Nitta plans tender offer for treasury shares to boost capital efficiency

Nitta Corporation announced a tender offer to acquire up to 440,100 shares of its common stock, representing 1.50% of outstanding shares (excluding treasury shares), at a price of 3,650 yen per share. The tender offer period will run from September 8, 2025, to October 7, 2025. This move follows an inquiry from IBP Co., a third-largest shareholder, which expressed an intention to sell 400,000 shares. The company aims to boost earnings per share (EPS) and return on equity (ROE) while preserving assets by acquiring shares at a 10% discount from the average closing price over the one-month period ending September 4, 2025.

The acquisition price of 3,650 yen per share represents a 10.43% discount to the closing price on September 4, 2025 (4,075 yen), and a 9.99% discount to the one-month average. The total acquisition cost is estimated at 1,634,000,000 yen, to be funded from the company's internal resources. Nitta Corporation has a strong cash position, with 35,061 million yen in cash and cash equivalents as of March 31, 2025, ensuring no significant impact on its financial health or dividend policy.

This tender offer aligns with Nitta Corporation's "SHIFT2030" medium- to long-term business plan, focusing on corporate value enhancement, including strengthening corporate governance and capital efficiency. In the first quarter of the fiscal year ending March 31, 2026, the company reported net sales of 21,625 million yen and net income attributable to owners of parent of 2,744 million yen, with earnings per share of 99.10 yen.