SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) [8053.T]
TOKYO, May 01 (Pulse News Wire) – Sumitomo Corporation (sumitomo Shoji Kaisha,ltd.) (8053.T) announced plans to split its shares at a ratio of 1-to-4, effective July 01, 2026. The move aims to lower the investment amount per share, making it easier for investors to participate while enhancing liquidity and broadening the investor base.
As part of the plan, the company’s board of directors approved changes to the articles of incorporation based on the Companies Act Article 184, Paragraph 2. The total number of authorized shares will increase from ¥2 billion to 8 billion shares, effective July 01, 2026. Key dates for the share split are as follows: - Record date: June 30, 2026 - Effective date: July 01, 2026 The company's issued share count prior to the split stands at 1,195,115,184.
Following the split, the number of outstanding shares will rise by 3,585,345,552, bringing the total to 4,780,460,736. The total number of available shares post-split will be 8,000,000,000. There will be no change to the capital stock amount due to this split.
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