Improving Liquidity and Enhancing Shareholder Returns through a 1-for-1.2 Stock Split
First written in FY2022-Q1. 1 of 2 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q2.
- FY2022-Q2AchievedAnnual report
「On 1 September 2021, the Company conducted a share split at a ratio of 1.2 shares for each common share. As a result, the number of issued shares increased by 8,600,000 to 51,600,000 shares.」
The Company states that on 1 September 2021 it conducted a share split at a ratio of 1.2 shares for each share, increasing the number of issued shares by 8,600,000 from 43,000,000 to 51,600,000 shares. - FY2022-Q1First statedAnnual report
「At a Board of Directors meeting held on 30 June 2021, the Company resolved to conduct a share split. 1. Purpose of the share split: The share split will be conducted to enhance the liquidity of the Company’s shares and provide shareholder returns. 2. Overview of the share split: (1) Method of the split: With 31 August 2021 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 1.2 shares for each share. (2) Increase in the number of shares resulting from the split: Issued shares before the split 43,000,000 shares; increase resulting from the split 8,600,000 shares; issued shares after the split 51,600,000 shares.」
For the first time, the Company states that it resolved to split its common shares at a ratio of 1.2 shares for each share, with 31 August 2021 as the record date and 1 September 2021 as the effective date, to enhance share liquidity and provide shareholder returns.