Hokuetsu Corporation
Notice of Application for Purchase of Treasury Stock through Off-Auction Purchase Transaction (ToSTNeT-3) by Equity-Method Affiliate
Hokuetsu Corporation has applied to purchase 11,000,000 shares in Daio Paper Corporation’s treasury stock buyback transaction. If all applied shares are purchased, it is expected to cease being an equity-method affiliate.
Key Figures
- Number of Shares Applied: 11,000,000 shares (Number of shares applied for the treasury stock purchase transaction)
- Shares Held: 41,589,008 shares (Number of Daio Paper Corporation shares held)
- Impact on Consolidated Financial Results: Expected loss on sale of affiliate shares (details unknown)
AI要約
Overview of Application for Treasury Stock Purchase Transaction
Hokuetsu Corporation has decided to apply for the purchase of 11,000,000 shares out of the 41,589,008 shares of Daio Paper Corporation, its equity-method affiliate, through the off-auction purchase transaction (ToSTNeT-3) conducted by Daio Paper Corporation. This action is part of capital policy aimed at building an equitable capital relationship, following the deepening of the strategic business alliance between the two companies.
Impact on Shareholders and Future Outlook
If all the applied shares are purchased, Hokuetsu Corporation is expected to be excluded from Daio Paper Corporation’s equity-method affiliates. Consequently, a loss on sale of affiliate shares may occur in the consolidated financial results for the fiscal year ending March 2026. Should material impacts on performance arise, information will be promptly disclosed.
