TOKYO, May 21 (Pulse News Wire) – Hulic CO.,LTD. (3003.T) announced today that its board of directors had approved an overseas sale of ordinary shares aimed at enhancing liquidity and diversifying shareholder base.
The company plans to sell up to 17,392,100 ordinary shares held by several major shareholders, including NTT Electronics Corporation (10,000,000), Yasuda Warehouse Co., Ltd. (3,108,000), Aomori Michinoku Bank, Ltd. (2,431,100), and Kikuchi Industry Co., Ltd. (1,853,000).
The selling price will be determined through bookbuilding methods between May 21, 2026 and May 22, 2026. The sale will be conducted via Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., and Mizuho Securities Co., Ltd., focusing on European and Asian markets excluding the United States and Canada. Shareholders have agreed to lock-up agreements prohibiting the sale of additional shares for 180 days post-sale completion without prior consent from the lead underwriters. This move aligns with Hulic's strategic plan to enhance corporate governance and support long-term growth while maintaining dialogue with stakeholders.
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