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ISEKI, Mizuho Bank and Six Other Financial Institutions to Sell 1.35 Million Shares
ISEKI announced on the 9th that it has resolved to sell 1,352,100 shares. Eight financial institutions, including Mizuho Bank, Sompo Japan, and Norinchukin Bank, will sell their holdings. The offering price will be determined on one of the days from the 20th to the 22nd, with settlement five business days after the pricing date. An additional 202,800 shares will be offered depending on demand. Taking supply and demand into account, the company will buy back up to 330,000 shares, or 500 million yen, equivalent to 1.46% of its total issued shares. The buyback period runs from November 16 to January 29, 2027.
6310.JP · Capital · Neutral ISEKI is the subject: eight financial institutions will sell 1.35M shares while the company buys back up to 330,000 shares, a mixed capital/supply-demand event.
8411.JP · Capital · Neutral Mizuho Bank is named as one of the eight selling shareholders, a minor portfolio divestment with no clear directional impact.
農林中金 · Capital · Neutral Norinchukin Bank is named as one of the eight financial institutions selling its ISEKI holdings, a minor divestment.