Source disclosure: February 09, 2026
NICHIAS CORPORATION [5393.T]
TOKYO, Feb 9 (Pulse News Wire) -- Nichias Corporation (5393.T), led by President Kamezu Katsumi, announced today that its board of directors has approved a share split and corresponding amendments to the company's articles of incorporation. The decision was made during a meeting held on February 9, 2026.
The primary objective of this share split is to reduce the investment unit price per share, thereby creating a more accessible environment for investors and enhancing liquidity in the company’s stock market presence. Additionally, it aims to broaden the investor base further.
Under the terms of the proposed split, each ordinary share recorded in the final shareholder register as of March 31, 2026, will be divided into three shares. This move will increase the total number of outstanding shares from 63,661,917 to 190,985,751, representing an addition of 127,323,834 shares. Following the completion of the self-held share cancellation resolution passed on February 9, 2026, the post-split issuance limit will stand at 360 million shares.
Key dates associated with the share split include the announcement date for the record day set for March 16, 2026, the actual record day being March 31, 2026, and the effective date of April 1, 2026. In conjunction with these changes, the company plans to amend Article 6 of its articles of incorporation, increasing the maximum number of issueable shares from 120 million to 360 million based on the provisions outlined under Section 184, Paragraph 2 of Japan's Companies Act.
Furthermore, the company clarified that there would be no change in capital amount due to the share split. Regarding dividends, since the effective date of the split is April 1, 2026, the dividend payment date for the fiscal year ending March 31, 2026, will remain unchanged, still adhering to the pre-split share count for distribution purposes.
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