Daido Metal’s Major Shareholders Launch Large Secondary Share Offering

Daido Metal Co., Ltd. ( (JP:7245) ) has shared an announcement.

Daido Metal Co., Ltd. has announced a large secondary offering of 5,429,000 existing common shares, to be sold by major shareholders including Tokio Marine & Nichido Fire Insurance, Sumitomo Mitsui Trust Bank, Mizuho Bank and several other banks and industrial partners. The sale price will be set between March 17 and March 23, 2026, based on market prices, with the shares underwritten and purchased in full by securities firms.

In addition, up to 814,300 extra shares may be sold through an over-allotment option, using stock borrowed from certain shareholders, with the final number dependent on investor demand. The transaction is designed to facilitate the orderly divestment of stakes by existing institutional and corporate holders, potentially improving trading liquidity and free float in Daido Metal’s shares without issuing new equity or raising fresh capital for the company itself.

The most recent analyst rating on (JP:7245) stock is a Buy with a Yen1255.00 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 industrial and automotive components sector, with a shareholder base that includes major financial institutions and vehicle and machinery manufacturers such as ISUZU MOTORS and KUBOTA.

Average Trading Volume: 408,414

Technical Sentiment Signal: Buy

Current Market Cap: Yen46.87B

See more data about 7245 stock on TipRanks’ Stock Analysis page.