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Nippon Columbia Co Ltd Announces Reverse Stock Split and Partial Change to Article of Incorporation of Authorized Share Number; Amends Year-end Dividend Forecast for FY 2014

Tuesday, 21 May 2013 06:30am EDT 

Nippon Columbia Co Ltd announced that it has decided to merge 20 shares of its stock into one shares, effective October 1, 2013. After the reverse stock split, the total share outstanding will become 13,121,732. 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 change total number of authorized shares to 55,000,000, effective June 21, 2013. As a result, the Company has amended its year-end dividend forecast from JPY 0.2 per share to JPY 4 per share, for the fiscal year ending March 2014. 

Company Quote

-1.0 -0.25%
1 May 2015