Nippon Yakin Kogyo Abandons Share Buyback Policy Post-Upcoming Meeting

TOKYO, May 08 (Pulse News Wire) – Nippon Yakin Kogyo CO.,LTD. (5480.T) decided during its board meeting today to discontinue its large-scale share buyback policy effective upon the conclusion of its upcoming annual shareholders' meeting scheduled for June 27, 2026.

The company introduced the policy in 2007 and renewed it annually since then based on shareholder approval. However, considering recent trends in acquisition policies, changes in the business environment, and feedback from domestic and international institutional investors, the board concluded that continuing the policy was no longer necessary.

Despite discontinuing the formal policy, Nippon Yakin Kogyo remains committed to safeguarding and enhancing shareholder interests. The company pledges to ensure adequate time and necessary information for shareholders to make informed decisions regarding potential large-scale share purchases.

Additionally, the firm will disclose opinions from its board of directors within legal boundaries set by financial regulations.