Lowering the investment unit through a stock split and broadening the investor base
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
- FY2024-Q3AchievedAnnual report
「Based on a resolution of the Board of Directors dated 10 November 2023, the Company conducted a share split and partially amended its Articles of Incorporation in connection with the share split, effective 1 January 2024. With 31 December 2023 as the record date, the Company split the common shares held by shareholders of record on that date at a ratio of 4 shares for 1.」
The planned 4-for-1 share split was conducted on 1 January 2024, increasing the total number of issued shares from 123,028,320 to 492,113,280. - FY2024-Q2First statedAnnual report
「The purpose is to expand the investor base by lowering the investment unit for the Company’s shares and creating an environment that makes investment more accessible. Effective as of the record date of 31 December 2023, the Company will split its common shares held by shareholders of record on that date at a ratio of 4 shares for 1.」
At a meeting of the Board of Directors held on 10 November 2023, the Company resolved to conduct a 4-for-1 share split, with 31 December 2023 as the record date and 1 January 2024 as the effective date. The stated purpose was to lower the investment unit and expand the investor base.