Komori
Occurring Fact3865Hokuetsu CorporationMaterials and Chemicals

Notice regarding a secondary offering of the Company’s shares and a change in the largest shareholder, which is a major shareholder

A total of 25,626,000 Hokuetsu Corporation shares held by Misuga Kaiun and Daio Kaiun will be transferred to Daio Paper Corporation off-market. As a result, Daio Paper Corporation is expected to become the largest shareholder, while Misuga Kaiun is expected to cease to be the largest shareholder.

Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
25626000
Shares (planned)
Wording
Avoiding a definitive answer
How definitive the wording is.

当社株式の売出し及び主要株主である筆頭株主の異動

Subject Entity

大王製紙株式会社、美須賀海運株式会社、大王海運株式会社

Occurrence27 March 2026 (予定)
Awareness or receipt of notice18 March 2026
This disclosure03/18/2026
Cause

大王製紙との戦略的業務提携をさらに深化させ、両社間で対等な資本関係を構築するため、大王海運らが保有する当社株式を大王製紙に譲渡するもの。

Amount of Impact on Business Performance

当社の連結業績等への影響はありません

Impact on Earnings Forecast

当社の連結業績等への影響はありません

Change in voting rights ownership ratio

大王製紙1.35%→17.58%(+16.23pt)

The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.A shareholder holding 10% or more is considered a major shareholder.

Voting rights ownership percentage before the change

大王製紙:22,869個(2,286,900株)、1.35%(2025年9月30日現在);美須賀海運:188,060個(18,806,000株)、11.14%(2025年9月30日現在)。大王海運:Not disclosed

Voting rights ownership percentage after the change

大王製紙:279,129個(27,912,900株)、17.58%、第1位(2026年3月27日予定);美須賀海運:0個(0株)、0.00%(2026年3月27日予定)。大王海運:Not disclosed

Related procedures

Type

当社普通株式の売出し及び市場外の相対取引による株式譲渡。金融商品取引法に基づく有価証券通知書を提出

Outlook

2026年3月27日に売渡し及び主要株主である筆頭株主の異動を予定している。これに伴う当社の連結業績等への影響はありません。

Event that occurred
ItemDetails
Event name当社株式の売出し及び主要株主である筆頭株主の異動
Date of occurrence27 March 2026 (予定)
Date recognized / date notice received18 March 2026
Subject Entity大王製紙株式会社、美須賀海運株式会社、大王海運株式会社
Cause大王製紙との戦略的業務提携をさらに深化させ、両社間で対等な資本関係を構築するため、大王海運らが保有する当社株式を大王製紙に譲渡するもの。
Amount of Impact on Business Performance当社の連結業績等への影響はありません
Impact on Earnings Forecast当社の連結業績等への影響はありません
Type of litigation or proceeding当社普通株式の売出し及び市場外の相対取引による株式譲渡。金融商品取引法に基づく有価証券通知書を提出
Voting rights ownership percentage before the change大王製紙:22,869個(2,286,900株)、1.35%(2025年9月30日現在);美須賀海運:188,060個(18,806,000株)、11.14%(2025年9月30日現在)。大王海運:Not disclosed
Voting rights ownership percentage after the change大王製紙:279,129個(27,912,900株)、17.58%、第1位(2026年3月27日予定);美須賀海運:0個(0株)、0.00%(2026年3月27日予定)。大王海運:Not disclosed
Outlook2026年3月27日に売渡し及び主要株主である筆頭株主の異動を予定している。これに伴う当社の連結業績等への影響はありません。
Items this document does not state (14)
Target Locations / ProductsAccounting period in which recognizedCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityPlanned follow-up disclosure

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

大王製紙との戦略的業務提携をさらに深め、両社の対等な資本関係を構築するため。また、市場外の相対取引による株式譲渡を行うために、関係法令に基づく売出しの手続きを行うもの。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice regarding a secondary offering of the Company’s shares and a change in the largest shareholder, which is a major shareholder | Hokuetsu Corporation (3865) timely disclosure | Komori