Lowering the Investment Unit and Improving Liquidity Through a Stock Split
First written in FY2023-Q3. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The stock split is intended to lower the investment unit, or minimum investment amount, for our shares and improve share liquidity by increasing the number of tradable shares, thereby creating an environment in which investors can invest more easily and expanding the investor base and the number of shareholders.」
The company carried out a 1-for-2 stock split effective 1 April 2024, increasing issued shares from 6,219,200 to 12,438,400 and implementing its policy of lowering the investment unit and improving liquidity. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 March 2023, we resolved to conduct a stock split effective 1 June 2023 and partially amend the Articles of Incorporation in connection with the split. The stock split is intended to lower the investment unit, or minimum investment amount, for our shares and improve share liquidity by increasing the number of tradable shares, thereby creating an environment in which investors can invest more easily and expanding the investor base and the number of shareholders.」
The company carried out a second 1-for-2 stock split effective 1 June 2023, increasing issued shares from 3,084,600 to 6,169,200. - FY2023-Q3First statedAnnual report
「The stock split is intended to lower the investment unit, or minimum investment amount, for our shares and improve share liquidity by increasing the number of tradable shares, thereby creating an environment in which investors can invest more easily and expanding the investor base and the number of shareholders. Effective date: 1 January 2023. Issued shares before the split: 1,539,900. Increase from the split: 1,539,900. Issued shares after the split: 3,079,800.」
The company resolved to split each common share into 2 shares effective 1 January 2023, with the aims of lowering the investment unit, improving liquidity and expanding the investor base and shareholder base.