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, opening a new tab announced on the 25th that it will hold a 10-for-1 stock split on October 1st, with September 30th as the record date. A new shareholder benefits system will be established where 1,000 PayPay points will be awarded to shareholders who have held common stock for more than a year and who have held 100 or more shares.
SoftBank went public in December 2018, and by the end of March 2024, the number of shareholders was around 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 about 18,500 yen for a 10-part split.
In the telecommunications industry, NTT (9432.T) New Tab, opens a new tab with the aim of expanding its investor base by dividing its stock into 25 shares with the end of June last year as the record date, and reducing the investment amount significantly less. NTT also has a preferential treatment system that awards d-points depending on the holding period.
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