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MonotaRO Co Ltd to Split Stock; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Mid-year and Full-year Dividend Forecasts for FY 2013


Friday, 22 Mar 2013 02:00am EDT 

MonotaRO Co Ltd announced that it has decided to split one share of its common stock into two shares, effective April 23, 2013. After the stock splitting, the total share outstanding will become 60,860,000. 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 42,240,000 shares to 84,480,000 shares. As a result, the Company has lowered the mid-year dividend forecast from JPY 12 per share to JPY 6 per share, as well as year-end dividend forecast from JPY 12 per share to JPY 6 per share for the fiscal year ending December 2013. 

Company Quote

2891.0
-25.0 -0.86%
2:00am EDT