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YAKUODO Co Ltd to Split Shares; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Year-end Dividend Forecast for FY 2012
YAKUODO Co Ltd announced that it has decided to split one share of its stock into 100 shares, effective January 4, 2012. 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 102,000 shares to 10,200,000 shares. As a result, the Company has lowered the year-end dividend forecast from JPY 3,300.00 per share to JPY 33.00 per share for the fiscal year ending February 2012.
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