Nissin Corporation to delist from TSE after share consolidation

Nissin Corporation announced on September 12, 2025, that its extraordinary shareholders' meeting approved proposals for share consolidation, abolition of share units, and a partial amendment to its Articles of Incorporation. This restructuring will result in the company's common shares being delisted from the Prime Market of the Tokyo Stock Exchange (TSE). The shares will be designated as "securities to be delisted" from September 12, 2025, to October 14, 2025, with delisting effective October 15, 2025.

The share consolidation will reduce 2,796,953 shares into one, with the total number of outstanding shares decreasing from 14,739,014 to 5 after the consolidation takes effect on October 17, 2025. This change follows the cancellation of 773,755 treasury shares, as resolved by the board of directors on August 8, 2025. The total number of authorized shares will also be reduced to 20.

Fractional shares resulting from the consolidation will be sold to K.K. BCJ-98, with cash proceeds of 8,100 yen per share delivered to eligible shareholders around mid-January 2026. This sale is part of a series of transactions aimed at making the Offeror and NISSIN SHOJI the sole shareholders, effectively taking the company private.