Nissin Corporation (TSE:9066) announces a share repurchase program. Under the program, the company will repurchase 1,100,000 shares, representing 1.1% of the outstanding shares, at ¥372 per share for ¥409.2 million. The shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of February 28, 2017, the company had 100,122,185 shares outstanding and 1,241,661 shares in treasury.