TOKYO, May 13 (Pulse News Wire) – Nichirin CO.,LTD. (5184.T) decided during its board meeting held, to repurchase shares based on Article 156(1) of the Companies Act, as amended by Article 165(3).
Additionally, the company resolved to cancel shares according to Article 178 of the Companies Act. The decision was made to enhance shareholder returns and improve capital efficiency. Under its dividend policy outlined on February 13, 2026, Nichi Rin aims to achieve a payout ratio target of 30% and plans to acquire approximately 148.9 million yen worth of treasury shares over three years from 2026 to 2028.
The company intends to purchase up to 1,177,283 shares, representing 0.3% of outstanding shares excluding treasury stock, through open-market purchases on the Tokyo Stock Exchange from May 14, 2026, to December 18, 2026. Furthermore, Nichi Rin will cancel 1,177,283 shares, which account for 0.3% of total outstanding shares prior to cancellation, effective December 30, 2026. Following the cancellation, the total number of outstanding shares will decrease to 398,826,717.
As of March 31, 2026, the company held 1,177,283 treasury shares out of a total of 399,004,000 outstanding shares.
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