June 28th - $NIPPON TEL & TEL CORP (NPPXF.US)$ is about to implement a 25-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from June 29th, 2023.
$NIPPON TEL & TEL CORP (NPPXF.US)$ rose 1.54% and closed at $29.42 on June 27th with a turnover of $37,239.23. $NIPPON TEL & TEL CORP (NPPXF.US)$ now has a total market capitalization of $100.33 billion.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.