Lowering the investment unit through a stock split to improve liquidity and broaden the investor base
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
- FY2017AchievedAnnual report
「On 1 April 2017, the company conducted a stock split at a ratio of 1.2 shares for each common share.」
The stock split resolved previously, under which 1 share became 1.2 shares, was conducted on 1 April 2017, completing the initiative to lower the investment unit. - FY2017-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 20 January 2017, the company resolved to conduct a stock split. 1. Purpose of the stock split: The purpose is to lower the amount per investment unit in the company's shares, improve share liquidity by increasing the number of shares, create an environment that makes investment more accessible, and further broaden the investor base. Using 31 March 2017 as the record date, the company will split the common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 1.2 shares for each share.」
The company resolved on a specific measure to split 1 share into 1.2 shares in order to lower the investment unit, improve share liquidity, and broaden the investor base.