excluding treasury stock, for a maximum purchase price of JPY 10,000,000,000. The buyback period extends from June 18, 2025, to March 31, 2026, and will occur through off-auction (ToSTNeT-3) and on-market purchases on the Tokyo Stock Exchange. Simultaneously, the company intends to cancel all treasury shares acquired through the buyback on April 30, 2026. This move aligns with the "Value UpX" medium-term plan, which emphasizes increasing shareholder returns, maintaining a minimum dividend of JPY 180 per share and targeting a 40% consolidated dividend payout ratio (excluding one-time gains). As of May 31, 2025, Nisshin Oillio held 1,140,459 treasury shares. The buyback is partially funded from proceeds from sales.