Furuya Metal to Implement Share Split to Expand Investor Base

TOKYO, Aug 06 (Pulse News Wire) – Furuya Metal CO.,LTD. (7826.T) plans to implement a share split effective July 01, 2024, aiming to enhance liquidity and broaden its investor base.

Under this plan, each ordinary share will be split into three shares, allowing the company to monitor the impact and refine future strategies accordingly. The decision follows the company's recognition that reducing investment units is crucial for improving stock market liquidity and expanding the shareholder pool.

Furuya Metal will closely evaluate market trends, stock price movements, and changes in shareholder composition to determine further steps regarding investment unit reductions. This disclosure was made based on the requirement stipulated by the Tokyo Stock Exchange’s Listing Regulations Article 409, which mandates public notification when a company’s investment unit exceeds ¥500,000.