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Hokuetsu Buys Back and Cancels 10 Million Shares to Support Daio Alliance

Story Highlights
  • Hokuetsu repurchased 10 million shares for about ¥10.28 billion through ToSTNeT-3 and will cancel them.
  • The buyback supports an equal capital alliance with Daio Paper, offsets Daio Kaiun’s sale, and boosts capital efficiency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hokuetsu Buys Back and Cancels 10 Million Shares to Support Daio Alliance

Meet Samuel – Your Personal Investing Prophet

Hokuetsu Corporation ( (JP:3865) ) has issued an update.

Hokuetsu Corporation has completed the acquisition of 10 million of its own common shares for approximately ¥10.28 billion via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system, and will cancel all of these treasury shares on March 26, 2026. The move is designed to support a mutually equal capital relationship with strategic partner Daio Paper, absorb selling by major shareholder Daio Kaiun, and enhance capital efficiency while limiting potential market disruption from the block sale.

The most recent analyst rating on (JP:3865) stock is a Hold with a Yen1077.00 price target. To see the full list of analyst forecasts on Hokuetsu Corporation stock, see the JP:3865 Stock Forecast page.

More about Hokuetsu Corporation

Hokuetsu Corporation is a Japanese company listed on the Tokyo Stock Exchange Prime Market under securities code 3865, operating in the paper and related materials industry. The company is engaged in a strategic business alliance with Daio Paper Corporation, reflecting a market focus on strengthening its position and efficiency within the broader paper and packaging sector.

Average Trading Volume: 287,233

Technical Sentiment Signal: Buy

Current Market Cap: Yen170.1B

For a thorough assessment of 3865 stock, go to TipRanks’ Stock Analysis page.

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