Tenryu Saw Mfg. (5945) · InitiativeAchieved
Lower investment unit and broader 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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Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Comparing 200 of the theme's 1045 threads.Full recordFilings, disclosures and news, newest first
- FY2024-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 June 2023, the company conducted a share split and partially amended its Articles of Incorporation in connection with the share split, effective 1 October 2023.」
Effective 1 October 2023, the company conducted a 2-for-1 share split of its common shares. The number of issued shares increased from 5,573,817 to 11,147,634, and the number of authorized shares from 22,295,268 to 44,590,536. The measure was implemented to lower the investment unit, broaden the investor base and improve share liquidity. - FY2024-Q1First statedAnnual report
「The purpose is to create an environment in which investors can invest more easily by conducting a stock split and lowering the investment unit amount for our shares, thereby broadening the investor base and improving the liquidity of our shares.」
The company resolved to split each common share into 2 shares, effective 1 October 2023. The number of issued shares is expected to increase from 5,573,817 to 11,147,634, and the number of authorized shares from 22,295,268 to 44,590,536, with the aim of lowering the investment unit, broadening the investor base and improving share liquidity.