Micron Machinery (6159) · InitiativeRestated
Lowering the investment unit through a three-for-one stock split
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「Effective 1 September 2017, we conducted a stock split at a ratio of 3 shares for every 1 common share.」
It continues to record the 1-for-3 stock split effective 1 September 2017 as an accounting premise. - FY2018-Q3RestatedAnnual report
「Effective 1 September 2017, we conducted a stock split at a ratio of 3 shares for every 1 common share.」
It reiterates the 1-for-3 stock split effective 1 September 2017 as an accounting premise. - FY2017AchievedAnnual report
「The purpose of the stock split was to increase the liquidity of our shares and further expand the investor base by lowering the amount required per investment unit and making it easier to invest in our shares. Effective 1 September 2017, we split each common share into 3 shares.」
It split 1 share into 3 shares effective 1 September 2017, with the aim of lowering the investment unit, improving liquidity, and expanding the investor base.