Reducing the Trading Unit to 100 Shares and Consolidating 10 Shares into 1
First written in FY2017. 5 of 7 entries say "Restated". Latest entry: FY2020.
- FY2020RestatedAnnual report
「Effective 1 October 2017, the Company implemented a share consolidation at a ratio of 1 share for every 10 shares of common stock.」
The post-implementation position following the share consolidation and the change to a 100-share trading unit continues to be disclosed. - FY2019RestatedAnnual report
「Effective 1 October 2017, the Company implemented a share consolidation at a ratio of 1 share for every 10 shares of common stock.」
The disclosure again confirms the post-implementation position following the share consolidation and the change to a 100-share trading unit, together with figures such as 3,494,322 issued shares. - FY2018RestatedAnnual report
「Effective 1 October 2017, the Company implemented a share consolidation at a ratio of 1 share for every 10 shares of common stock.」
The disclosure again confirms the post-implementation position following the share consolidation and the change to a 100-share trading unit, including figures such as 3,494,322 issued shares. - FY2018-Q3RestatedAnnual report
「Pursuant to a resolution of the ordinary general meeting of shareholders held on 29 June 2017, the Company consolidated 10 shares of common stock into 1 share effective 1 October 2017. As a result, the total number of issued shares decreased by 31,448,903 shares to 3,494,322 shares.」
The share consolidation effective 1 October 2017 has been completed, and the disclosure states the post-implementation position of 3,494,322 issued shares and a 100-share trading unit size. - FY2018-Q2AchievedAnnual report
「At the ordinary general meeting of shareholders held on 29 June 2017, a proposal concerning the share consolidation, under which 10 shares would be consolidated into 1 share, was approved and adopted. As a result, effective 1 October 2017, the total number of authorized shares decreased by 72,000,000 shares to 8,000,000 shares.」
The share consolidation was implemented effective 1 October 2017, and the total number of issued shares changed from 34,943,225 shares to 3,494,322 shares. The trading unit size also changed from 1,000 shares to 100 shares, moving from the planned stage to the completed stage. - FY2018-Q1RestatedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 28 April 2017, the Company resolved to change its trading unit size from 1,000 shares to 100 shares, effective 1 October 2017. At the ordinary general meeting of shareholders held on 29 June 2017, a proposal concerning the share consolidation, under which 10 shares would be consolidated into 1 share effective 1 October 2017, was approved and adopted. As a result, the total number of issued shares is expected to decrease from 34,943,225 shares to 3,494,322 shares.」
The disclosure again states that the change to a 100-share trading unit and the consolidation of 10 shares into 1 were approved at the ordinary general meeting of shareholders, with 1 October 2017 as the effective date. - FY2017First statedAnnual report
「Effective 1 October of this year, the Company changed its trading unit size from 1,000 shares to 100 shares. In connection with this change, the Company will conduct a share consolidation, consolidating 10 shares into 1, to maintain the investment unit at the level recommended by the national stock exchanges, namely ¥50,000 or more but less than ¥500,000.」
The Company describes the change in the trading unit size from 1,000 shares to 100 shares and the consolidation of 10 shares into 1 to maintain the investment unit at the recommended level as a subsequent event approved by the general meeting of shareholders.