June 26th (Japan Standard Time) - $Toyota Tsusho (8015.JP)$ is about to implement a 3-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from June 27th, 2024.
$Toyota Tsusho (8015.JP)$ rose 4.64% and closed at JPY¥9538.0 on June 25th with a turnover of JPY¥10.72 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.