Enhancing Shareholder Value Through Stock Splits and Share Repurchases

「A share split was conducted effective 1 April 2026, with each ordinary share split into 1.05 shares. As a result, the number of issued shares increased by 1,541,573 to 32,373,036.」

「Expenditure on the acquisition of treasury shares △ ¥978 thousand」

「Treasury shares acquired during the fiscal year: 471,115 601,613」

「Expenditure on the acquisition of treasury shares: ¥621 million」

「A share split was conducted effective 1 April 2024, with each ordinary share split into 1.1 shares. As a result, the number of issued shares increased by 2,994,060 to 32,934,663.」

「Effective 1 April 2024, the company will conduct a share split at a ratio of 1.1 shares for each ordinary share held by shareholders recorded in the final shareholder register as of 31 March 2024 (Sunday).」

「A share split was conducted effective 1 April 2023, at a ratio of 1.1 shares for each ordinary share, but quarterly net income per share and net income per share were calculated assuming that the share split had been conducted at the beginning of the 44th fiscal year.」

「A share split was conducted effective 1 April 2023, with each ordinary share split into 1.1 shares. As a result, the number of issued shares increased by 2,721,873 to 29,940,603.」

「On 13 January 2023, the company acquired 330,110 ordinary shares for ¥473.047 million.」

「A share split was conducted effective 1 April 2022, at a ratio of 1.1 shares for each ordinary share.」

「A share split was conducted effective 1 April 2022, with each ordinary share split into 1.1 shares. As a result, the number of issued shares increased by 2,474,430 to 27,218,730.」

「At a meeting of the Board of Directors held on 28 January 2022, the company resolved as set forth below regarding the share split and the partial amendment of the Articles of Incorporation accompanying the share split.」

「Expenditure on the acquisition of treasury shares: ¥843.7 million」

「A share split was conducted effective 1 April 2021, at a ratio of 1.1 shares for each ordinary share, but」

「A share split was conducted effective 1 April 2021, at a ratio of 1.1 shares for each ordinary share.」

「Effective 1 April 2021, the company will conduct a share split at a ratio of 1.1 shares for each ordinary share held by shareholders recorded in the final shareholder register as of 31 March 2021 (Wednesday).」

「A share split was conducted effective 1 April 2020, at a ratio of 1.1 shares for each ordinary share, but」

「A share split was conducted effective 1 April 2020, at a ratio of 1.1 shares for each ordinary share.」

「At a meeting of the Board of Directors held on 30 January 2020, the company resolved as set forth below regarding the share split and the partial amendment of the Articles of Incorporation accompanying the share split.」

「A share split was conducted effective 1 April 2019, at a ratio of 1.1 shares for each ordinary share.」

「A share split was conducted effective 1 April 2019, at a ratio of 1.1 shares for each ordinary share.」

「Our basic policy is to conduct stock splits, share repurchases and other measures intended to enhance shareholder value after comprehensively considering market conditions, capital efficiency and other factors.」

「At a Board of Directors meeting held on 30 January 2019, the Company resolved as follows concerning the stock split and partial amendments to the Articles of Incorporation accompanying the stock split.」

「Based on the resolution of the Board of Directors meeting held on 17 May 2018, the Company acquired 550,000 treasury shares. As a result of this acquisition and other factors, treasury shares increased by ¥824 million during the six-month period ended 30 September 2018, reaching ¥2,266 million at the end of the second quarter of the fiscal year.」

「Effective 1 April 2018, the Company conducted a stock split at a ratio of 1.1 shares for each common share. On 6 July 2018, it acquired 550,000 common shares from 英和商事株式会社 for ¥816 million.」

「At a Board of Directors meeting held on 17 May 2018, the Company resolved to acquire treasury shares through a tender offer. The details of the tender offer are as follows.」

「At a Board of Directors meeting held on 31 January 2018, the Company resolved as follows concerning the stock split and partial amendments to the Articles of Incorporation accompanying the stock split.」

「The main factors were expenditures of ¥613 million for share repurchases and ¥258 million for dividend payments.」

「Effective 1 April 2017, the Company conducted a stock split at a ratio of 1.1 shares for each common share.」

「At a Board of Directors meeting held on 31 January 2017, the Company resolved as follows concerning the stock split and partial amendments to the Articles of Incorporation accompanying the stock split.」

「Effective 1 April 2016, the Company conducted a stock split at a ratio of 1.1 shares for each common share.」

「Our basic policy is to conduct stock splits, share repurchases and other measures intended to enhance shareholder value after comprehensively considering market conditions, capital efficiency and other factors.」