Change in Other Affiliated Company
Daio Paper Corporation and Hokuetsu Corporation
Common shares of Daio Paper Corporation held by Hokuetsu Corporation
Hokuetsu Corporation transferred 11,000,000 shares of Daio Paper Corporation held by it through the acquisition of treasury shares, and the acquisition was completed
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.
As of 30 September 2025: directly owned, 415,890 voting rights (24.83%); subject to aggregation, 100 voting rights (0.01%); total, 415,990 voting rights (24.83%). Status: Other Associated Company.
After settlement of the acquisition of treasury shares: directly owned, 305,890 voting rights (19.70%); subject to aggregation, 100 voting rights (0.01%); total, 305,990 voting rights (19.71%).
The company considers the impact of this matter on its results to be minor
Hokuetsu Corporation is expected to cease qualifying as an Other Associated Company upon settlement of the acquisition of treasury shares. If any matter requiring disclosure arises in the future, it will be disclosed promptly.
| Item | Details |
|---|---|
| Event name | Change in Other Affiliated Company |
| Date of occurrence | 24 March 2026 (the change is expected to take effect upon settlement of the acquisition of treasury shares) |
| Date recognized / date notice received | 18 March 2026 (the date on which the company became aware of the planned tender based on notification from Hokuetsu Corporation) |
| Subject Entity | Daio Paper Corporation and Hokuetsu Corporation |
| Target Locations / Products | Common shares of Daio Paper Corporation held by Hokuetsu Corporation |
| Cause | Hokuetsu Corporation transferred 11,000,000 shares of Daio Paper Corporation held by it through the acquisition of treasury shares, and the acquisition was completed |
| Impact on Earnings Forecast | The company considers the impact of this matter on its results to be minor |
| Voting rights ownership percentage before the change | As of 30 September 2025: directly owned, 415,890 voting rights (24.83%); subject to aggregation, 100 voting rights (0.01%); total, 415,990 voting rights (24.83%). Status: Other Associated Company. |
| Voting rights ownership percentage after the change | After settlement of the acquisition of treasury shares: directly owned, 305,890 voting rights (19.70%); subject to aggregation, 100 voting rights (0.01%); total, 305,990 voting rights (19.71%). |
| Outlook | Hokuetsu Corporation is expected to cease qualifying as an Other Associated Company upon settlement of the acquisition of treasury shares. If any matter requiring disclosure arises in the future, it will be disclosed promptly. |
| Planned follow-up disclosure | If any matter requiring disclosure arises in the future, it will be disclosed promptly. |
Items this document does not state (14)
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.Hokuetsu Corporation transferred 11,000,000 shares of Daio Paper Corporation held by it through the acquisition of treasury shares, and the acquisition was completed. As a result, Hokuetsu Corporation is expected to cease qualifying as an Other Associated Company after settlement. The company considers the impact of this matter on its results to be minor.