Lowering the Investment Unit and Improving Liquidity through a Share Split
First written in FY2018-Q3. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2018.
- FY2018AchievedAnnual report
「On 1 October 2018, the company carried out a stock split at a ratio of 2 shares for every 1 common share. The dividend forecast for the next fiscal year reflects the stock split.」
The company completed the initiative of splitting 1 share into 2 shares on 1 October 2018 to reduce the investment unit size and improve liquidity. - FY2018-Q3First statedAnnual report
「The purpose is to create an environment in which investors can invest more easily by carrying out a stock split and reducing the amount per investment unit, thereby further expanding the investor base and improving the liquidity of the company’s shares. With 30 September 2018 (Sunday; effectively 28 September, Friday, because 30 September was a non-business day for the shareholder registry administrator) as the record date, the company will split the common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 2 shares for every 1 share.」
The company decided to split 1 share into 2 shares, with 30 September 2018 as the record date and 1 October 2018 as the effective date, to reduce the investment unit size, expand the investor base and improve share liquidity.