Expanding the shareholder base and improving share liquidity through an international offering and stock split
First written in FY2017-Q1. 1 of 2 entries say "Achieved", first in FY2017-Q2. Latest entry: FY2017-Q2.
116 other companies' latest entry also says "Achieved".
- FY2017-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 29 July 2016, the Company conducted a stock split effective 1 October 2016. The purpose was to improve share liquidity and broaden the investor base by lowering the amount required per investment unit.」
The 1-for-3 stock split was implemented effective 1 October 2016, completing the execution of the initiative to improve share liquidity and broaden the investor base. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 18 May 2016, the Company resolved to conduct an international offering of 5,900,000 shares of its common stock, representing 5.5% of issued shares, and subsequently completed the offering. The offering was conducted to expand the overseas shareholder base and improve share liquidity.」
The Company completed an international offering, with the stated objectives of expanding the overseas shareholder base and improving liquidity. It also resolved to conduct a 1-for-3 stock split, effective with 30 September 2016 as the record date, indicating an effort to improve liquidity by lowering the investment unit and broaden the investor base.