Lowering the Investment Unit and Improving Liquidity through a Stock Split
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
- FY2024AchievedAnnual report
「Based on a resolution of the Board of Directors dated 31 January 2024, the company conducted a stock split effective 1 April 2024.」
The plan to split 1 share into 4 shares was implemented on 1 April 2024, increasing the total number of issued shares from 500,000 to 2,000,000. The purposes were to lower the investment unit, improve liquidity, and broaden the investor base. - FY2024-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 31 January 2024, the company resolved to conduct a stock split and make partial amendments to its Articles of Incorporation in connection with the stock split. The purpose is to create a more accessible investment environment by lowering the investment unit per share through the stock split, thereby improving the liquidity of the company's shares and broadening its investor base. With 31 March 2024 (Sunday) as the record date (effectively 29 March 2024 (Friday), as this was a non-business day for the company's shareholder registry administrator), the company will split its common shares at a ratio of 4 shares for every 1 share held by shareholders listed or recorded in the final shareholder register on that date.」
At its meeting on 31 January 2024, the Board of Directors resolved to split 1 share into 4 shares. The record date is 31 March 2024 and the effective date is 1 April 2024, with the aims of lowering the investment unit, improving share liquidity, and broadening the investor base.