Changes to the Authorized Share Count and Trading Unit Through a Share Consolidation
First written in FY2018-Q1. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「As a result, as of the filing date, the total number of issued shares had decreased by 25,470,000 shares to 5,130,000 shares, and the unit share number for all classes of shares had been changed to 100 shares.」
A consolidation of 10 common shares into 1 share, a reduction in the total number of issued shares, and a change in the unit share number for all classes of shares to 100 shares were implemented, effective 1 October 2017. - FY2018-Q1First statedAnnual report
「At the 67th Annual General Meeting of Shareholders and the Class Meeting of Common Shareholders held on 23 June 2017, resolutions were approved regarding the consolidation of common shares at a ratio of 10 shares to 1 share and amendments to the Articles of Incorporation to change, as of the effective date of the share consolidation, 1 October 2017, the total number of authorised shares from 80,000,000 shares to 8,000,000 shares and the total number of authorised shares of common stock from 76,000,000 shares to 7,600,000 shares.」
A resolution was recorded to consolidate common shares at a ratio of 1 share for every 10 shares, effective 1 October 2017, and to reduce the total number of authorised shares and the total number of authorised shares of common stock to one-tenth. The unit share number for all classes of shares was also changed to 100 shares, and the minimum conversion prices for Class 1 and Class 2 preferred shares were adjusted from ¥113 to ¥1,130 and from ¥69 to ¥690, respectively.