Lowering the Investment Unit and Improving Share Liquidity through a Stock Split
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
- FY2024-Q3AchievedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 13 November 2023, the company conducted a stock split effective 1 January 2024.」
The planned stock split at a ratio of 5 shares for every 1 share took effect on 1 January 2024, completing the initiative to lower the investment unit price and improve share liquidity. - FY2024-Q2First statedAnnual report
「The company will conduct a stock split to lower the investment unit price of its shares, thereby creating an environment that makes it easier for investors to invest, expanding its investor base, and improving the liquidity of its shares. Common shares held by shareholders listed or recorded in the final shareholder register on the record date of 31 December 2023 (Sunday) will be split at a ratio of 5 shares for every 1 share. As 31 December was a non-business day for the shareholder registry administrator, the effective record date was 29 December 2023 (Friday). Effective date: 1 January 2024 (Monday).」
The company decided to conduct a stock split, effective 1 January 2024, at a ratio of 5 shares for every 1 share. The split is intended to lower the investment unit price, expand the investor base, and improve share liquidity.