Reducing the Investment Unit and Improving Liquidity Through a Share Split
First written in FY2017-Q3. 2 of 3 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2018.
- FY2018AchievedAnnual report
「Based on a resolution adopted at the Board of Directors meeting held on 8 February 2018, the Company conducted a stock split at a ratio of 3 shares for each common share effective 1 March 2018.」
The stock split from 1 common share into 3 shares resolved in the previous filing was implemented effective 1 March 2018. - FY2018-Q3AdvancedAnnual report
「At a Board of Directors meeting held on 8 February 2018, the Company resolved to conduct a stock split as described below.」
To lower the amount required per investment unit, improve liquidity and broaden the investor base, the Company resolved to split 1 common share into 3 shares, with 28 February 2018 as the record date and 1 March 2018 as the effective date. A new specific measure was decided under the existing stock split policy. - FY2017-Q3AchievedAnnual report
「Based on a resolution adopted at the Board of Directors meeting held on 15 December 2016, the Company conducted a stock split effective 1 January 2017. ...... The purpose was to improve liquidity and broaden the investor base by lowering the amount required per investment unit. ...... The Company split each share into 2 shares.」
The Company split 1 common share into 2 shares effective 1 January 2017. The stated purpose was to lower the amount required per investment unit, improve liquidity and broaden the investor base.