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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3865","jir_company_name":"Hokuetsu Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-18","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/3865-20260318-03.pdf","jir_short_summary":"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.","jir_summary":"### Overview of the Secondary Offering\nHokuetsu 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.\n\n### Change in Major Shareholders and Future Outlook\nAs 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.","jir_financial_highlights":"Number of Shares Offered: 25,626,000 shares (planned) (Unknown)\nOffering Price: 1,028 yen \/ share (Unknown)\nTotal Offering Amount: 26,343,528,000 yen (planned) (Unknown)\nDaio Paper Voting Rights Ratio (post-change): 17.58% (27,912,900 shares) (Increased from 1.35% before change)\nMisuga Kaiun Voting Rights Ratio (post-change): 0.00% (0 shares) (Decreased from 11.14% before change)","jir_category":"","jir_hashtags":"#HokuetsuCorporation, #CapitalPolicy, #MajorShareholderChange, #JapaneseStocks","jir_key_figures":"Number of Shares Offered: 25,626,000 shares (planned)\nTotal Offering Amount: 26,343,528,000 yen (planned)\nDaio Paper Voting Rights Ratio (post-change): 17.58% (27,912,900 shares)","jir_meta_title":"Hokuetsu Corporation: Approximately 26.3 Billion Yen Secondary Offering Leading to Daio Paper Becoming Largest Shareholder","jir_meta_description":"Hokuetsu Corporation announces the off-market transfer of 25,626,000 common shares to Daio Paper, which will become the largest shareholder on March 27, 2026, with a voting rights ratio increasing to 17.58%.","jir_og_title":"Hokuetsu Corporation: Daio Paper Becomes Largest Shareholder through Secondary Offering","jir_og_description":"Daio Paper acquires approximately 25.6 million shares of Hokuetsu Corporation, becoming the largest shareholder. Total offering amount is about 26.3 billion yen, scheduled for March 27, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9134,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-35328","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n