April 25th SoftBank announced on the 25th that it will implement a 10-for-1 stock split on October 1st, with September 30th as the record date. The photo shows the Softbank logo, taken in Tokyo in July 2017 (2024 Reuters/Issei Kato)
TOKYO (Reuters) – SoftBank (9434.T) New Tab, opens new tab announced on the 25th that it will conduct a 10-for-1 stock split on October 1st, with September 30th as the record date. A new shareholder benefit system will be established in which 1,000 PayPay points will be awarded to shareholders who have held common stock for more than one year and have held 100 or more shares.
SoftBank went public in December 2018, and as of the end of March 2024, the number of shareholders was approximately 860,000. The company aims to expand its investor base, including young people, through stock splits and the introduction of a preferential treatment system. Based on the stock price on the 25th, the minimum investment amount would be around 18,500 yen for a 10-part split.
In the telecommunications industry, NTT (9432.T) New Tab, opens new tab aimed to expand its investor base by splitting its stock into 25 shares with the end of June last year as the record date, and significantly lowering the minimum investment amount. NTT also has a preferential treatment system that awards d points depending on the holding period.
Our code of conduct:Thomson Reuters “Principles of Trust” New Tab, opens new tab