Hokuetsu Corporation
Notice Regarding Secondary Offering of Our Shares and Change of Major Shareholder as the Largest Shareholder
Daio Paper Corporation will acquire 25,626,000 common shares of Hokuetsu Corporation (approximately 26.3 billion yen) via an off-market transaction and is scheduled to become the largest shareholder on March 27, 2026.
Key Figures
- Number of Shares Offered: 25,626,000 shares (planned)
- Total Offering Amount: 26,343,528,000 yen (planned)
- Daio Paper Voting Rights Ratio (post-change): 17.58% (27,912,900 shares)
AI要約
Overview of the Secondary Offering
Hokuetsu Corporation will conduct a secondary offering whereby Daio Paper Corporation will acquire 25,626,000 common shares of the company from major shareholders Misuga Kaiun Co., Ltd. and Daio Kaiun Co., Ltd. through off-market private transactions, as part of deepening their strategic business alliance. The offering price is set at 1,028 yen per share, with the total offering amount expected to be approximately 26.3 billion yen. The application for the offering will begin on March 18, 2026, and the transfer of shares is scheduled for March 27, 2026.
Change in Major Shareholders and Future Outlook
As a result of this share transfer, Daio Paper will become the largest shareholder of the company as of March 27, 2026, with a voting rights ratio increasing to 17.58%. Meanwhile, Misuga Kaiun will cease to be the largest shareholder and its voting rights ratio will become 0%. Daio Kaiun also plans to apply for the treasury stock acquisition of some shares, and if all succeed, Daio Kaiun and related parties will no longer hold shares in the company. There is no impact on consolidated financial results due to this major shareholder change.
