Optimizing Investment Units Through Share Consolidations and Changes in the Number of Shares per Trading Unit
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 28 April 2017, the Company resolved to partially amend its Articles of Incorporation in connection with changing the number of shares constituting one trading unit from 1,000 shares to 100 shares. At the Annual General Meeting of Shareholders held on 23 June of the same year, a proposal was submitted and approved to consolidate 10 common shares into 1 share and change the total number of authorized shares from 360,000 thousand shares to 36,000 thousand shares. The partial amendment to the Articles of Incorporation and the share consolidation took effect on 1 October 2017.」
Following the required resolutions and approvals, the change in the number of shares constituting one trading unit from 1,000 shares to 100 shares and the consolidation of 10 common shares into 1 share took effect on 1 October 2017. The process progressed from planning to completion of implementation. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 April 2017, the Company resolved to change the number of shares constituting one trading unit and partially amend its Articles of Incorporation. At the same meeting, it resolved to submit a proposal concerning the share consolidation to the 93rd Annual General Meeting of Shareholders held on 23 June 2017, where the proposal was approved. As a result, effective from 1 October 2017, the number of shares constituting one trading unit was changed from 1,000 shares to 100 shares, and the Company’s common shares were consolidated at a ratio of 1 share for every 10 shares.」
The Board of Directors’ resolution and approval at the Annual General Meeting of Shareholders concerning the share consolidation and change in the number of shares constituting one trading unit have been completed. The Company has proceeded to implementation ahead of the effective date of 1 October 2017. - FY2017First statedAnnual report
「The number of shares constituting one trading unit of the Company’s shares will be changed from 1,000 shares to 100 shares. At the same time, the Company will conduct a 10-for-1 share consolidation to maintain the investment unit at the level deemed desirable by the stock exchange, from ¥50,000 to less than ¥500,000.」
To maintain the investment unit at the desired level, the Company presented a plan to consolidate 10 shares into 1 share on 1 October 2017 and change the number of shares constituting one trading unit from 1,000 shares to 100 shares.