Daihen to boost liquidity with secondary share offering

Daihen Corporation (TSE:6622) announced a secondary offering of 1,500,000 shares of its common stock, following a board resolution on November 17, 2025. This move aims to improve the liquidity of its shares and expand its shareholder base, primarily targeting individual investors, in response to the trend of unwinding cross-shareholdings in the Japanese stock market.

The shares will be offered by various selling shareholders, including Sumitomo Mitsui Banking Corporation (543,000 shares) and Sumitomo Mitsui Trust Bank, Limited (330,000 shares). Other major selling shareholders include Mitsui Sumitomo Insurance Company, Limited (237,300 shares) and MUFG Bank, Ltd. (122,600 shares).

The selling price will be determined between November 26, 2025, and December 1, 2025, based on the common stock's closing price on the Tokyo Stock Exchange multiplied by a factor between 0.90 and 1.00. Share delivery is scheduled between December 1, 2025, and December 4, 2025.