Oxide (6521) · InitiativeAchieved
Lowering the Investment Unit and Improving Liquidity Through a Stock Split
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q1.
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- FY2024-Q1AchievedAnnual report
「This was a 2-for-1 stock split.」
A 2-for-1 split of common shares was carried out effective 1 March 2023, implementing the measures to lower the investment unit and improve liquidity described in the previous filing. The number of issued shares increased from 4,979,400 to 9,958,800 as a result of the stock split. - FY2023-Q3First statedAnnual report
「The purpose is to improve the liquidity of our shares and broaden our investor base by reducing the investment amount per unit of investment in our shares and creating an environment in which investors can invest more easily.」
A plan was approved to conduct a 2-for-1 split of common shares, with 28 February 2023 as the record date and 1 March 2023 as the effective date. The total number of authorized shares will also be changed from 10 million to 20 million.