Adjusting the Investment Unit Through a Change in the Trading Unit and a 1-for-5 Share Consolidation
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「Based on the resolution of the 101st Annual General Meeting of Shareholders held on 25 May 2017, the Company carried out a share consolidation at a ratio of 1 share for every 5 common shares and amended its Articles of Incorporation to change the number of shares constituting one trading unit from 1,000 shares to 100 shares, effective 1 September 2017. As a result, the number of issued shares as of the filing date decreased by 24,013,600 to 6,003,400.」
The Company completed the adjustment of the investment unit on 1 September 2017 by consolidating 5 shares into 1 and changing the number of shares constituting one trading unit from 1,000 shares to 100 shares. - FY2018-Q1AdvancedAnnual report
「At the 101st Annual General Meeting of Shareholders held on 25 May 2017, a proposal concerning the share consolidation was approved. The proposal provided for a 5-for-1 share consolidation and a change in the number of authorized shares from 80 million to 16 million. Accordingly, effective 1 September of the same year, the Company's number of authorized shares will be 16,000,000.」
The share consolidation proposal was approved at the Annual General Meeting of Shareholders, and procedures for the 5-for-1 share consolidation and the change in the number of authorized shares from 80 million to 16 million, effective 1 September 2017, were formalized. - FY2017First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, the Company respects this policy and will change the trading unit for its shares, the number of shares constituting one trading unit, from the current 1,000 shares to 100 shares. At the same time, the Company will consolidate its shares to adjust the investment unit to an appropriate level, taking into account medium- to long-term share price movements.」
In line with the policy of consolidating trading units across the national securities exchanges, the Company will consolidate 5 shares into 1, effective 1 September 2017, and change the number of shares constituting one trading unit from 1,000 shares to 100 shares.