Tokyo, April 13, 2012
Concerning stock split, adoption of share unit system and partial amendment to the articles of incorporationJapan Tobacco Inc. (JT) (TSE: 2914) has announced the Board of Directors' resolution today concerning stock split, adoption of share unit system and associated partial amendment to the articles of incorporation as follows.
1. Purpose
For the purpose of enlarging the company's investor base by
further improving the environment to invest in our shares
through reduction of the investment unit amount of the
company's shares, the decision has been made to split the
stock at the ratio of 1:200 or 200 shares to one share.
Further, in parallel with the stock split, the company will
adopt the share unit system which sets a share trading unit
to 100 shares, in line with the Japanese Stock Exchanges
Conference's decision to designate a trading unit to either
100 shares or 1,000 shares by April 1, 2014. As a result of
the stock split and adoption of the share unit system, the
investment unit amount of the company's shares will be one
half or 1/2.
2. Overview of the stock split
1) Method of the split
Shares of common stock held by shareholders listed or
recorded in the final registry of shareholders as of the
record date of Saturday, June 30, 2012 will be split at a
ratio of 200 shares to one share.
2) Increase in shares resulting from the stock split
Total number of shares issued prior to the stock split:
10,000,000 shares Number of shares to be increased resulting
from the stock split: 1,990,000,000 shares Total number of
shares issued following the stock split: 2,000,000,000
shares
3) Schedule
Public notice of the record date: Thursday, May 31, 2012
Record date: Saturday, June 30, 2012
Effective date: Sunday, July 1, 2012
3. Adoption of the share unit system
1) Size of the newly established share unit
Contingent on the afore-mentioned stock split coming into
effect, the company will adopt the share unit system, setting
the size of a share unit at 100 shares.
2) Schedule
Effective date: Sunday, July 1, 2012
4. Partial amendment to the articles of incorporation
1) Reason for amendment
In association with the afore-mentioned stock split and
adoption of the share unit system, the articles of
incorporation will be partially amended, pursuant to the
provisions of Article 184 paragraph 2 and Article 191 of the
Companies Act of Japan.
2) Proposed amendment