Nissin Corporation (TSE:9066) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 6.55251513% of its total shares outstanding (excluding treasury shares), for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and enhance the shareholder returns.

The repurchase program is valid till April 30, 2024. As of April 30, 2023, the company had 19,839,710 shares outstanding (excluding treasury shares) and had 433,059 shares in treasury.