TOKYO, Mar 10 (Pulse News Wire) – Daido Metal CO.,LTD. (7245.T) decided to sell shares through an underwriting agreement to improve liquidity and diversify shareholder base.
The sale involves up to 1,000,000 ordinary shares, with pricing determined based on the average closing price of the company's stock on March 17, 2026, adjusted by a factor of 0.90 to 1.00. The offering will run from the day after the pricing determination until two trading days later, with delivery scheduled five trading days thereafter. Key shareholders such as Mitsui Sumitomo Trust Bank, Mizuho Bank, Mitsubishi UFJ Bank, Isuzu Motors, and Aichi Bank will participate in the share sale. Additionally, Nomura Securities and Mizuho Securities will act as joint lead managers for the transaction.
In conjunction with the share sale, the company also plans to repurchase its own shares to mitigate potential negative impacts on the stock supply-demand balance. Further details on the share buyback can be found in today’s separate press release. This move aligns with Daido Metal's strategy to enhance corporate value through structural reforms, strengthening core businesses, reinforcing next-core and semi-core sectors, and prioritizing non-financial capital management. The company will continue to explore various measures to boost enterprise value moving forward.
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