Daihen Corp plans secondary share offering to boost liquidity

Daihen Corporation announced a secondary offering of 1.5 million shares of its common stock, effective November 17, 2025, following a board resolution. This move aligns with the trend of unwinding cross-shareholdings and aims to increase the liquidity of Daihen shares by broadening its individual investor base. The selling price will be determined between November 26 and December 1, 2025, based on a range of 0.90 to 1.00 times the closing price on the Tokyo Stock Exchange.

The offering will be conducted via purchase and underwriting by SMBC Nikko Securities and Daiwa Securities, acting as joint lead managers. Key selling shareholders include Sumitomo Mitsui Banking Corporation (543,000 shares), Sumitomo Mitsui Trust Bank, Limited (330,000 shares), and Mitsui Sumitomo Insurance Company, Limited (237,300 shares). The delivery date for the shares is scheduled between December 1 and December 4, 2025.

Selling shareholders will be subject to a 180-day lock-up period, prohibiting the sale of shares without prior consent from the lead managers. Daihen Corporation also agreed not to issue or sell additional common shares or related securities during this period, with some exceptions for stock splits and share-based compensation. No stabilization transactions will be conducted in connection with this offering.