Lowering the Investment Unit and Improving Liquidity Through a Stock Split
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
- FY2022-Q1AchievedAnnual report
「We conducted a 2-for-1 stock split of our common shares effective 1 April 2021.」
A 2-for-1 stock split was implemented effective 1 April 2021, resulting in 12,929,942 issued shares. - FY2021-Q3First statedAnnual report
「The purpose is to improve the liquidity of our shares and broaden the investor base by lowering the investment amount per unit and creating an environment that makes investment more accessible. Effective 1 April 2021, the shares will be split at a ratio of 2 shares for every 1 common share held by shareholders listed or recorded in the final shareholder register as of Wednesday, 31 March 2021. Number of issued shares before the split: 6,464,971; increase in shares resulting from the split: 6,464,971; number of issued shares after the split: 12,929,942; number of authorized shares after the split: 40,000,000. Effective date: Thursday, 1 April 2021.」
A 2-for-1 stock split, effective 1 April 2021, was decided in order to lower the investment amount per unit and improve share liquidity and broaden the investor base. In connection with this, an amendment to the Articles of Incorporation to change the number of authorized shares from 20 million to 40 million is also planned.