The Nisshin OilliO Group, Ltd. [2602.T]
TOKYO, Mar 27 (Pulse News Wire) – The Nisshin Oillio Group,ltd. (2602.T) completed its share repurchase program and plans to cancel the acquired shares.
On June 17, 2025, the board resolved to repurchase up to 148,900,000 ordinary shares at a total cost of ¥1.489 billion through open-market purchases from June 18, 2025, to March 31, 2026. As of March 24, 2026, the company had purchased a total of 148,900,000 shares for ¥1.489 billion.
Additionally, the company will cancel all repurchased shares on April 30, 2026. Following a resolution made at the March 27, 2026, board meeting, the company also decided to split its common stock at a ratio of 1-to-3, effective April 1, 2026, with March 31, 2026, as the record date.
Therefore, the number of shares to be canceled will be tripled to 446,700,000.
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