Denso (6902) · InitiativeAchieved
Reducing the Investment Unit and Broadening the Investor Base Through a Stock Split
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
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- FY2024-Q2AchievedAnnual report
「Effective 1 October 2023 (Sunday), we amended the Articles of Incorporation to increase the company's authorized number of shares from 1,500,000,000 to 6,000,000,000. On the same date, we conducted a 4-for-1 stock split of the company's common shares held by shareholders.」
The 4-for-1 stock split became effective on 1 October 2023, bringing the total number of issued shares to 3,151,779,804. The measures to lower the investment unit and expand the investor base have been completed. - FY2024-Q1First statedAnnual report
「By lowering the amount required per investment unit, we aim to create an environment in which it is easier to invest in our shares and expand our investor base. We will conduct a 4-for-1 stock split of the company's common shares held by shareholders as of 30 September 2023 (Saturday), with 1 share becoming 4 shares. Effective date: 1 October 2023 (Sunday).」
We resolved to conduct a 4-for-1 stock split effective 1 October 2023, with the aim of lowering the investment unit and expanding the investor base.