Optimizing the investment unit price through changes to the trading unit and share consolidation
First written in FY2016. 2 of 4 entries say "Achieved", first in FY2017-Q2. Latest entry: FY2020-Q2.
- FY2020-Q2AchievedAnnual report
「On 1 October 2019, we conducted a 1-for-5 split of our common shares. As a result, the number of issued shares increased by 32,000,000 to 40,000,000.」
The 1-for-5 share split approved in the previous quarter was conducted on 1 October 2019, increasing the number of issued shares from 8,000,000 to 40,000,000. - FY2020-Q1AdvancedAnnual report
「The purpose is to improve the liquidity of the Company’s shares and broaden the investor base by lowering the amount required per investment unit.」
A 1-for-5 share split, effective 1 October 2019, was approved with the aim of improving liquidity and broadening the investor base by lowering the investment amount. The number of issued shares is expected to increase from 8 million to 40 million. - FY2017-Q2AchievedAnnual report
「Pursuant to a resolution of the 153rd Annual General Meeting of Shareholders held on 24 June 2016, we consolidated 5 common shares into 1 share and changed the number of shares constituting one unit from 1,000 to 100, effective 1 October 2016.」
The planned consolidation of 5 shares into 1 share and change in the number of shares constituting one unit from 1,000 to 100 took effect on 1 October 2016 and has been completed. - FY2016First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect this objective and will change the trading unit for our common shares, the number of shares constituting one unit, from 1,000 shares to 100 shares. At the same time, we will conduct a share consolidation at a ratio of 5 shares to 1 share, with the aim of bringing the investment amount per unit into the range regarded as desirable by the stock exchange, of ¥50,000 or more but less than ¥500,000.」
The shareholders' meeting approved a plan to change the number of shares constituting one unit from 1,000 to 100 and consolidate 5 shares into 1 share on 1 October 2016.