Nagase Brothers (9733) · InitiativeAchieved
Lowering the Investment Unit and Expanding the Investor Base through a Stock Split
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q1.
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- FY2024-Q1AchievedAnnual report
「Effective 1 April 2023, we conducted a 3-for-1 stock split of our common shares.」
The Company implemented the 1-for-3 share split announced in the previous period, effective April 1, 2023. - FY2023-Q3First statedAnnual report
「The purpose of the share split is to lower the investment unit, improve the liquidity of the Company’s shares and broaden its investor base. With March 31, 2023 as the record date, the Company will split the common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 3 shares for each share.」
The Company has, for the first time, stated its policy of splitting 1 share into 3 shares, with March 31, 2023 as the record date and April 1, 2023 as the effective date, in order to lower the investment unit, improve share liquidity and broaden its investor base.