Lowering the investment unit through a stock split and broadening the investor base
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
- FY2024-Q3AchievedAnnual report
「Based on a resolution of the Board of Directors dated 9 November 2023, the Company is conducting a share split and making a partial amendment to its Articles of Incorporation in connection with the share split, with the aim of improving the liquidity of its shares and broadening its investor base by lowering the amount per investment unit. Effective 1 January 2024, the number of shares held by shareholders recorded in the shareholder register as of 31 December 2023 was split at a ratio of 2 shares for every 1 share.」
The 2-for-1 share split resolved on 9 November 2023 was implemented effective 1 January 2024, completing the measures to lower the investment unit and improve liquidity. - FY2024-Q2First statedAnnual report
「The purpose is to improve share liquidity and broaden the investor base by lowering the amount per investment unit. With 31 December 2023 as the record date, the Company will split its common shares at a ratio of 2 shares for every 1 share held by shareholders listed or recorded in the final shareholder register on that date.」
At a meeting of the Board of Directors held on 9 November 2023, the Company resolved to conduct a 2-for-1 share split, with 31 December 2023 as the record date and 1 January 2024 as the effective date. The total number of authorised shares will also be increased from 10 million to 20 million.