YAKULT HONSHA CO.,LTD. July 28, 2023
To whom it may concern,
Company name: Yakult Honsha Co., Ltd.
Representative: Hiroshi Narita,
President and Representative Director (Securities code: 2267, TSE Prime Market)
Notification Regarding Stock Split and
Related Partial Amendment to Articles of Incorporation,
Revision of Dividend Forecast, and Shareholder Benefit Program
Yakult Honsha Co., Ltd. (the "Company") announced that its Board of Directors has resolved at its meeting held today to carry out a stock split and related partial amendment to the Articles of Incorporation and revision of its dividend forecast as described below. It also announced a shareholder benefit program along with the stock split.
1. Stock Split
- Purpose of stock split
The purpose of the stock split is to reduce the amount of investment unit of the Company's stock thereby increasing its liquidity and making it easier for investors to invest in the Company.
(2) Outline of stock split
(i) Method of stock split
The Company will implement a 2-for-1 share split of shares in its common stock owned by shareholders listed or recorded in the closing register of shareholders as of the record date of Saturday, September 30, 2023.
(ii) Increase in the number of shares due to stock split | |
Total number of shares issued prior to stock split: | 171,045,418 shares |
Increase in shares from this stock split: | 171,045,418 shares |
Total number of shares issued following stock split: | 342,090,836 shares |
Total number of shares authorized to be issued following stock split: 1,300,000,000 shares
- Schedule for stock split Public notice of record date: Record date:
Effective date:
Wednesday, September 13, 2023
Saturday, September 30, 2023
*Friday, September 29, 2023, in effect
Sunday, October 1, 2023
2. Partial Amendment to the Articles of Incorporation Related to Stock Split
- Reason for the amendment
Along with the stock split, the Company shall change the number of shares it is authorized to issue stipulated in Article 6 of its Articles of Incorporation as of October 1, 2023, in accordance with the provision of Article 184, Paragraph 2 of the Companies Act.
(2) Details of the amendment
The details of the amendment are as follows.
(The amended parts are underlined.) | |
Current Articles of Incorporation | Proposed amendment |
(Total number of shares authorized to be issued) | (Total number of shares authorized to be issued) |
Article 6 | Article 6 |
The total number of shares the Company is | The total number of shares the Company is |
authorized to issue shall be 700,000,000 | authorized to issue shall be 1,300,000,000 |
shares. | shares. |
(3) Schedule of the amendment
Effective date: Sunday, October 1, 2023
3. Revision of Dividend Forecast
Along with the stock split, the Company revised the year-end dividend forecast for the fiscal year ending March 2024 it announced in the Consolidated Financial Results for the Year Ended March 31, 2023 on May 12, 2023.
Annual dividend per share | ||||
Interim | Year-end | Total | ||
Previous forecast | ||||
(announced on | 55 yen | 55 yen | 110 yen | |
May 12, 2023) | ||||
Revised forecast | 28 yen | ― | ||
(dividend prior to stock | 55 yen | |||
(56 yen) | (111 yen) | |||
split) | ||||
Previous fiscal year | ||||
(fiscal year | 45 yen | 45 yen | 90 yen | |
ended March 2023) | ||||
Note: The dividend forecast revision means practically an increase in the year-end dividend forecast for the fiscal year ending March 2024.
4. Shareholder Benefit Program
As the benefit program for shareholders with 100 shares or more, the Company offers its own products under the merchandise benefit (record date: end of March) and the right to join the Tokyo Yakult Swallows Official Fan Club (Swallows Crew) for free under the baseball benefit (record date: end of
September).
The Company will offer the shareholder benefit program to shareholders listed or recorded in the closing register of shareholders as of the end of March 2024 who have 100 shares or more of the Company's stock after stock split (the content of the program differs between those who own from 100 shares to less than 1,000 shares and those who have 1,000 or more shares).
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Disclaimer
Yakult Honsha Co. Ltd. published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 08:06:01 UTC.
