ENEOS-affiliated petroleum products distributor Nissin Shoji announced on May 11, 2026 that it will conduct a management buyout (MBO) to delist from the Tokyo Stock Exchange Standard Market. The MBO is being executed through EDIAND, a special purpose company established by Nissin Shoji President Tsutsui Hiroshi on April 20, 2026, at 2,210 yen per share for a total expected amount of approximately 99.82 billion yen. The TOB period runs from May 12 to June 22, 2026.

The company decided to pursue this exit strategy due to deteriorating business environment caused by global decarbonization and instability in the Middle East. By delisting, Nisshi Shoji aims to implement long-term management strategies without being constrained by short-term performance pressures. The company plans to accelerate efficiency improvements in service station operations, enhance value-added offerings, promote renewable energy businesses, and increase investments in human resources development and recruitment.

This MBO represents an important example of a company transitioning from public to private status to pursue strategic transformation. After the TOB is completed, the company will be delisted and managed under a private equity structure, allowing for more flexible long-term planning and resource allocation focused on sustainable energy transition and business sustainability.