Murata Manufacturing : Notice Regarding Stock Split, Partial Amendment of Articles of Incorporation and Revision of Dividend Projections
May 23, 2023 at 02:10 am EDT
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May 23, 2023
Company name:
Murata Manufacturing Co., Ltd.
Name of representative:
Norio Nakajima
President and Representative Director
(Code: 6981, Tokyo Stock Exchange
Contact:
Prime market)
Mikito Yamada
General Manager of Corporate
Communication Department
(Phone: 075-955-6786)
Notice Regarding Stock Split, Partial Amendment of Articles
of Incorporation and Revision of Dividend Projections
Murata Manufacturing Co., Ltd. (hereinafter the "Company") hereby announces that the resolution was made at Board of Directors held today to implement a stock split and institute a partial amendment to its articles of incorporation in conjunction with this split. Furthermore, the Company hereby announces that the Company, in accordance with this split, has also revised the dividend projections for the fiscal year ending March 31, 2024.
1. Stock Split
Purpose of the stock split
The purpose of the stock split is to expand its investor base by lowering the stock price per investment unit and to increase the liquidity of the Company's stock.
Overview of the stock split
Method of the stock split
Each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of Saturday, September 30, 2023 will be split into three shares.
Since this day falls on a non-business day of the shareholder registry administrator, the substantial record date will be Friday, September 29, 2023.
② Number of shares to be increased by the stock split
Total number of issued shares prior to the stock split
675,814,281
Number of shares to be increased by the stock split
1,351,628,562
Total number of issued shares after the stock split
2,027,442,843
Total number of authorized shares after the stock split
5,229,000,000
③ Schedule for the stock split
Public notice of record date (scheduled)
Thursday, September 14, 2023
Record date
Saturday, September 30, 2023
Effective date
Sunday, October 1, 2023
2. Partial Amendment of Articles of Incorporation
(1) Purpose of the amendment
The total number of authorized shares described in Article 6 of the Company's articles of incorporation will be amended in conjunction with the stock split as provided for the Article 184 (2) of the Companies Act of Japan, effective Sunday, October 1, 2023.
(2) Details of the amendment
The details of the partial amendment of the Company's articles of incorporation are as follows.
(Changed portions are underlined.)
Current Articles of Incorporation
Articles of Incorporation after Amendment
(Total Number of Shares Authorized to be
(Total Number of Shares Authorized to be
Issued)
Issued)
Article 6
Article 6
The total number of shares authorized to be
The total number of shares authorized to be
issued by the Company shall be 1,743,000,000
issued by the Company shall be 5,229,000,000
shares.
shares.
(3) Schedule of the amendment
Date of Board of Directors' resolution
Tuesday, May 23,
2023
Effective date
Sunday, October 1,
2023
3. Revision of Dividend Projections
As a result of the stock split, the year-end dividend projection for the fiscal year ending March 31, 2024, which was announced on April 28, 2023, has been revised as follows. The revision was in line with the split ratio and there is no substantial change in the dividend projections.
Dividends per share (yen)
Second Quarter
Year-end
Total
Previous Projections
75.00
75.00
150.00
(April 28, 2023)
Revised Projections
75.00
25.00
-
(pre-split conversion)
(75.00)
(150.00)
Previous fiscal year
75.00
75.00
150.00
(ended March 31, 2023)
(Note) As the stock split is scheduled to take effect on October 1, 2023, the dividend payment at the end of the second quarter with a record date of September 30, 2023, will be based on the number of shares before the stock split.
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Disclaimer
Murata Manufacturing Co. Ltd. published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 06:09:03 UTC.
Murata Manufacturing Co., Ltd. is one of the world leaders in design, production and marketing of innovative electronic components for the telecommunications and automobile sectors, etc. Net sales break down by family of products as follows:
- electronic components (74.4%): capacitors, piezoelectric components, etc.;
- modules (22.4%);
- other (3.2%).
Sales break down geographically as follows: Japan (9.2%), China (54.8%), Asia (15.6%), America (11.4%) and Europe (9%).