Optimizing the Investment Unit Through a Share Consolidation and a Change in the Number of Shares per Trading Unit
First written in FY2017. 2 of 4 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2021.
- FY2021AdvancedAnnual report
「The purpose is to improve the liquidity of our shares and broaden our investor base by lowering the value of each investment unit.」
On 1 April 2021, the company conducted a 5-for-1 stock split of its common shares to improve liquidity and broaden its investor base by lowering the investment unit. - FY2018-Q2AchievedAnnual report
「Effective 1 October 2017, the company consolidated the shares at a ratio of 1 share for every 10 shares, based on the number of shares held by shareholders listed or recorded in the final shareholder register as of 30 September 2017.」
The share consolidation was carried out on 1 October 2017, completing the consolidation at a ratio of 1 share for every 10 shares. The number of shares constituting one trading unit was also changed from 1,000 shares to 100 shares. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 May 2017, the company resolved to submit a proposal concerning the share consolidation and the change in the number of shares constituting one trading unit to the 51st Annual General Meeting of Shareholders held on 26 June 2017. The proposal was approved at that meeting, and became effective on 1 October 2017. As a company listed on the Tokyo Stock Exchange, we respect this objective and will change the number of shares constituting one trading unit for our common shares from 1,000 shares to 100 shares. Taking into account the investment unit level considered desirable by the stock exchange, between ¥50,000 and less than ¥500,000, we will also implement a consolidation of common shares at a ratio of 1 share for every 10 common shares.」
The share consolidation and change in the number of shares constituting one trading unit were approved at the Annual General Meeting of Shareholders, and 1 October 2017 was confirmed as the effective date. - FY2017First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect this objective and will change the trading unit for our shares from 1,000 shares to 100 shares. At the same time, with the aim of bringing the investment unit within the level considered desirable by the stock exchange, between ¥50,000 and less than ¥500,000, and optimizing the number of shares issued, we will implement a share consolidation at a ratio of 10 shares to 1 share.」
The company has indicated a policy of consolidating its shares at a ratio of 1 share for every 10 shares and changing the number of shares constituting one trading unit from 1,000 shares to 100 shares, with 1 October 2017 as the effective date.