Ips (4390) · InitiativeAchieved
Lowering the Investment Unit and Improving Liquidity through a Stock Split
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
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1years
0from disclosures
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- FY2019AchievedAnnual report
「Effective 1 January 2019, the company conducted a stock split at a ratio of 5 common shares for every 1 share.」
The stock split was implemented effective 1 January 2019, completing the initiative to lower the investment unit, improve liquidity, and expand the investor base. - FY2019-Q3First statedAnnual report
「The purpose is to create an environment that makes investment easier by lowering the amount required per investment unit of the company’s shares, thereby improving share liquidity and expanding the investor base.」
The company decided to and implemented a 5-for-1 stock split of its common shares, effective 1 January 2019. The stated objectives were to lower the investment unit, improve share liquidity, and expand the investor base.