Phil Company (3267) · InitiativeAchieved
Lowering the Investment Unit and Improving Share Liquidity Through a Stock Split
First written in FY2017-Q1. 1 of 2 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2017-Q3.
2entries
1years
0from disclosures
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- FY2017-Q3AchievedAnnual report
「The Company conducted a share split at a ratio of 2 shares for every 1 common share, effective 15 April 2017.」
The planned share split from 1 share into 2 shares was completed effective 15 April 2017, as of the first quarter. - FY2017-Q1First statedAnnual report
「To create an environment in which investors can invest more easily, the Company intends to reduce the amount per investment unit through a share split, thereby improving the liquidity of its shares and further expanding its investor base. With 14 April 2017 as the record date, the Company will split the common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 2 shares for every 1 share.」
The Company described a plan to split 1 share into 2 shares to lower the investment unit and expand share liquidity and the investor base.