Source disclosure: January 28, 2026
NIHON DENGI CO.,LTD. [1723.T]
TOKYO, Jan 28 (Pulse News Wire) -- NIHON DENGI CO., LTD. (1723.T), represented by President Ryosuke Shimada, announced today that its board of directors has resolved to implement a share split and corresponding amendments to the company's articles of incorporation. The measures aim to enhance liquidity and broaden investor participation by reducing the per-share investment amount.
The share split will be executed on March 31, 2026, with the final list of shareholders recorded as of this date being eligible for the distribution. Under the terms of the split, each existing ordinary share will be divided into four shares, increasing the total number of outstanding shares from 16,395,000 to 65,580,000. Additionally, the total number of authorized shares will rise from 65,580,000 to 262,320,000. These changes reflect an expansion in both the current and potential future issuance capacity of the company’s stock.
In conjunction with the share split, the company will amend Article Six of its articles of incorporation to update the maximum number of authorized shares from 65.58 million to 262.32 million. This adjustment is mandated under Section Two of Article 184 of Japan's Companies Act and will take effect on April 1, 2026, the same day the share split becomes effective.
Furthermore, the company plans to adjust the annual limit for restricted stock grants under its Restricted Stock Award System for executives. Following the share split, the cap on new ordinary shares granted annually will increase from up to 80,000 shares before the split to up to 320,000 shares post-split, starting April 1, 2026. For more information about the Restricted Stock Award System, investors can refer to the announcement made on May 20, 2020, regarding the cessation of retirement allowance benefits for executives and the introduction of the Restricted Stock Award System.
Notably, the capital stock of NIHON DENGI remains unchanged despite these structural adjustments.
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