Shibaura Mechatronics (6590) · InitiativeAchieved
10-for-1 Share Consolidation and Change in the Number of Shares per Trading Unit
First written in FY2019-Q1. 1 of 2 entries say "Achieved", first in FY2019-Q2. Latest entry: FY2019-Q2.
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Share Consolidation and Changes in Trading UnitA theme 490 companies write about · 0 as a headwind · 61 as a tailwind
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- FY2019-Q2AchievedAnnual report
「Effective 1 October 2018, the Company consolidated its common shares at a ratio of 10 shares to 1. As a result, the total number of issued shares decreased by 46,733,575 to 5,192,619.」
The planned consolidation of 10 shares into 1 was carried out effective 1 October 2018, bringing the total number of issued shares to 5,192,619. - FY2019-Q1First statedAnnual report
「At the 109th Annual General Meeting of Shareholders held on 22 June 2018, amendments to the Articles of Incorporation were approved, providing for the consolidation of the Company’s common shares at a ratio of 10 shares to 1 and, effective 1 October 2018, changing the total number of authorized shares from 100,000,000 to 10,000,000.」
The Company disclosed for the first time a corporate action to consolidate 10 shares into 1 effective 1 October 2018 and change the total number of authorized shares from 100 million to 10 million. At the same time, the number of shares per trading unit was to be changed from 1,000 to 100, and the total number of issued shares after the consolidation was expected to be 5,192,619.