Improving Liquidity and Expanding the Investor Base Through a Stock Split
First written in FY2018. 1 of 2 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2021-Q3.
- FY2021-Q3MitigatedAnnual report
「Total liabilities at the end of the third quarter of the current consolidated fiscal year were ¥7,474.842 million, a decrease of ¥7,957.237 million from the end of the previous consolidated fiscal year. This was mainly because, as with the previously mentioned assets, certain consolidated subsidiaries were excluded from consolidation following the transfer of their shares, reducing operating liabilities and other liabilities, bonds and borrowings, lease liabilities and other operating-related liabilities.」
The exclusion of subsidiaries from consolidation and borrowing repayments reduced total liabilities and operating-related liabilities, including bonds and borrowings and lease liabilities, thereby reducing exposure to borrowings. - FY2018First statedAnnual report
「The purpose is to improve the liquidity of the Company's shares and broaden its investor base by conducting a stock split and creating an environment that makes investment more accessible through a lower investment unit amount.」
The stock split effective 1 July 2018, at a ratio of 1 share becoming 3 shares, was intended to lower the investment unit amount, improve liquidity and broaden the investor base.