Pack Corporation announces share offering, subsidiary merger, and repurchase program

The Pack Corporation announced a share offering of 3,720,400 common shares through a buy-sell agreement. The price will be determined between yen 0.90 and yen 1.00 of the closing price on the Tokyo Stock Exchange. The offering aims to enhance the floating share ratio and expand the shareholder base. Concurrently, an over-allotment option for up to 558,000 additional common shares is available. The company also announced a share split, effective July 1, 2025, where one common share was divided into three.

Additionally, The Pack Corporation will merge with its wholly-owned subsidiary, Nisiko Printing Co., Ltd., effective January 1, 2026. This absorption-type merger aims to streamline operations, optimize management resources, and consolidate equipment and human resources within the group. As the merger is with a 100% subsidiary, no new shares will be issued, and no consideration will be exchanged.

The company's board also approved a share repurchase program, authorizing the acquisition of up to 900,000 common shares, or a total value of JPY 1 billion, by December 31, 2025. This program is part of its mid-term management plan to strengthen shareholder returns and improve capital efficiency.