Lowering the Minimum Investment Amount Through a Stock Split, Broadening the Investor Base and Improving Liquidity
First written in FY2017-Q1. 2 of 3 entries say "Achieved", first in FY2017-Q2. Latest entry: FY2018-Q3.
- FY2018-Q3AchievedAnnual report
「Effective 1 January 2018, the shares held by shareholders recorded in the shareholder registry as of 31 December 2017, which was effectively 29 December 2017 because 31 December was a non-business day for the shareholder registry administrator, will be split at a ratio of 2 shares for each share.」
A 1-for-2 stock split was carried out to reduce the investment unit price, broaden the investor base and improve share liquidity. - FY2017-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 5 August 2016, the Company is conducting the following stock split to reduce the investment unit price, create an environment in which investors can invest more easily, broaden its investor base and improve the liquidity of its shares. 1. Split ratio and timing: Effective 1 October 2016, the shares held by shareholders recorded in the shareholder registry as of 30 September 2016 will be split at a ratio of 3 shares for each share.」
A 1-for-3 stock split was carried out effective 1 October 2016, completing the measure to reduce the investment unit price. - FY2017-Q1First statedAnnual report
「The Company aims to create an environment in which investors can invest more easily by conducting a stock split to reduce the investment unit price, thereby broadening its investor base and improving the liquidity of its shares.」
A resolution was passed to conduct a 1-for-3 stock split, with 30 September 2016 as the record date and 1 October 2016 as the effective date.