Optimizing Investment Units Through a Share Consolidation and Changes to the Trading Unit
First written in FY2018-Q1. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「Effective 1 October 2017, the number of shares held by shareholders listed or recorded in the final shareholder register as of 30 September 2017 was changed at a ratio of 1 share for every 10 shares. At the same time as the share consolidation took effect, the number of common shares constituting one trading unit was changed from 1,000 to 100.」
The share consolidation took effect on 1 October 2017, with 10 shares consolidated into 1, and the measure to change the number of shares constituting one trading unit from 1,000 to 100 was completed. - FY2018-Q1First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect this objective and will reduce the number of shares per trading unit for our common shares from 1,000 to 100. At the same time, taking into account the investment-unit level deemed desirable by the stock exchange, between ¥50,000 and ¥500,000, we will conduct a share consolidation.」
The shareholders' meeting approved a plan, effective 1 October 2017, to consolidate the company's common shares at a ratio of 1 share for every 10 shares and change the number of shares constituting one trading unit from 1,000 to 100. The measures were based on the Tokyo Stock Exchange's policy to standardise trading units and the desirable investment unit.