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
「Effective 1 April 2024, the company conducted a share split at a ratio of 2 shares for every 1 common share.」
A 1-for-2 stock split aimed at lowering the investment unit amount and broadening the investor base was conducted on 1 April 2024, increasing the number of shares outstanding from 23,661,000 to 47,322,000. - FY2024-Q3First statedAnnual report
「The purpose is to improve the liquidity of the Company's shares and broaden its investor base by conducting a stock split and lowering the investment unit amount of the Company's shares. The split will be conducted at a ratio of 2 shares for every 1 common share held by shareholders listed or recorded in the shareholder register as of 31 March 2024 (Sunday), the record date, which in practice is 29 March 2024 (Friday) because 31 March is a non-business day for the shareholder registry administrator. Effective date: 1 April 2024 (Monday)」
The Company resolved on 8 February 2024 to conduct a 1-for-2 split of its common shares, with 1 April 2024 as the effective date. The purpose is to improve liquidity and broaden the investor base by lowering the investment unit amount.