Elecom (6750) · InitiativeAchieved
Lowering the investment unit through a stock split and improving liquidity and broadening the investor base
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
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- FY2022-Q1AchievedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 9 February 2021, the Company conducted a stock split at a ratio of 2 shares for every 1 common share, effective 1 April 2021. As a result, the number of issued shares increased by 46,110,710 to 92,221,420.」
The 2-for-1 stock split planned in the previous quarter was carried out on 1 April 2021, and the number of issued shares became 92,221,420. - FY2021-Q3First statedAnnual report
「The stock split is intended to create an environment in which investors can invest more easily by lowering the amount required per investment unit, thereby improving the liquidity of the Company's shares and further expanding its investor base.」
The Company first disclosed a plan to split each common share into 2 shares, with 31 March 2021 as the record date and the split taking effect on 1 April 2021. The number of issued shares was expected to increase from 46,110,710 to 92,221,420.