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The latest announcement is out from Daido Metal Co., Ltd. ( (JP:7245) ).
Daido Metal has set the terms for a secondary offering of its common stock, following a March 10, 2026 board resolution, fixing the selling price at ¥925 per share. Underwriters will purchase the shares at an underwriting value of ¥886.84 per share, with total proceeds from this tranche amounting to about ¥5.02 billion and delivery scheduled for March 25, 2026.
In addition, the company will conduct an over-allotment secondary offering of 814,300 shares at the same ¥925 price, raising roughly ¥753 million, also settling on March 25. The transaction includes a discount of 3.04% from the March 17 reference price, and is supported by a greenshoe option and syndicate cover transactions running into mid-April, measures that aim to stabilize trading and liquidity of Daido Metal’s shares in the market.
The most recent analyst rating on (JP:7245) stock is a Buy with a Yen1061.00 price target. To see the full list of analyst forecasts on Daido Metal Co., Ltd. stock, see the JP:7245 Stock Forecast page.
More about Daido Metal Co., Ltd.
Daido Metal Co., Ltd. is a Japanese manufacturer listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange. The company operates in the automotive and industrial components sector, with its common stock actively traded in Japan’s capital markets, making equity transactions a key element of its financing and shareholder structure.
Average Trading Volume: 443,921
Technical Sentiment Signal: Buy
Current Market Cap: Yen44.07B
For detailed information about 7245 stock, go to TipRanks’ Stock Analysis page.