Waseda Academy (4718) · InitiativeAchieved
Lowering the Investment Unit and Expanding the Investor Base Through a Stock Split
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020-Q1.
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- FY2020-Q1AchievedAnnual report
「On 1 April 2019, the Company conducted a stock split at a ratio of 2 shares for every 1 common share.」
The 2-for-1 stock split resolved in the previous quarter was carried out effective 1 April 2019, completing the reduction of the investment unit. - FY2019-Q3First statedAnnual report
「The purpose is to improve the liquidity of our shares and expand our investor base by lowering the investment unit. With 31 March 2019 as the record date, we will conduct a 2-for-1 stock split of the common shares held by shareholders listed or recorded in the final shareholder register on that date.」
The Board of Directors resolved to conduct a stock split at its meeting held on 31 January 2019. With 1 April 2019 as the effective date, common shares will be split into 2 shares for each share, lowering the investment unit and aiming to improve liquidity and expand the investor base.