Improving Liquidity and Expanding the Investor Base Through a Stock Split
First written in FY2017-Q2. 3 of 4 entries say "Advanced", first in FY2017. Latest entry: FY2018-Q2.
- FY2018-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 9 August 2017, the Company conducted a stock split effective 1 October 2017. The purpose of the split was to improve the liquidity of the Company’s shares and further broaden its investor base by creating a more accessible investment environment and reducing the investment amount per trading unit.」
The Company conducted a 1-for-2 stock split effective 1 October 2017 and proceeded with measures to improve liquidity and broaden the investor base by lowering the investment unit amount. - FY2018-Q1AdvancedAnnual report
「At a Board of Directors meeting held on 9 August 2017, the Company resolved to conduct a stock split effective 30 September 2017, as described below. The purpose of the split was to improve the liquidity of the Company’s shares and further broaden its investor base by creating a more accessible investment environment and reducing the investment amount per trading unit.」
The Company resolved to conduct an additional 1-for-2 stock split, with 30 September 2017 as the record date and 1 October as the effective date, and proceeded with measures to improve liquidity and broaden the investor base. - FY2017AdvancedAnnual report
「The purpose is to improve the liquidity of the company's shares and further expand its investor base by conducting a stock split and lowering the investment amount per trading unit, thereby creating an environment in which investors can invest more easily.」
A further 1-for-2 stock split was conducted effective 1 April 2017 as an additional measure to improve liquidity and broaden the investor base. - FY2017-Q2First statedAnnual report
「Based on a resolution of the Board of Directors meeting held on 18 August 2016, the Company conducted a stock split effective 1 October 2016. The purpose of the split was to improve the liquidity of the Company’s shares and further broaden its investor base by creating a more accessible investment environment and reducing the investment amount per trading unit. With 30 September 2016 as the record date, the common shares held by shareholders listed or recorded in the final shareholder register on that date were split at a ratio of 2 shares for each 1 share.」
The purpose of the 1-for-2 stock split effective 1 October 2016 was explicitly stated as improving share liquidity and broadening the investor base by lowering the investment unit amount.