Shinagawa Refra (5351) · InitiativeAchieved
Lowering the investment unit and expanding liquidity and the investor base through a stock split
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
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- FY2024-Q2AchievedAnnual report
「A stock split was conducted at a ratio of 5 common shares for every 1 share effective 1 October 2023.」
On 1 October 2023, 1 share was split into 5 shares, increasing the number of shares outstanding from 9,429,366 to 47,146,830. The stock split, aimed at lowering the investment unit and improving liquidity, has been completed. - FY2024-Q1First statedAnnual report
「The purpose is to lower the investment amount per unit of our shares, create an environment in which investors can invest in our shares more easily, improve the liquidity of our shares and broaden our investor base.」
A resolution was passed to conduct a 5-for-1 stock split of common shares, with 30 September 2023 as the record date and the split taking effect on 1 October 2023. The number of shares outstanding was expected to increase from 9,429,366 to 47,146,830.