Improving the Investment Unit and Share Price Volatility through a Share Consolidation
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022-Q2.
- FY2022-Q2AchievedAnnual report
「Pursuant to resolutions passed at the 12th annual general meeting of shareholders held on 24 June 2021 and at the Class Meeting of Common Shareholders, the Company conducted a share consolidation at a ratio of 10 common shares and Class B preferred shares to 1 share, effective 1 October 2021. As a result, the total number of shares issued decreased by 174,529 thousand shares to 19,392 thousand shares.」
The share consolidation at a ratio of 10 shares to 1 share took effect on 1 October 2021, reducing the total number of shares issued to 19,392 thousand shares. - FY2022-Q1AdvancedAnnual report
「Following approval of the proposal concerning the share consolidation, at a ratio of 10 shares to 1 share, at the annual general meeting of shareholders held on 24 June 2021, the theoretical total number of shares issued by the Company as of 1 October 2021 will be 20,642,122.」
The share consolidation at a ratio of 10 shares to 1 share was approved at the annual general meeting of shareholders, establishing 1 October 2021 as the effective date and specifying the theoretical number of shares after the consolidation. - FY2021First statedAnnual report
「The current share price of our common stock is substantially below the range of ¥50,000 or more and less than ¥500,000, which is regarded as the desirable investment unit under the Tokyo Stock Exchange's Securities Listing Regulations. To improve this situation, we will consolidate shares at a ratio of 10 shares to 1 share. The effective date is 1 October 2021.」
Recognizing that the investment unit was below the desirable level and that share-price volatility per ¥1 was high, the Company decided to consolidate its common shares and Class B preferred shares at a ratio of 10 shares to 1 share.