Daio Paper Corporation
Notice Regarding Change in Other Affiliated Companies
As of March 24, 2026, Hokuetsu Corporation is expected to be excluded from Daio Paper's other affiliated companies. Hokuetsu Corporation transferred 11,000,000 shares of treasury stock, reducing its voting rights ownership ratio from 24.83% to 19.71%.
Key Figures
- Number of Treasury Shares Transferred: 11,000,000 shares
- Voting Rights Ownership Ratio (Before Change): 24.83%
- Voting Rights Ownership Ratio (After Change): 19.71%
AI要約
Overview of the Change
Daio Paper Corporation announced that, as of March 24, 2026, Hokuetsu Corporation, which was an equity-method affiliated company, is expected to no longer qualify as an other affiliated company. This is due to Hokuetsu Corporation applying for and transferring 11,000,000 shares of Daio Paper treasury stock through an off-floor share buyback transaction. As a result, Hokuetsu Corporation's voting rights ownership ratio will decrease from 24.83% to 19.71%.
Impact on Shareholders and Future Outlook
With the reduction in Hokuetsu Corporation's shareholding ratio, the company will be excluded from the equity-method affiliated companies; however, the impact on Daio Paper's financial performance is considered minor. Daio Paper will promptly disclose any significant developments in the future. Additionally, Hokuetsu Corporation will continue its product trading relationship, but there are no personnel ties.
