Needs Well Co., Ltd.
Notice regarding stock split, partial changes to the articles of incorporation and revisions to dividend forecast, etc. due to stock split
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The Company hereby announces that at an extraordinary board of directors meeting held on May 13, 2024, it was resolved to make a stock split, a partial change to the articles of incorporation in conjunction with the stock split, and a revision to the dividend forecast.
1. About stock splits
(1) Purpose of stock split
By lowering the amount per investment unit and creating an environment that makes it easier for investors to invest, the purpose is to improve the liquidity of our stock, increase trading volume, and expand our investor base.
(2) Overview of stock split
How to divide
With May 31, 2024 (Friday) as the record date, the common shares owned by shareholders recorded in the shareholder register as of the end of that day will be split at a ratio of 2 for 1.
Number of shares increased due to split
Total number of issued shares before stock split: 20,349,600 shares Number of shares increased by this split: 20,349,600 shares
Total number of outstanding shares after stock split: 40,699,200 shares Total number of authorized shares after stock split: 111,936,000 shares (3) Schedule
Publication date of reference date: May 16, 2024 (Thursday)
Base date: Friday, May 31, 2024
Effective date: June 1, 2024 (Saturday)
2. Contents of changes to the articles of incorporation
(1) Reason for changing the articles of incorporation
In line with this stock split, based on the provisions of Article 184, Paragraph 2 of the Companies Act, the total number of authorized shares in Article 5 of our Articles of Incorporation will be changed as of June 1, 2024.
(2) Contents of changes to the articles of incorporation
The details of the changes are as follows.
[Image 1: https://prtimes.jp/i/92586/206/resize/d92586-206-976aad8b3935557c5b41-0.png&s3=92586-206-0982fead45853f35e89efe5dc8681457-1492×190.png ]
(3) Schedule for amendment to the articles of incorporation
Effective date: June 1, 2024 (Saturday)
3. About dividends
Due to this stock split, we have revised our per share dividend forecast as follows. Please note that there are no substantive changes to the dividend forecast.
[Image 2: https://prtimes.jp/i/92586/206/resize/d92586-206-d6a992e0f9bd2ce36296-1.png&s3=92586-206-313a72ef138ee0dde28fac00cf41a9eb-1386×333.png ]
4. others
・Change in the amount of capital
There will be no change in the amount of capital due to this stock split. 【Company Profile】
Company name: Needswell Co., Ltd.
Address: 13th floor, New Otani Garden Court, 4-1 Kioicho, Chiyoda-ku, Tokyo Representative: Kozo Funatsu, Representative Director and President Established: October 1986
URL: https://www.needswell.com/
Business content: Software development, operation, and maintenance; development, sales, operation, and maintenance of solution products. [Press-related materials]
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