Lowering the Investment Unit and Improving Liquidity Through a Stock Split
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
116 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「The purpose of this stock split is to lower the value of an investment unit and improve share liquidity, creating an environment that makes investing more accessible to investors.」
On 1 October 2019, the company split 1 common share into 2 shares, lowering the investment unit and improving share liquidity. - FY2019-Q3First statedAnnual report
「The company will conduct a stock split so that the value of an investment unit of its shares, defined as 100 shares, falls within the desired investment-unit range of ¥50,000 or more and less than ¥500,000 stipulated in Article 445 of the Tokyo Stock Exchange Securities Listing Regulations. The purpose of the stock split is to lower the value of an investment unit and improve share liquidity, creating an environment that makes investing more accessible to investors.」
The company decided to split 1 common share into 2 shares, with 30 September 2019 as the record date and 1 October 2019 as the effective date. The purpose is to lower the investment unit and improve share liquidity.