Optimizing the Investment Unit through a Reverse Stock Split
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021-Q2.
117 other companies' latest entry also says "Achieved".
- FY2021-Q2AchievedAnnual report
「The Articles of Incorporation were amended effective 1 May 2021 in connection with the share consolidation. The total number of authorized shares will decrease by 580,556,000 shares to 250,000,000 shares.」
The consolidation of 10 shares into 1 share took effect on 1 May 2021, implementing the plan to optimize the investment unit. - FY2021-Q1AdvancedAnnual report
「Pursuant to a resolution at the 32nd Annual General Meeting of Shareholders held on 28 January 2021, the Articles of Incorporation were amended effective 1 May 2021 in connection with the share consolidation. The total number of authorized shares will decrease by 580,556,000 shares to 250,000,000 shares.」
The Annual General Meeting of Shareholders approved the consolidation of 10 shares into 1 share, advancing preparations for implementation on 1 May 2021. - FY2020First statedAnnual report
「The Company aims to adjust the investment unit for its shares to an appropriate level commensurate with its size by consolidating 10 shares into 1 share, thereby adjusting the investment unit for its shares to an appropriate level commensurate with its size.」
The Company newly disclosed a plan to consolidate 10 shares into 1 share on 1 May 2021, bringing the investment unit closer to the desirable range of ¥50,000 or more but less than ¥500,000 indicated by the Tokyo Stock Exchange.