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Gunma Bank Daishi Hokuetsu Bank Logo

Gunma Bank, The Daishi Hokuetsu Bank Logo=April 24,2025,Japan

Gunma Bank and Daishi Hokuetsu Financial Group Business Integration Conference

Gunma Bank and Daishi Hokuetsu Financial Group management integration press conference. Photo shows, from right, Akihiko Fukai, President of Gunma Bank, and Michirou Ueguri, President of Daishi Hokuetsu Financial Group.=April 24,2025,Japan

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Gunma Bank and Daishi Hokuetsu Financial Group Business Integration Conference

Gunma Bank and Daishi Hokuetsu Financial Group management integration press conference. Photo shows, from right, Akihiko Fukai, President of Gunma Bank, and Michirou Ueguri, President of Daishi Hokuetsu Financial Group.=April 24,2025,Japan

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Gunma Bank and Daishi Hokuetsu Financial Group Business Integration Conference

Gunma Bank and Daishi Hokuetsu Financial Group management integration press conference. Photo shows, from right, Akihiko Fukai, President of Gunma Bank, and Michirou Ueguri, President of Daishi Hokuetsu Financial Group.=April 24,2025,Japan

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Gunma Bank and Daishi Hokuetsu Financial Group Business Integration Conference

Gunma Bank and Dai-ichi Hokuetsu Financial Group management integration press conference. Photo shows, from right, Takeo Uchibori, Senior Managing Director of Gunma Bank, Akihiko Fukai, President of Gunma Bank, Michirou Ueguri, President of Daishi Hokuetsu Financial Group, and Ken Shibata, Senior Managing Director of Daishi Hokuetsu Financial Group.=April 24,2025,Japan

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Daio Paper, Hokuetsu Kishu agree on capital alliance

TOKYO, Japan - Daio Paper Corp. President Masayoshi Sako speaks during a press conference in Tokyo on June 26, 2012. The scandal-tainted company and Hokuetsu Kishu Paper Co. have agreed on a capital alliance in which Hokuetsu Kishu will become Daio's largest shareholder with a 22.12 percent stake.

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Hokuetsu Kishu to become largest stockholder of Daio Paper

TOKYO, Japan - Photo shows a building housing the Tokyo headquarters of Daio Paper Corp. in Tokyo's Chuo Ward on June 20, 2012. Hokuetsu Kishu Paper Co. is considering purchasing a stake of around 20 percent in scandal-tainted Daio Paper for around 10 billion yen to become its largest stockholder, a company source said the same day.

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Hokuetsu Kishu to become largest stockholder of Daio Paper

TOKYO, Japan - Photo shows the headquarters of Hokuetsu Kishu Paper Co. in Tokyo's Chuo Ward on June 20, 2012. Hokuetsu Kishu Paper is considering purchasing a stake of around 20 percent in scandal-tainted Daio Paper Corp. for around 10 billion yen to become its largest stockholder, a company source said the same day.

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Hokuetsu to form business tie-up with Nippon Paper

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (L) shakes hands with Nippon Paper Group Inc. President Masatomo Nakamura in Tokyo on Sept. 12. Hokuetsu, the recent target of an unsuccessful hostile takeover bid by Japan's largest paper mill Oji Paper Co., said the same day it will consider forming a business tie-up with Nippon Paper Industries Co.

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Oji Paper says takeover bid for Hokuetsu 'likely to fail'

TOKYO, Japan - Oji Paper Co. President Kazuhisa Shinoda speaks at a press conference in Tokyo on Aug. 29. He said that his company's ongoing takeover bid for Hokuetsu Paper Mills Ltd. ''is likely to fail,'' effectively ending the bid by the largest Japanese papermaker to merge with its smaller rival.

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Niigata mayor backs Hokuetsu's efforts to foil Oji takeover bid

NIIGATA, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (R) calls on Niigata Mayor Akira Shinoda (L) on Aug. 10 to ask for support for his company's efforts to thwart a hostile takeover bid by industry leader Oji Paper Co.

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No plan for now to up purchase price for Hokuetsu shares: Oji

TOKYO, Japan - Kazuhisa Shinoda, president of Oji Paper Co., speaks at a news conference in Tokyo on Aug. 11 about the company's ongoing hostile takeover bid for Hokuetsu Paper Mills Ltd.

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Hokuetsu may mull tie-up with Nippon Paper to foil Oji takeover bid

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (L) speaks at a press conference in Tokyo on Aug. 9. He said the may consider forming an alliance with Nippon Paper Group Inc., the holding firm of Japan's second-largest papermaker, to thwart a hostile takeover bid by industry leader Oji Paper Co.

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Independent Hokuetsu panel OKs anti-takeover steps vs. Oji

TOKYO, Japan - Toshiji Sato, chairman of Hokuetsu Paper Mills Ltd.'s independent panel, speaks with reporters late Aug. 8 after recommending that the company initiate measures to try to foil a hostile takeover bid by industry leader Oji Paper Co.

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Nippon Paper eyes equity stake in Hokuetsu to block Oji bid

TOKYO, Japan - Nippon Paper Group Inc. President Masatomo Nakamura speaks at a news conference in Tokyo Aug. 3 as his company said it will buy Hokuetsu Paper Mills Ltd. shares to block an Oji Paper Co. bid to merge with Hokuetsu.

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Oji to launch hostile takeover bid for Hokuetsu Wed.

TOKYO, Japan - Oji Paper Co. President Kazuhisa Shinoda tells a press conference in Tokyo on Aug. 1 that the company will launch a hostile tender offer for Hokuetsu Paper Mills Ltd. shares at 800 yen per share but that the price will be raised to 860 yen if Hokuetsu drops its capital boost plan under an accord with Mitsubishi Corp.

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Hokuetsu Paper rebuffs takeover proposal by Oji Paper

TOKYO, Japan - Oji Paper Co. President Kazuhisa Shinoda speaks at a press conference in Tokyo on July 24 on his company's business integration with Hokuetsu Paper Mills Ltd.

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Hokuetsu Paper rebuffs takeover proposal by Oji Paper

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa speaks at a press conference in Tokyo on July 24. He said Japan's sixth largest paper company rejected a hostile takeover bid by Oji Paper Co., the country's No. 1 paper producer, by sticking to a planned capital and business tie-up with Mitsubishi Corp.

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Oji Paper to wage hostile takeover bid for Hokuetsu Paper Mills

TOKYO, Japan - Kazuhisa Shinoda, president of Japan's No. 1 paper producer Oji Paper Co., speaks at a news conference in Tokyo about the company's takeover bid to make Hokuetsu Paper Mills Ltd. a wholly owned subsidiary.

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Hokuetsu Paper rebuffs takeover proposal by Oji Paper

TOKYO, Japan - Oji Paper Co. President Kazuhisa Shinoda speaks at a press conference in Tokyo on July 24 on his company's business integration with Hokuetsu Paper Mills Ltd. (Kyodo)

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Oji Paper to wage hostile takeover bid for Hokuetsu Paper Mills

TOKYO, Japan - Kazuhisa Shinoda, president of Japan's No. 1 paper producer Oji Paper Co., speaks at a news conference in Tokyo about the company's takeover bid to make Hokuetsu Paper Mills Ltd. a wholly owned subsidiary. (Kyodo)

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Hokuetsu Paper rebuffs takeover proposal by Oji Paper

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa speaks at a press conference in Tokyo on July 24. He said Japan's sixth largest paper company rejected a hostile takeover bid by Oji Paper Co., the country's No. 1 paper producer, by sticking to a planned capital and business tie-up with Mitsubishi Corp. (Kyodo)

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Oji to launch hostile takeover bid for Hokuetsu Wed.

TOKYO, Japan - Oji Paper Co. President Kazuhisa Shinoda tells a press conference in Tokyo on Aug. 1 that the company will launch a hostile tender offer for Hokuetsu Paper Mills Ltd. shares at 800 yen per share but that the price will be raised to 860 yen if Hokuetsu drops its capital boost plan under an accord with Mitsubishi Corp. (Kyodo)

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Nippon Paper eyes equity stake in Hokuetsu to block Oji bid

TOKYO, Japan - Nippon Paper Group Inc. President Masatomo Nakamura speaks at a news conference in Tokyo Aug. 3 as his company said it will buy Hokuetsu Paper Mills Ltd. shares to block an Oji Paper Co. bid to merge with Hokuetsu. (Kyodo)

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Independent Hokuetsu panel OKs anti-takeover steps vs. Oji

TOKYO, Japan - Toshiji Sato, chairman of Hokuetsu Paper Mills Ltd.'s independent panel, speaks with reporters late Aug. 8 after recommending that the company initiate measures to try to foil a hostile takeover bid by industry leader Oji Paper Co. (Kyodo)

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Hokuetsu may mull tie-up with Nippon Paper to foil Oji takeover

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (L) speaks at a press conference in Tokyo on Aug. 9. He said the may consider forming an alliance with Nippon Paper Group Inc., the holding firm of Japan's second-largest papermaker, to thwart a hostile takeover bid by industry leader Oji Paper Co. (Kyodo)

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Niigata mayor backs Hokuetsu's efforts to foil Oji takeover bid

NIIGATA, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (R) calls on Niigata Mayor Akira Shinoda (L) on Aug. 10 to ask for support for his company's efforts to thwart a hostile takeover bid by industry leader Oji Paper Co. (Kyodo)

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No plan for now to up purchase price for Hokuetsu shares: Oji

TOKYO, Japan - Kazuhisa Shinoda, president of Oji Paper Co., speaks at a news conference in Tokyo on Aug. 11 about the company's ongoing hostile takeover bid for Hokuetsu Paper Mills Ltd. (Kyodo)

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Oji Paper says takeover bid for Hokuetsu 'likely to fail'

TOKYO, Japan - Oji Paper Co. President Kazuhisa Shinoda speaks at a press conference in Tokyo on Aug. 29. He said that his company's ongoing takeover bid for Hokuetsu Paper Mills Ltd. ''is likely to fail,'' effectively ending the bid by the largest Japanese papermaker to merge with its smaller rival. (Kyodo)

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Hokuetsu to form business tie-up with Nippon Paper

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (L) shakes hands with Nippon Paper Group Inc. President Masatomo Nakamura in Tokyo on Sept. 12. Hokuetsu, the recent target of an unsuccessful hostile takeover bid by Japan's largest paper mill Oji Paper Co., said the same day it will consider forming a business tie-up with Nippon Paper Industries Co. (Kyodo)

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Rivalry intensifies as Hokuetsu refuses to back Daio Paper chief

Undated photos show Daio Paper Corp. President Masayoshi Sako (L) and Hokuetsu Kishu Paper Co. President Sekio Kishimoto. Hokuetsu has refused to support the reappointment of Sako as Daio president, sources close to the matter said on June 16, 2015. Hokuetsu is Daio's top shareholder with a stake of over 20 percent. (Kyodo) ==Kyodo