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INSIGHT INC to Split Stock; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Year-end Dividend Forecast for FY 2013

Wednesday, 8 May 2013 04:00am EDT 

INSIGHT INC announced that it has decided to split one share of its common stock into three shares, effective June 17, 2013. After the stock splitting, the total share outstanding will become 1,560,000. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized shares from 1,200,000 shares to 3,600,000 shares. The Company has lowered the year-end dividend forecast from JPY 25.00 per share to JPY 8.40 per share for the fiscal year ending June 2013. 

Company Quote

1.0 +0.36%
20 Aug 2014