Osaka Gas (9532) · InitiativeAchieved
Consolidation of Trading Units Through Share Consolidation and Changes to the Number of Shares per Unit
First written in FY2018-Q2. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2018.
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Share Consolidation and Changes in Share UnitsA theme 494 companies write about · 0 as a headwind · 62 as a tailwind
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- FY2018AchievedAnnual report
「Effective 1 October 2017, we changed the number of shares per trading unit from 1,000 to 100. We also consolidated 5 common shares into 1 share.」
The change to 100 shares per trading unit and the 5-for-1 share consolidation were implemented on 1 October 2017, completing the measures. - FY2018-Q2First statedAnnual report
「As a company listed on the Tokyo Stock Exchange and Nagoya Stock Exchange, we decided, in line with this objective, to change the number of shares per trading unit from 1,000 shares to 100 shares effective 1 October 2017. In making this change, we also decided to consolidate our shares at a ratio of 5 shares to 1 share, taking into account the stock exchanges' preferred price range of ¥50,000 or more and less than ¥500,000 per trading unit.」
In line with the stock exchanges' objective of consolidating trading units, we changed the number of shares per trading unit from 1,000 to 100 and consolidated the shares at a ratio of 5 shares to 1 share. The changes took effect on 1 October 2017.