Optimizing the Investment Unit and Number of Shares Through a Share Consolidation
First written in FY2017. 1 of 4 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2019-Q2.
117 other companies' latest entry also says "Achieved".
- FY2019-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 15 October 2018, the Company resolved to submit the proposal concerning the share consolidation described below to the 8th Annual Shareholders’ Meeting held on 29 November 2018. The proposal was approved at that meeting, and became effective on 1 March 2019.」
The consolidation of 5 shares into 1 share became effective on 1 March 2019 following approval at the shareholders’ meeting. The total number of issued shares decreased from 79,968,601 to 15,993,720. - FY2018RestatedAnnual report
「If the share consolidation results in fractions of less than 1 share, the fractions will be sold collectively or purchased by the Company as treasury shares in accordance with the Companies Act, and the proceeds will be distributed to the shareholders holding the fractions in proportion to their respective fractional interests.」
The implementation details and treatment of fractions following shareholders’ approval continue to be disclosed for the consolidation of 5 shares into 1 share. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 October 2017, the Company resolved to submit a proposal concerning the share consolidation to the 7th Annual General Meeting of Shareholders held on 29 November 2017, where it was approved. Accordingly, effective 1 March 2018, the Company will consolidate its common shares at a ratio of 1 share for every 5 shares and change the total number of authorized shares from 184,000,000 to 36,800,000.」
The plan based on approval at the previous shareholders’ meeting progressed, and the share consolidation was approved at the annual shareholders’ meeting held on 29 November 2017. The effective date is 1 March 2018, when 5 shares will be consolidated into 1 share. - FY2017First statedAnnual report
「Subject to obtaining shareholders' approval at this Annual General Meeting of Shareholders, we have decided to conduct a share consolidation at a ratio of 5 shares to 1 share.」
Against the backdrop of an increase in the number of shares issued and a low investment unit, the Company presented a plan to consolidate 5 shares into 1 share, effective 1 March 2018, reducing the total number of shares issued from 76,408,601 to 15,281,720.