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Nichirei Corporation ( (JP:2871) ) has provided an announcement.
Nichirei Corporation has approved a secondary offering of 16,726,400 existing shares of its common stock, to be sold by a group of major financial institutions and corporate shareholders including Mizuho Bank, MUFG Bank, The Norinchukin Bank, and several insurers and logistics-related firms. The shares will be purchased and underwritten by securities underwriters, with the final selling price to be set between 90% and 100% of the prevailing market price on a pricing date scheduled between January 19 and 21, 2026, and settlement occurring five business days later.
In addition to the main block of shares, up to 2,508,900 additional shares may be offered through an over-allotment option, allowing the designated underwriter to borrow shares from an existing shareholder to meet excess demand, with the option size and execution dependent on market appetite. As this is a secondary sale by existing shareholders rather than a new issuance, the transaction does not dilute Nichirei’s share capital but may increase the stock’s free float and liquidity, potentially broadening the investor base while enabling key financial stakeholders to reduce or rebalance their holdings.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen1997.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
More about Nichirei Corporation
Nichirei Corporation is a Japan-based company listed on the Tokyo Stock Exchange Prime Market (securities code 2871). The group is known for its businesses in processed foods and logistics, with a focus on temperature-controlled distribution and related services, serving domestic and international food and retail markets.
Average Trading Volume: 1,227,513
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen473.4B
Find detailed analytics on 2871 stock on TipRanks’ Stock Analysis page.