Optimizing the Share Price and Investment Unit Through a Share Consolidation
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021-Q2.
- FY2021-Q2AchievedAnnual report
「Effective 1 October 2020, the company consolidated its common shares and Class B, Class C and Class D preferred shares at a ratio of 1 share for every 10 shares.」
The share consolidation at a ratio of 1 share for every 10 shares, which had previously been approved and scheduled for implementation, was carried out effective 1 October 2020. The total number of shares outstanding and the acquisition price and minimum acquisition price of the preferred shares were also adjusted. - FY2021-Q1AdvancedAnnual report
「As the proposal concerning the share consolidation, under which 10 shares would be consolidated into 1 share, was approved at the annual general meeting of shareholders held on 24 June 2020, the theoretical total number of shares outstanding as of 1 October 2020 became 45,886,763 shares,」
Shareholder approval was obtained for the share consolidation at a ratio of 1 share for every 10 shares. The plan has progressed to the approval stage ahead of its effective date of 1 October 2020. - FY2020First statedAnnual report
「After comprehensive consideration from the perspectives of adjusting the share price of the company's common shares and the investment unit to appropriate levels and achieving an optimal number of shares outstanding for implementing flexible and agile shareholder return measures in the future, the company will conduct a share consolidation at a ratio of 1 share for every 10 shares.」
The company has indicated a policy of consolidating its common and preferred shares at a ratio of 1 share for every 10 shares, with 1 October 2020 as the effective date. The purposes are to adjust the share price and investment unit to appropriate levels and facilitate future shareholder return measures.