TOKYO, Mar 13 (Pulse News Wire) – Nissin Foods Holdings CO.,LTD. (2897.T) announced today that its board of directors resolved to acquire additional shares of Nissin-Universal Robina Corporation (NURC), a joint venture in the Philippines, through its Thai subsidiary Nissin Foods Asia Co., Ltd.
The acquisition, set to take place in January 2027, will increase Nissin Foods' shareholding ratio to 70% and reduce Universal Robina's stake to 30%. This move aligns with Nissin Foods' long-term growth strategy aimed at increasing overseas operations' contribution to core operating profit to approximately 45% by 2027. The Philippines, with a projected GDP growth rate of 4.4% in 2025, represents a promising market for instant noodle consumption and sales. NURC’s flagship product, “CUP NOODLES,” has seen strong sales performance, driving the decision to further strengthen the company's presence in the region.
In related developments, Nissin Foods will purchase 21% of NURC's outstanding shares, enhancing its operational flexibility and strategic decision-making capabilities in the Philippine market. The transaction is expected to close on January 07, 2027. Nissin-Universal Robina Corporation, headquartered in Quezon City, operates in the manufacturing and distribution of instant noodles. With a capital of ¥1.89 billion Philippine pesos, the company reported revenues of ¥10.67 billion Philippine pesos and net income of ¥1.23 billion Philippine pesos for the fiscal year ending December 2024.
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