November 6th (Japan Standard Time) - $Nichirei (2871.JP)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from March 28th, 2025.
$Nichirei (2871.JP)$ slipped 0.05% and closed at JPY¥4243.0 on November 5th with a turnover of JPY¥3.65 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.