Lower Investment Unit Size and Higher Liquidity Through a Stock Split
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
- FY2021AchievedAnnual report
「With 31 January 2021 (Sunday), effectively 29 January 2021 (Friday), as the record date, the common shares held by shareholders listed or recorded in the final shareholder registry on that date were split at a ratio of 4 shares for every 1 share.」
The Company disclosed that the stock split resolved on 15 December 2020 was completed, with 1 share split into 4 shares effective 1 February 2021. - FY2021-Q3First statedAnnual report
「The purpose is to reduce the amount required per investment unit, create an environment that makes investment more accessible, improve share liquidity and broaden the investor base. Using 31 January 2021 as the record date, effectively 29 January 2021, 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 4 shares for each share.」
The Board resolved at its meeting on 15 December 2020 to conduct a stock split. Effective 1 February 2021, 1 share was to be split into 4 shares to reduce the investment unit and improve liquidity and broaden the investor base.