Lowering the Investment Unit and Improving Liquidity through a Share Split
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
- FY2019AchievedAnnual report
「Based on 31 August 2019 as the record date (effectively 30 August 2019 because 31 August was a non-business day for the shareholder registry administrator), the company split each common share held by shareholders listed or recorded in the final shareholder register on that date into 3 shares. Effective date: 1 September 2019」
The company carried out a 3-for-1 stock split to lower the investment unit, improve liquidity and expand its investor base, effective 1 September 2019. - FY2019-Q3First statedAnnual report
「To make investment more accessible to investors, the company will lower the investment unit through a stock split, with the aim of improving the liquidity of its shares and expanding its investor base. Effective as of 1 September 2019, the company will split each common share held by shareholders listed or recorded in the final shareholder register on the record date, 31 August 2019 (effectively 30 August 2019 because 31 August was a non-business day for the shareholder registry administrator), into 3 shares. Effective date: 1 September 2019」
The company resolved to split 1 share into 3 shares to lower the investment unit, improve share liquidity and expand its investor base, with 1 September 2019 as the effective date.