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Hokuetsu Corporation ( (JP:3865) ) has shared an update.
Hokuetsu Corporation has sold 11 million shares of Daio Paper Corporation through Daio’s off-auction share repurchase program, completing the transaction on March 19, 2026. Upon settlement on March 24, Daio Paper will no longer be treated as an equity-method affiliate, as Hokuetsu’s stake will fall from 24.83% to 19.70 percent.
The move is part of a plan to establish a more mutually balanced capital relationship while deepening the companies’ strategic business alliance. Hokuetsu said the decision factored in its capital policy, future investment needs, shareholder return measures, and the potential impact on Daio Paper’s share price, indicating a shift in financial ties without severing commercial collaboration between the two firms.
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 active in the paper and paperboard sector, supplying products to industrial and consumer markets. The company also maintains business relationships and strategic alliances within the broader pulp and paper industry, including product sales and purchases with peers such as Daio Paper Corporation.
Average Trading Volume: 287,233
Technical Sentiment Signal: Buy
Current Market Cap: Yen170.1B
See more data about 3865 stock on TipRanks’ Stock Analysis page.