FilingReader Intelligence

Nisshin Oillio executes first treasury stock buyback

June 18, 2025 at 12:05 PM UTCBy FilingReader AI

Nisshin Oillio Group (TSE:2602) announced today the completion of its initial treasury stock acquisition through the ToSTNeT-3 off-auction trading system, as part of its shareholder return enhancement strategy under the "Value UpX" mid-term plan. The company acquired 435,300 shares of its common stock at a total cost of JPY2,041,557,000 on June 18, 2025. This buyback is part of a larger plan, announced on May 12, 2025, to acquire up to 2,500,000 shares for a maximum total purchase price of JPY10,000 million between June 18, 2025, and March 31, 2026, using ToSTNeT-3 and on-market purchases. The buyback program aims to improve capital efficiency and allocate funds to both shareholder returns and strategic investments for sustainable growth.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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