SWCC shares fell. Following the previous day's decision to split each share into 5 shares, the trading price declined sharply, but buying in anticipation of the split's effects was limited.
As of 10:35 a.m., SWCC shares stood at ¥14,310, down ¥640 from the previous day, as selling pressure intensified. The move followed the company's announcement the previous day of a plan to split each share into 5 shares, while the market's assessment of the new post-split share count had yet to take shape.
Buying following the split announcement was limited, and expectations that the split would improve liquidity and broaden the investor base were muted. Market participants are watching to see whether the practical benefits of the split will drive the share price higher in the short term, but many currently believe that the immediate reaction has been weak.
The split has been reported in connection with AI-related news and other factors, but the article states that improving liquidity and broadening the investor base were cited as objectives of the split announcement.