The Nisshin OilliO Group,Ltd. announces an Equity Buyback for 1,200,000 shares, representing 3.59% for ¥3,000 million.
February 09, 2021 at 01:00 am EST
Share
The Nisshin OilliO Group,Ltd. (TSE:2602) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 3.59% of the outstanding shares, at ¥2,500 per share for ¥3,000 million. The purpose of the program is to improve shareholder returns and capital efficiency in response to changes in the business environment. The plan will be valid till March 31, 2021. As of January 31, 2021, the company had 33,421,860 shares outstanding and 1,245,997 shares in treasury.
Nisshin OilliO Group Ltd is a Japan-based company mainly engaged in oil and meal and processed food businesses, processed oil and fat business as well as fine chemicals business. The Company has three segments. The Oil and Meal and Processed Food business is mainly engaged in manufacturing and sales of edible oils for house hold use, edible oils for commercial use, edible oils for food processing, oil meals, food soybeans, wellness food, soy protein and tofu and others. The Processed Oil and Fat business is mainly engaged in manufacturing and sales of processed palm products, fats and oils for chocolate, margarine, shortenings and chocolate related products, etc. The Fine Chemicals business is mainly engaged in manufacturing and sales of raw materials for cosmetics, chemical products, medium chain triglyceride (MCT), lecithin, tocopherols, detergents, sterilizing detergents and surfactants. Other business includes information related services, sales promotions and others.
THE NISSHIN OILLIO GROUP,LTD. 
