Hokuetsu Corporation
Notice Regarding Results of Treasury Stock Acquisition Through Off-Auction Own Share Repurchase Transaction (ToSTNeT-3) and Completion of Treasury Stock Acquisition (Acquisition of Treasury Stock Based on Provisions of Article 165, Paragraph 2 of the Companies Act)
On March 19, 2026, 10,000,000 shares of treasury stock were acquired at a total price of ¥10,280,000,000, and the acquisition has been completed. All acquired shares are scheduled to be canceled on March 26, 2026.
Key Figures
- Number of Shares Acquired: 10,000,000 shares (approximately 5.92% of total issued shares)
- Total Acquisition Price: ¥10,280,000,000
- Acquisition Completion Date: 2026-03-19
AI要約
Overview of Treasury Stock Acquisition
Hokuetsu Corporation acquired 10,000,000 common shares through an off-auction own share repurchase transaction (ToSTNeT-3) on March 19, 2026, at a total price of ¥10,280,000,000. This acquisition was based on the resolution of the Board of Directors dated March 18, 2026, and has been completed. All acquired shares are scheduled to be canceled on March 26, 2026, in accordance with the provisions of Article 178 of the Companies Act.
Background and Purpose of Acquisition
As part of deepening our strategic business partnership with Daio Paper Corporation, the Company conducted this treasury stock acquisition to establish an equitable capital relationship. This action follows the intention of major shareholder Daio Kaiun Co., Ltd. to sell shares, aiming to mitigate the market impact and improve capital efficiency. The number of shares acquired corresponds to approximately 5.92% of the total number of issued shares (excluding treasury stock).
