Change to a 100-share trading unit and 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
「At a meeting of the Board of Directors held on 25 May 2017, the company resolved to change the trading unit and partially amend its Articles of Incorporation, and resolved to submit a proposal concerning the share consolidation to the 149th Annual General Meeting of Shareholders held on 29 June 2017. The proposal was approved at that meeting and took effect on 1 October 2017.」
The change in the trading unit from 1,000 shares to 100 shares and the 1-for-5 share consolidation took effect on 1 October 2017. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 May 2017, the company resolved to change the trading unit and partially amend its Articles of Incorporation, and resolved to submit a proposal concerning the share consolidation to the 149th Annual General Meeting of Shareholders held on 29 June 2017. The proposal was approved at that meeting.」
The change in the trading unit and the 1-for-5 share consolidation were approved at the Annual General Meeting of Shareholders on 29 June 2017. The effective date was set as 1 October 2017. - FY2017First statedAnnual report
「Effective 1 October 2017, the company's trading unit for common shares will be changed from 1,000 shares to 100 shares. Effective 1 October 2017, the company will consolidate shares at a ratio of 1 share for every 5 shares held by shareholders recorded in the shareholder register as of 30 September of the same year, effectively 29 September.」
The plan calls for changing the trading unit from 1,000 shares to 100 shares and consolidating 5 shares into 1 share, with 1 October 2017 as the effective date.