Daiichi Jitsugyo (8059) · InitiativeAchieved
Lowering the Investment Unit and Improving Liquidity Through a Stock Split
First written in FY2023. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
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- FY2024-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 30 May 2023, the Company conducted a stock split and partially amended its Articles of Incorporation effective 1 October 2023.」
Effective 1 October 2023, the Company split 1 common share into 3 shares, increasing the total number of issued shares from 11,086,400 to 33,259,200 and the total number of authorized shares from 32 million to 96 million. The measures were implemented to lower the investment unit and improve liquidity. - FY2023First statedAnnual report
「The purpose is to broaden the investor base further and improve the liquidity of the Company's shares by lowering the investment amount per unit of its shares. With 30 September 2023 as the record date, the Company will conduct a 3-for-1 split of the common shares held by shareholders listed or recorded in the final shareholder register on that date.」
As a subsequent event following the resolution on 30 May 2023, the Company disclosed a 3-for-1 stock split, with 1 October 2023 as the effective date. The split is intended to lower the investment unit and expand the investor base and improve liquidity.