Tsubakimoto Kogyo (8052) · InitiativeAchieved
Lowering the Investment Unit and Improving Liquidity through a Share Split
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
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- FY2024AchievedAnnual report
「The company conducted a 3-for-1 stock split of its common shares effective 1 April 2024.」
On 1 April 2024, the company split 1 common share into 3 shares, changing the number of issued shares from 6,497,969 to 19,493,907. The measure was implemented to lower the investment unit price, improve liquidity and expand the shareholder base. - FY2024-Q3First statedAnnual report
「The purpose is to create an environment in which individual investors can invest more easily by splitting the company's shares and lowering the investment unit price, thereby improving the liquidity of the company's shares and expanding its shareholder base.」
The company plans to split 1 common share into 3 shares, with 31 March 2024 as the record date and the split taking effect on 1 April 2024. The number of issued shares is scheduled to change from 6,497,969 to 19,493,907, and the number of authorized shares from 16,000,000 to 48,000,000, with the objectives of making investment easier for individual investors, improving share liquidity and expanding the shareholder base.