Lowering the Investment Unit and Improving Liquidity through a Share Split
First written in FY2019-Q2. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
- FY2019-Q3AchievedAnnual report
「Effective 1 December 2018, the company conducted a share split at a ratio of 3 shares for each common share. As a result, the total number of shares issued increased by 2,386,070 to 3,579,105.」
A share split at a ratio of 3 shares for each share was conducted effective 1 December 2018, increasing the total number of shares issued by 2,386,070 to 3,579,105. The initiative to reduce the investment amount per trading unit and improve liquidity has been implemented. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 9 November 2018, the company resolved to conduct a share split and partially amend its Articles of Incorporation. The purpose is to increase the liquidity of the company's shares by reducing the investment amount per trading unit, create an environment that makes it easier for investors to invest, and further expand the investor base. Effective as of the record date of 30 November 2018, each common share held by shareholders listed or recorded in the final shareholder register on that date will be split into 3 shares. Effective date: 1 December 2018 (Saturday)」
The company first stated explicitly its policy of splitting 1 share into 3 to reduce the investment amount per trading unit and expand share liquidity and the investor base. The record date and effective date were also established.