Nissin Foods Holdings Co.,Ltd.
Notice Regarding Additional Acquisition of Shares of Equity-Method Affiliate in the Philippines (Subsidiarization)
Nissin Foods Holdings will acquire 21% of shares of the Philippine joint venture NURC in January 2027, increasing its shareholding from 49% to 70% and making it a subsidiary.
Key Figures
- Number of Shares Acquired: 39,690,000 shares (out of 189,000,000 voting rights)
- Post-Acquisition Shareholding Ratio: 70%
- NURC Sales (Fiscal Year Ending December 2024): 10,673,236 thousand Philippine Pesos
AI要約
Overview of the M&A
Nissin Foods Holdings Co., Ltd. resolved at its Board of Directors meeting on March 13, 2026, to acquire 21% of the shares of the Philippine joint venture Nissin-Universal Robina Corporation (NURC) from Universal Robina Corporation (URC) through its Thai subsidiary NISSIN FOODS ASIA CO., LTD., making NURC a subsidiary. Post-acquisition shareholding will be 70%, enabling agile resource allocation and faster decision-making. NURC manufactures and sells instant noodles, with sales of 10,673,236 thousand Philippine Pesos and net income of 1,383,393 thousand Philippine Pesos for the fiscal year ending December 2024.
Background and Future Outlook
The company is promoting overseas business expansion based on its mid-to-long-term growth strategy, focusing especially on the Southeast Asian instant noodle market. The Philippine market ranks seventh globally in instant noodle demand and exhibits remarkable economic growth; thus, this share acquisition aims to strengthen business development. The acquisition price will be decided after negotiations based on third-party valuations, and gains from staged acquisitions are also expected, though the amounts are currently under review.
