1. Purpose of the Stock Split
The purpose of the stock split is to increase the liquidity of IIJ’s common stock and expand its investor base by reducing the trading price per share of its common stock. As a result of the stock split, the investment unit amount of its common stock shall be one half (1/2) of the previous amount.
2. Overview of the Stock Split
(1) Method of the stock split
The record date of the stock split shall be
(2) Number of shares to be increased by the stock split
1 | ) | Total number of issued shares before the stock split: | 93,534,800 shares | |
2 | ) | Number of shares to be increased by the stock split: | 93,534,800 shares | |
3 | ) | Total number of issued shares after the stock split: | 187,069,600 shares | |
4 | ) | Total number of shares authorized to be issued after the stock split: | 302,080,000 shares |
(Note) Total number of issued shares stated in the above could be increased as a result of exercise of stock acquisition rights.
(3) Schedule of the stock split
Public notice date of the record date: | ||
Record date: | ||
Effective date: |
(4) Others
1 | ) | There shall be no increase in the amount of IIJ’s paid-in capital as a result of the stock split. |
2 | ) | Adjustment of number of shares to be issued upon exercise of IIJ’s stock acquisition rights Along with the stock split, the number of shares to be issued upon exercise of each stock acquisition right shall be adjusted from 400 shares to 800 shares (from the first to the eleventh series) and one (1) share to two (2) shares (the twelfth series) on and after |
(5) Summary of the American Depositary Receipts (“ADR”) Ratio Change
Along with the stock split, the ADR ratio to be updated as follows:
1 | ) | Current ratio: | One (1) ADR = One (1) share of common stock of IIJ |
2 | ) | New ratio: | One (1) ADR = Two (2) shares of common stock of IIJ |
3 | ) | Effective date: | |
4 | ) | Temporarily books closed for ADR issuance & cancellation: | From |
5 | ) | ADR depositary bank: |
3. Partial Amendment to the Articles of Incorporation
(1) Reason for the amendment
Effective
(2) Details of the amendment (Changes are underlined.)
Current articles of incorporation | After the amendment |
(Total Number of Shares Authorized to be Issued) Article 6 The total number of shares authorized to be issued by the Company shall be one hundred fifty one million and forty thousand (151,040,000) shares. | (Total Number of Shares Authorized to be Issued) Article 6 The total number of shares authorized to be issued by the Company shall be three hundred two million and eighty thousand (302,080,000) shares. |
(3) Schedule
Effective Date: Saturday, October 1, 2022
4. Revision to the Dividend Forecast resulting from the stock split
Along with the stock split, the forecast of IIJ’s dividend per common share for the fiscal year ending
Annual dividend per common stock | |||
Record date | 2Q-end | Year-end | Annual |
Previous forecast (Note 1) (Announced on | ¥29.25 | ¥29.25 | ¥58.50 |
Revised forecast (The pre-split basis) | ¥29.25 (Note 2) (¥29.25) | ¥14.63 (¥29.26) | - (Note 3) (¥58.51) |
Previous year results (Note 1) (The fiscal year ended | ¥23.00 | ¥25.00 | ¥48.00 |
(Notes)
- The dividend per common stock is on the pre-split basis.
- As for 2Q-end dividend per common stock for the fiscal year ending
March 31, 2023 , there is no change from the previously announced amount because it is given to the number of pre-split common shares. - The forecast for the annual dividend per common stock is not included in the table because it is not possible to simply calculate due to the stock split.
About
Founded in 1992, IIJ is one of
IIJ Investor Relations
Tel: +81-3-5205-6500 E-mail: ir@iij.ad.jp URL: https://www.iij.ad.jp/en/ir
Source:
2022 GlobeNewswire, Inc., source