Lower Investment Unit and Improved Liquidity Through a Stock Split
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023-Q3.
- FY2023-Q3AchievedAnnual report
「In November 2022, the Company conducted a stock split at a ratio of 2 shares for each common share, with the aim of lowering the investment unit per share, increasing the liquidity of its shares, raising the market capitalization of tradable shares and total market capitalization, and further expanding the investor base.」
The Company conducted in November 2022 the 2-for-1 stock split of common shares that had been resolved during the previous quarter. The split was intended to lower the investment unit, increase share liquidity and expand the investor base. - FY2023-Q2First statedAnnual report
「The purpose is to lower the investment unit per share, thereby increasing the liquidity of the Company's shares, raising the market capitalization of tradable shares and total market capitalization, and further expanding the investor base. With 25 November 2022 as the record date, the Company will conduct a 2-for-1 stock split of common shares held by shareholders recorded in the final shareholder register on that date.」
The Company resolved to conduct a 2-for-1 stock split, with 25 November 2022 as the record date and 26 November 2022 as the effective date, as a measure to lower the investment unit, increase liquidity, raise the market capitalization of tradable shares and total market capitalization, and expand the investor base.