Improving Share Liquidity and Broadening the Investor Base Through Stock Splits and the Unit Share System
First written in FY2016-Q1. 1 of 4 entries say "Restated". Latest entry: FY2024-Q1.
- FY2024-Q1AchievedAnnual report
「The purpose is to create an environment in which investors can invest more easily by lowering the amount required per investment unit, thereby further expanding the investor base and improving liquidity in the company's shares.」
Effective 1 November 2023, the company split 1 common share into 3 shares as a measure to lower the investment unit, expand the investor base and improve share liquidity. - FY2023AdvancedAnnual report
「The purpose is to create an environment in which investors can invest more easily by lowering the amount required per investment unit, thereby further expanding the investor base and improving liquidity in the company's shares.」
The company disclosed a plan to split 1 common share into 3 shares, with 31 October 2023 as the record date, in order to lower the investment unit, expand the investor base and improve share liquidity. - FY2016RestatedAnnual report
「Pursuant to a resolution at an extraordinary meeting of the Board of Directors held on 7 December 2015, the company split 1 common share into 30 shares effective 1 January 2016.」
The company reiterated in its annual report the completed share split and the system of 100 shares per unit. - FY2016-Q1First statedAnnual report
「To secure liquidity in the company's shares and expand its investor base, the company carried out a share split and adopted a unit share system with 100 shares per unit, in consideration of the national securities exchanges' Action Plan for Consolidating Trading Units, which aims to standardize the trading unit at 100 shares. Effective 1 January 2016, the company split its common shares at a ratio of 30 shares for each share.」
The company stated that it would implement a 1-for-30 share split and a unit share system of 100 shares per unit to secure liquidity and expand its investor base.