Nippon Flour Mills announces secondary share offering and significant buyback

Nippon Flour Mills announced that the interim review of its consolidated quarterly financial statements for the first quarter of fiscal year 2026 (April 1 to June 30, 2025) has been completed. The company reported net sales of 104,219 million yen, operating income of 5,544 million yen, ordinary income of 6,737 million yen, and profit attributable to owners of parent of 4,678 million yen. These results were consistent with previously announced figures.

The company's board of directors approved a secondary offering of 4,903,200 shares of common stock, with an additional over-allotment of up to 735,400 shares, to be sold by existing shareholders including Yakult Honsha Co.,Ltd. and Mitsui Sumitomo Insurance Company. Concurrently, Nippon Flour Mills resolved to acquire up to 2,200,000 shares of its common stock, totaling a maximum of 4,000 million yen, through market purchases on the Tokyo Stock Exchange from November 25, 2025, to March 31, 2026.

These actions aim to enhance shareholder returns and capital efficiency, while also mitigating the impact of the secondary offering on the company's stock supply and demand. The company reiterated its forecast for FY2026, with no changes to its planned annual dividend of 66 yen per share.