Lowering the Investment Unit and Improving Share Liquidity Through a Stock Split
First written in FY2021-Q2. 1 of 3 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021.
- FY2021AchievedAnnual report
「Effective 1 March 2021, the Company made a gratis allotment of treasury shares at a ratio of 0.2 common shares for every 1 common share.」
The previously planned gratis allotment using treasury shares was carried out effective 1 March 2021. The Company disclosed that 1,926,665 shares were disposed of through the gratis allotment. - FY2021-Q3AdvancedAnnual report
「Based on a resolution adopted at a meeting of the Board of Directors held on 29 January 2021, the Company will make a gratis allotment of shares effective 1 March 2021.」
The Company decided to make a gratis allotment of 0.2 common shares for every 1 share effective 1 March 2021, using treasury shares. The planned number of shares to be delivered is 1,926,665, and the purpose is to improve share liquidity and broaden the investor base. - FY2021-Q2First statedAnnual report
「Based on a resolution adopted at the extraordinary meeting of the Board of Directors held on 26 August 2020, the Company conducted a 2-for-1 stock split effective 1 October 2020. The purpose was to improve the liquidity of the Company's shares and broaden its investor base by lowering the investment amount per unit. Using 30 September 2020 as the record date, the Company 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.」
Effective 1 October 2020, the Company split its common shares at a ratio of 2 shares for every 1 share, lowering the investment amount per unit with the aim of improving share liquidity and broadening its investor base. This was the first disclosure of the measure.