Nissin Sugar to acquire treasury shares for employee incentive plan

WELLNEO SUGAR Co., Ltd. (Nissin Sugar) announced its resolution to acquire 9,000 common treasury shares between October 6 and October 17, 2025, with a maximum acquisition price of JPY 28,000,000. This acquisition, representing 0.03% of issued shares (excluding treasury shares), is in preparation for a third-party allotment to the Employee Stock Ownership Association under an "Incentive Plan" scheme.

The treasury shares will be allotted to the Employee Stock Ownership Association by December 15, 2025, at an offer price of JPY 2,612 per share, totaling JPY 23,508,000. This plan aims to boost employee motivation and corporate value, particularly after the merger with wholly-owned subsidiary DAIICHI TOGYO CO., LTD. on October 1, 2025.

As of August 31, 2025, Nissin Sugar's total number of issued shares (excluding treasury shares) stood at 32,799,890, with 205 treasury shares held. The treasury share acquisition and subsequent allotment will provide 9,000 shares for eligible employees, including those from DAIICHI TOGYO CO., LTD.