Nissin Corporation (TSE:9066) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 23.61% of its total shares outstanding (excluding treasury shares), for a total of ¥14,000 million. The shares will be repurchased at a price of ¥3,095 per share.

The purpose of repurchase program is to enhance shareholder returns and improve capital. The repurchase program is valid till May 10, 2024. As of March 31, 2024, the company had 19,058,798 shares outstanding (excluding treasury shares) and had 1,213,971 shares in treasury.