Source disclosure: February 20, 2026
Nippon Dry-Chemical CO.,LTD. [1909.T]
TOKYO, Feb 20 (Pulse News Wire) -- Nippon Dry-Chemical Co., Ltd. (1909.T), represented by President Masafumi Kamei, announced today that its board of directors has approved a share split and corresponding amendments to the company's articles of incorporation. The move aims to make investment more accessible to shareholders while expanding the investor base.
The share split will be executed on April 1, 2026, with March 31, 2026, as the record date. Under this plan, each ordinary share held by shareholders listed in the final shareholder register on the record date will be divided into four shares. As a result, the total number of outstanding shares will increase from 7,181,812 to 28,727,248. Additionally, the maximum number of issuable shares will rise from 14 million to 56 million.
Regarding the changes to the articles of incorporation, the amendment will take effect on April 1, 2026, based on Article 184, Paragraph 2 of Japan’s Companies Act. Specifically, the amended clause states that the total number of authorized shares will now be set at 56 million instead of the previous 14 million. This change was necessitated by the upcoming share split.
For dividend distribution, the company clarified that the end-of-term dividends for the fiscal year ending March 31, 2026, will be calculated based on the pre-split number of ordinary shares.
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