10-for-1 Share Consolidation and Change to 100 Shares per Trading Unit
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 25 April 2017, the company resolved to change the number of shares per trading unit and to submit proposals concerning the share consolidation and partial amendment of the Articles of Incorporation to the 95th Annual General Meeting of Shareholders held on 23 June 2017. The proposals were approved at that meeting and took effect on 1 October 2017.」
The share consolidation at a ratio of 10 shares to 1 share and the change in the number of shares per trading unit from 1,000 to 100 took effect on 1 October 2017, completing the plan. - FY2018-Q1AdvancedAnnual report
「At the 95th Annual General Meeting of Shareholders held on 23 June 2017, the company approved a share consolidation effective 1 October 2017, at a ratio of 1 share for every 10 common shares, and a change in the number of shares per trading unit from 1,000 shares to 100 shares. As a result, the company’s total number of issued shares is expected to decrease from 257,484,315 to 25,748,431.」
The share consolidation and change in the number of shares per trading unit were approved at the 95th Annual General Meeting of Shareholders. The effective date was 1 October 2017, and as implementation had not yet taken place, the status was classified as ADVANCED rather than ACHIEVED. - FY2017First statedAnnual report
「We will change the number of shares in one trading unit of our common stock from 1,000 shares to 100 shares. At the same time, we will consolidate shares at a ratio of 10 shares to 1 share in order to maintain the price level per trading unit and ensure that the number of voting rights held by each shareholder does not change.」
The company disclosed a policy to implement, effective 1 October 2017, the change to 100 shares per trading unit and a share consolidation at a ratio of 10 shares to 1 share.