Suzuki Motor (7269) · InitiativeAchieved
Lowering the investment unit through a four-for-one stock split and broadening the investor base
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
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- FY2024AchievedAnnual report
「Effective 1 April 2024, the company conducted a stock split at a ratio of 4 shares for each 1 common share and made a partial amendment to its Articles of Incorporation in connection with the stock split.」
The 1-for-4 stock split approved in December 2023 was implemented on 1 April 2024, completing initiatives to lower the minimum investment unit and broaden the investor base. - FY2024-Q3First statedAnnual report
「The purpose is to create a more accessible investment environment and expand the investor base by conducting a stock split to reduce the amount required per investment unit. With 31 March 2024 (effectively 29 March 2024) as the record date, each share of the company's common stock held by shareholders as of that date will be split into 4 shares.」
On 13 December 2023, the company resolved to conduct a stock split, splitting 1 common share into 4 shares with 31 March 2024 as the record date. The effective date is 1 April 2024, and the purpose is to reduce the investment unit amount and expand the investor base.