Change in largest shareholder, a major shareholder
Hokuetsu Corporation, Daio Paper Corporation, and Misuga Kaiun
Daio Paper Corporation's acquisition of the Company's common shares from Misuga Kaiun and Daio Kaiun through negotiated transactions
There is no impact on consolidated results or other related matters.
The change in the largest shareholder, a major shareholder, will have no impact on the Company's consolidated results or other related matters.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
Daio Paper Corporation: 22,869 voting rights (2,286,900 shares), 1.35% (as of 30 September 2025); Misuga Kaiun: 188,060 voting rights (18,806,000 shares), 11.14% (as of 30 September 2025)
Daio Paper Corporation: 279,329 voting rights (27,932,900 shares), 17.59% (as of 27 March 2026); Misuga Kaiun: 0 voting rights (0 shares), 0.00% (as of 27 March 2026)
The change in the largest shareholder, a major shareholder, will have no impact on the Company's consolidated results or other related matters.
| Item | Details |
|---|---|
| Event name | Change in largest shareholder, a major shareholder |
| Date of occurrence | 27 March 2026 |
| Date recognized / date notice received | 27 March 2026 |
| Subject Entity | Hokuetsu Corporation, Daio Paper Corporation, and Misuga Kaiun |
| Cause | Daio Paper Corporation's acquisition of the Company's common shares from Misuga Kaiun and Daio Kaiun through negotiated transactions |
| Amount of Impact on Business Performance | There is no impact on consolidated results or other related matters. |
| Impact on Earnings Forecast | The change in the largest shareholder, a major shareholder, will have no impact on the Company's consolidated results or other related matters. |
| Voting rights ownership percentage before the change | Daio Paper Corporation: 22,869 voting rights (2,286,900 shares), 1.35% (as of 30 September 2025); Misuga Kaiun: 188,060 voting rights (18,806,000 shares), 11.14% (as of 30 September 2025) |
| Voting rights ownership percentage after the change | Daio Paper Corporation: 279,329 voting rights (27,932,900 shares), 17.59% (as of 27 March 2026); Misuga Kaiun: 0 voting rights (0 shares), 0.00% (as of 27 March 2026) |
| Outlook | The change in the largest shareholder, a major shareholder, will have no impact on the Company's consolidated results or other related matters. |
Items this document does not state (15)
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.Daio Paper Corporation acquired the Company's shares from Misuga Kaiun and Daio Kaiun through negotiated transactions and completed the acquisition on 27 March 2026.