Lowering the Investment Unit and Improving Liquidity through a Stock Split
First written in FY2024-Q1. 1 of 3 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2025-H1.
13 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「Effective 1 October 2024, the Company carried out a stock split at a ratio of 2 shares for every 1 common share.」
Effective 1 October 2024, the Company carried out another 1-for-2 stock split, increasing the total number of shares issued from 13,838,908 to 27,677,816. The objectives were to lower the investment unit, improve liquidity and expand the investor base. - FY2024-Q2AchievedAnnual report
「The Company split the common shares held by shareholders listed or recorded on the final shareholder register as of Saturday, 30 September 2023※, at a ratio of 2 shares for every 1 share.」
A 1-for-2 stock split was carried out effective 1 October 2023, increasing the total number of shares issued from 6,919,454 to 13,838,908. - FY2024-Q1First statedAnnual report
「The purpose is to create an environment in which investors can invest more easily by lowering the trading value of one investment unit, thereby improving the liquidity of the Company's shares and expanding its investor base." "The Company will split its common shares held by shareholders listed or recorded on the final shareholder register as of Saturday, 30 September 2023※, at a ratio of 2 shares for every 1 share." "Effective date: Sunday, 1 October 2023"」
The Board of Directors resolved on 9 August 2023 to split 1 share into 2 shares, thereby lowering the trading value of one investment unit to improve share liquidity and expand the investor base. With 1 October 2023 as the effective date, the number of shares outstanding was scheduled to increase from 6,919,454 to 13,838,908.