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Hiramatsu Inc to Split Stock; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Mid-year and Year-end Dividend Forecasts for FY 2013


Friday, 8 Feb 2013 03:00am EST 

Hiramatsu Inc announced that it has decided to split one share of its common stock into 300 shares, effective March 1, 2013. After the stock splitting, the total share outstanding will become 48,604,200. 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 600,000 shares to 180,000,000 shares. The Company has lowered the mid-year dividend forecast from JPY 1,324.00 per share to JPY 5.75 per share, as well as year-end dividend forecast from JPY 1,365.00 per share to JPY 5.02 per share for the fiscal year ending September 2013. 

Company Quote

647.0
36.0 +5.89%
26 Dec 2014