Tsubakimoto Chain Co. (6371) · InitiativeAchieved
Change in the trading unit and a one-for-five share consolidation
First written in FY2019-Q1. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
2entries
2years
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Share Consolidation and Change in Trading UnitA theme 583 companies write about · 0 as a headwind · 71 as a tailwind
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- FY2019-Q3AchievedAnnual report
「Effective 1 October 2018, shares were consolidated at a ratio of 5 common shares to 1 share, reducing the total number of shares issued by 153,125 thousand shares to 38,281 thousand shares.」
Effective 1 October 2018, a 5-for-1 share consolidation and a change in the number of shares constituting one trading unit from 1,000 shares to 100 shares were implemented, and these changes are reflected in the number of shares. - FY2019-Q1First statedAnnual report
「We have decided to change the number of shares constituting one trading unit from 1,000 shares to 100 shares. Effective 1 October 2018, the shares held by shareholders recorded on the final shareholder register as of 30 September 2018 (effectively 28 September) will be consolidated at a ratio of 5 shares to 1 share.」
For the purpose of improving investor convenience and other considerations, the company has decided to change the number of shares constituting one trading unit from 1,000 shares to 100 shares and to consolidate shares at a ratio of 5 shares to 1 share, effective 1 October 2018.