Reducing the Investment Unit and Improving Share Liquidity Through a Stock Split
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
- FY2024AchievedAnnual report
「With Sunday, 31 March 2024 (in practice, Friday, 29 March, because 31 March was a non-business day for the shareholder registry administrator) as the record date, the company's common shares held by shareholders listed in the final shareholder register on that date were split at a ratio of 2 shares for every 1 share. Effective date: 1 April 2024」
The 1-for-2 stock split, which had been scheduled for approval in FY2024 Q3, was carried out on 1 April 2024. - FY2024-Q3First statedAnnual report
「The purpose is to lower the amount per investment unit, increase share liquidity by increasing the number of tradable shares, create an environment in which investors can invest more easily, and further expand the investor base. With 31 March 2024 as the record date, the company's common shares held by shareholders listed in the final shareholder register on that date will be split at a ratio of 2 shares for every 1 share. Effective date: 1 April 2024」
The company resolved to conduct a 1-for-2 stock split to lower the investment unit, increase the number of tradable shares and expand the investor base. The record date was set as 31 March 2024 and the effective date as 1 April 2024.