Nisshin Seifun Group Seifu Announces Continued Share Buyback Plan Amid Merger Defense Strategy

TOKYO, Jun 25 (Pulse News Wire) – Nisshin Seifun Group INC. (2002.T) announced the continuation of its share buyback plan aimed at protecting shareholder interests and enhancing corporate value.

The plan was approved during a board meeting held, and follows previous approvals granted in 2024 and 2026. Under the plan, the issuance of free subscription warrants will be used to counter potential hostile takeovers. The warrant allocation will occur without charge to shareholders upon the appearance of specific acquirers. The plan's duration is set until the next regular shareholders' meeting scheduled for 2027, contingent on the absence of any ongoing acquisition attempts.

Key provisions of the plan include the establishment of an advisory committee tasked with reviewing proposed acquisitions and recommending actions based on their impact on corporate value and shareholder benefits. The committee ensures adherence to legal standards and evaluates proposals within a strict timeframe, typically 60 trading days, to maintain operational efficiency. Shareholders will benefit from enhanced protection against unwelcome takeover bids through automatic warrant allocations should such events arise. However, no immediate changes to existing shares or rights will occur at the time of plan implementation.

Any future exercise of warrants would require compliance with stipulated conditions and procedures outlined by the company.