Share Consolidation and Standardizing Trading Units at 100 Shares
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 26 April 2017, we resolved to submit proposals concerning the consolidation of common shares and the change in the trading unit to the 70th Annual General Meeting of Shareholders held on 28 June 2017. The proposals were approved at that meeting and took effect on 1 October 2017.」
The consolidation of 2 shares into 1 and the change in the trading unit from 1,000 shares to 100 shares became effective on 1 October 2017. - FY2018-Q1AdvancedAnnual report
「At the 70th Annual General Meeting of Shareholders held on 28 June 2017, amendments to the Articles of Incorporation were approved regarding the consolidation of our common shares at a ratio of 2 shares to 1 and the change in the total number of authorized shares from 46,241,000 shares to 23,120,500 shares as of the effective date of the share consolidation, 1 October 2017.」
The share consolidation and change in the total number of authorized shares were approved at the Annual General Meeting of Shareholders on 28 June. The effective date is 1 October, and the plan has reached the approval stage. - FY2017First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect this policy and will change the trading unit for our common shares from 1,000 shares to 100 shares. At the same time, taking into account the investment unit value range considered desirable by the stock exchange, of at least ¥50,000 and less than ¥500,000, we will conduct a reverse stock split at a ratio of 2 shares to 1.」
Taking the investment unit into consideration, it has presented a plan to consolidate 2 shares into 1 as of 1 October 2017 and change the trading unit from 1,000 shares to 100 shares.