Source disclosure: February 05, 2026
NIHON SEIKO CO.,LTD [5729.T]
TOKYO, Feb 5 (Pulse News Wire) -- NIHON SEIKO CO., LTD (5729.T), led by President Ken Takao Uba, announced significant changes to its share structure and shareholder benefits following a board meeting held on February 5, 2026. The company plans to implement a four-for-one stock split aimed at making investment more accessible for shareholders while enhancing liquidity and expanding the investor base.
The stock split will take place based on the shareholder register as of March 31, 2026, with the record date set for March 13, 2026. As a result of this split, the total number of outstanding shares will increase from 2,605,900 to 10,423,600 shares. The maximum number of authorized shares will also be adjusted from one million to four million shares effective April 1, 2026. This change follows the provisions outlined under Article 184, Paragraph 2 of Japan's Companies Act, which requires approval through a board resolution.
In conjunction with these structural modifications, NIHON SEIKO is also revising its shareholder benefit program to encourage long-term investments. The new scheme introduces an additional tier for shareholders holding between 100 and 400 shares post-split, offering enhanced incentives such as QUO cards and environmental donations. For instance, shareholders who hold between 100 and 400 shares continuously for over one year but less than three years will receive either a QUO card worth ¥500 or a donation of ¥500 to an environmental conservation organization. These adjustments aim to maintain existing conditions while broadening the scope of participation in the shareholder rewards system.
These changes will come into effect for shareholders listed in the final shareholder registry as of March 31, 2027. Shareholders can choose their preferred reward via a form enclosed with the annual general meeting notice scheduled for June 2027, with the actual distribution of gifts expected to occur within September 2027. The company emphasizes that the calculation of continuous holding periods will consider pre-split holdings converted proportionally according to the split ratio.
Additionally, NIHON SEIKO clarified that there would be no alteration in the capital amount due to the stock split. Furthermore, the final dividend payout for the fiscal year ending March 31, 2026, will still be based on the pre-split share count, ensuring continuity in dividend distributions prior to the implementation of the new share structure.
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