Lowering the Minimum Investment Amount and Expanding the Investor Base Through a Stock Split
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
- FY2023-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors dated 5 August 2022, the company carried out a stock split and partially amended its articles of incorporation in connection with the stock split, effective 1 October 2022.」
The company carried out a stock split on 1 October 2022 at a ratio of 3 shares for every 1 share, increasing the total number of issued shares from 95,786,214 to 287,358,642. The measure, aimed at lowering the minimum investment amount, improving liquidity, and expanding the investor base and number of shareholders, was implemented. - FY2023-Q1First statedAnnual report
「The purpose of the stock split is to create an environment in which investors can invest more easily by lowering the amount required per investment unit in the company’s shares (the minimum investment amount) and improving share liquidity through an increase in the number of tradable shares, thereby expanding the investor base and further increasing the number of shareholders. With 30 September 2022 as the record date, the company will split its common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 3 shares for every 1 share.」
The company announced, as a subsequent event, a policy to split 1 share into 3 shares, with 30 September 2022 as the record date and 1 October as the effective date, in order to lower the minimum investment amount, improve share liquidity, and expand the investor base and number of shareholders.