Standardizing Trading Units Through a Share Consolidation and a Change in the Number of Shares per Unit
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
117 other companies' latest entry also says "Achieved".
- FY2018-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 20 April 2017, the Company resolved to submit proposals concerning the share consolidation and change in the number of shares constituting one trading unit to the 118th Annual General Meeting of Shareholders held on 29 June 2017. The proposals were approved at that meeting, and became effective on 1 October 2017.」
The share consolidation and change in the number of shares constituting one trading unit were implemented on 1 October 2017. The number of shares constituting one trading unit changed from 1,000 shares to 100 shares, and the shares were consolidated at a ratio of 10 shares to 1 share. - FY2017First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect the purpose of this policy and will change the number of shares constituting one trading unit for our common shares from 1,000 shares to 100 shares. At the same time, to maintain the price level per trading unit after this change and ensure that the number of voting rights held by shareholders does not change, we will consolidate our shares at a ratio of 10 shares to 1 share. Effective 1 October 2017, the shares held by shareholders listed in the final shareholder register as of 30 September 2017 will be consolidated at a ratio of 1 share for every 10 common shares.」
As a response to the exchange’s policy of standardizing trading units, the Company has resolved to change the number of shares constituting one trading unit from 1,000 shares to 100 shares and consolidate 10 shares into 1 share.