Daio Paper Launches ¥18.2 Billion Share Buyback as Hokuetsu Cuts Stake

Daio Paper Corporation ( (JP:3880) ) has shared an announcement.

Daio Paper Corporation’s board has approved a share repurchase of up to 13 million shares, or 7.75% of its outstanding stock, for a total of up to ¥18.24 billion, using the Tokyo Stock Exchange’s ToSTNeT-3 off-auction trading system at the March 18 closing price of ¥1,121. The buyback is aimed at enhancing shareholder returns, improving capital efficiency, and aligning its capital relationship with strategic partner Hokuetsu Corporation, which plans to sell 11 million Daio shares and may cease to be classified as an affiliated company after the transaction, potentially reshaping Daio’s shareholder structure and governance balance.

The repurchase order will be placed at 8:45 a.m. on March 19, 2026, and the company will disclose the results immediately after that trading session. Daio notes that execution may be partial or not occur at all depending on market conditions, but any change in Hokuetsu’s affiliated status will be promptly disclosed, underscoring the transaction’s importance for investors monitoring control dynamics and capital strategy in Japan’s paper sector.

The most recent analyst rating on (JP:3880) stock is a Hold with a Yen1073.00 price target. To see the full list of analyst forecasts on Daio Paper Corporation stock, see the JP:3880 Stock Forecast page.

More about Daio Paper Corporation

Daio Paper Corporation is a Japanese pulp and paper manufacturer listed on the Prime Market of the Tokyo Stock Exchange under securities code 3880. The company produces paper and related products and is currently involved in a strategic business alliance with Hokuetsu Corporation, another major player in the paper industry.

Average Trading Volume: 394,756

Technical Sentiment Signal: Buy

Current Market Cap: Yen183.1B

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