Optimising the investment unit through a share consolidation and a change in the number of shares per trading unit to 100
First written in FY2017-Q2. 2 of 3 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2020.
- FY2020AchievedAnnual report
「The purpose is to create an environment that makes investment more accessible by lowering the value of each investment unit through a share split, thereby further broadening the investor base and improving the liquidity of investment shares.」
Effective 1 April 2020, each common share was split into 2 shares as a measure to lower the investment unit value, broaden the investor base and improve liquidity. - FY2017-Q3AchievedAnnual report
「Effective 1 October 2016, common shares were consolidated at a ratio of 1 share for every 2 shares. As a result, the total number of issued shares decreased by 2,851,750 to 2,851,750 shares. Under a resolution of the Board of Directors meeting held on 25 April 2016, the Articles of Incorporation were amended, and effective 1 October 2016, the number of shares per trading unit was changed from 1,000 to 100.」
Effective 1 October 2016, the share consolidation and the change in the number of shares per trading unit from 1,000 to 100 were implemented, completing the measures described in the previous quarter. - FY2017-Q2First statedAnnual report
「As a company listed on the Tokyo Stock Exchange, we respect this objective and will change the number of shares per trading unit for our common shares from 1,000 to 100. At the same time, we will carry out a share consolidation in consideration of the investment unit value range considered desirable by the stock exchange, from ¥50,000 to less than ¥500,000.」
Effective 1 October 2016, the number of shares per trading unit was changed from 1,000 to 100, and common shares were consolidated at a ratio of 1 share for every 2 shares. The measures were based on the exchange's policy of standardising trading units and the investment unit value range of ¥50,000 to less than ¥500,000.