Lowering the Investment Unit, Improving Liquidity and Expanding the Investor Base through a Stock Split
First written in FY2018-Q1. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「With 30 September 2017 (Saturday) (in substance, 29 September 2017 (Friday)) as the record date, the Company split the common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 2 shares for each 1 share.」
The 1-for-2 share split intended to lower the investment unit, improve share liquidity and broaden the investor base has been completed. - FY2018-Q1First statedAnnual report
「The purpose is to create an environment in which investors can invest more easily and to further broaden the investor base by lowering the investment unit and increasing the liquidity of the Company’s shares. With 30 September 2017 (Saturday) (in substance, 29 September 2017 (Friday)) as the record date, the Company split its common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 2 shares for each 1 share.」
The Company decided to split 1 share into 2 shares to lower the investment unit, improve share liquidity and broaden the investor base. The record date was 30 September 2017, and the effective date was 1 October 2017.