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Hokuetsu Corporation ( (JP:3865) ) has issued an update.
Hokuetsu Corporation’s board has approved tendering 11,000,000 shares of Daio Paper Corporation, an equity-method affiliate, into Daio’s planned off-auction share buyback through the ToSTNeT-3 system. The move is part of a broader plan for Hokuetsu and Daio to establish a more balanced, mutually equal capital relationship as they deepen their strategic business alliance.
By partially unwinding its 41,589,008-share stake, Hokuetsu aims to align its capital policy, future investment plans, and shareholder return measures while considering the impact on Daio’s share price. If all tendered shares are purchased, Daio is expected to cease being an equity-method affiliate, and Hokuetsu anticipates recording a loss on sales of shares in affiliates in its consolidated results for the year ending March 31, 2026, with further disclosures to follow if the earnings impact becomes significant.
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 Japan-based company listed on the Tokyo Stock Exchange Prime Market under securities code 3865, operating primarily in the pulp and paper and related materials sector. The company pursues strategic alliances and capital policies to balance long-term investments with shareholder returns while managing stakes in affiliates such as Daio Paper Corporation.
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.