September 26th (Japan Standard Time) - $TDK (6762.JP)$ is about to implement a 5-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from September 27th, 2024.
$TDK (6762.JP)$ rose 0.79% and closed at JPY¥9453.0 on September 25th with a turnover of JPY¥20.53 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.