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


Wednesday, 5 Jun 2013 02:00am EDT 

TOSEI CORP announced that it has decided to split one share of its common stock into 100 shares, effective July 1, 2013. After the stock splitting, the total share outstanding will become 45,684,000. 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 1,500,000 shares to 150,000,000 shares. The Company has lowered the year-end dividend forecast from JPY 700.00 per share to JPY 7.00 per share for the fiscal year ending November 2013. 

Company Quote

705.0
-38.0 -5.11%
1:00am EST