Hokuetsu Corporation
Notice Regarding Changes in Equity-Method Affiliated Company
Hokuetsu Corporation has sold 11,000,000 shares of Daio Paper’s treasury stock for 12,331 million yen and is expected to be excluded from its equity-method affiliated companies. The settlement date is March 24, 2026.
Key Figures
- Number of Shares Transferred: 11,000,000 shares
- Transfer Amount: 12,331 million yen
- Voting Rights Ownership Ratio (Before Transfer): 24.83%
- Voting Rights Ownership Ratio (After Transfer): 19.70%
- Transfer Settlement Date: Scheduled for March 24, 2026
AI要約
Overview of the Change
Hokuetsu Corporation applied for 11,000,000 shares in Daio Paper’s treasury stock off-auction purchase transaction (ToSTNeT-3), an equity-method affiliated company, and the sale of all shares was successfully completed. Consequently, Daio Paper is expected to be excluded from the equity-method affiliated companies as of March 24, 2026. The sale amount is 12,331 million yen. Both companies aim to build an equal capital relationship to deepen their strategic business alliance, and this transaction is part of that effort.
Impact on Shareholders and Future Outlook
As a result of the transfer, Hokuetsu Corporation’s voting rights ownership ratio in Daio Paper will decrease from 24.83% to 19.70%. A loss on sale of investment securities in affiliated companies is expected in the consolidated financial statements for the fiscal year ending March 2026; however, at this point, it is not anticipated to have a material impact on operating results. Any future impact will be promptly disclosed.
