Chichibu Railway (9012) · InitiativeAchieved
Optimizing the investment unit through a share consolidation and a change in the trading unit
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
2entries
1years
0from disclosures
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Share Consolidation and Change in Trading UnitA theme 653 companies write about · 0 as a headwind · 79 as a tailwind
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Showing 14 of the 199 companies compared. The sentences above are computed from all 199.Comparing 200 of the theme's 655 threads.Full recordFilings, disclosures and news, newest first
- FY2018-Q2AchievedAnnual report
「Effective 1 October 2017, the company consolidated its common shares at a ratio of 1 share for every 10 shares. As a result, the total number of issued shares decreased by 13,500,000 to 1,500,000.」
The share consolidation took effect on 1 October 2017, consolidating 10 common shares into 1 share. The number of shares per trading unit was also changed from 1,000 to 100. - FY2017First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect this objective and will reduce the number of shares per trading unit for our common shares from 1,000 to 100. At the same time, taking into account the investment-unit level deemed desirable by the stock exchange, between ¥50,000 and ¥500,000, we will conduct a share consolidation.」
The shareholders' meeting approved a measure to change the trading unit from 1,000 shares to 100 shares and consolidate 10 shares into 1 share on 1 October 2017.