Lowering the Investment Unit and Improving Stock Liquidity Through a Stock Split
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
- FY2024AchievedAnnual report
「Effective 1 April 2024, the Company conducted a stock split at a ratio of 3 common shares for every 1 common share.」
The 1-for-3 stock split planned in FY2024-Q3 was conducted on 1 April 2024. The number of issued shares increased from 13,988,000 to 41,964,000, completing the initiative to lower the investment unit and improve liquidity. - FY2024-Q3First statedAnnual report
「The purpose is to create an environment in which investors can invest more easily by conducting a stock split to lower the investment unit, thereby improving the liquidity of the Company's shares and expanding its investor base. As of 31 March 2024 (Sunday; in practice, 29 March 2024 (Friday), because 31 March was a non-business day for the shareholder registry administrator), the Company will split its common shares held by shareholders listed or recorded in the final shareholder register on that date at a ratio of 3 shares for every 1 share.」
The Company resolved to conduct a 1-for-3 stock split, effective 1 April 2024. The purposes are to lower the investment unit, improve share liquidity, and expand the investor base. The number of issued shares is expected to increase from 13,988,000 before the split to 41,964,000 after the split.