Notification of Stock Split and Partial Amendment to the Articles of Incorporation in Relation to Stock Split
May 12, 2017
Recruit Holdings Co.,Ltd.
Recruit Holdings Co., Ltd.(the "Company") hereby announces that its Board of Directors has resolved today to implement a three-for-one stock split and partially amend the Articles of Incorporation in relation to the stock split, as follows.
1.Purpose of the Stock Split
The purpose of the stock split is to increase the liquidity of the Company's stock and expand the investor base by reducing the stock price per trading unit.
2.Outline of the Stock Split
(1) Method of the stock split
Each share of common stock owned by shareholders recorded on the final shareholder registry as of the close of business on Friday, June 30, 2017 will be split into three shares.
(2) Number of shares to be increased by the stock split
|1) Total number of issued shares prior to the stock split||565,320,010 shares|
|2) The number of shares to be increased by the stock split||1,130,640,020 shares|
|3) Total number of issued shares after the stock split||1,695,960,030 shares|
|4) Total number of authorized shares after the stock split||6,000,000,000 shares|
- (Note) The number of issued shares above might increase due to exercise of stock acquisition rights and other factors between the date of this resolution by the Board of Directors and the record date for the stock split.
(3) Schedule of the stock split
|1) Public notice of record date||Thursday, June 15, 2017 (planned)|
|2) Record date||Friday, June 30, 2017 (planned)|
|3) Effective date||Saturday, July 1, 2017 (planned)|
3.Partial Amendment to the Articles of Incorporation in Relation to Stock Split
(1) Reason for the amendment
In connection with this stock split, pursuant to the provisions of Article 184, Paragraph 2 of the Companies Act, Article 6 of the Company's Articles of Incorporation (Total Number of Authorized Shares) will be amended effective Saturday, July 1, 2017.
(2) Details of the amendment
|Before the amendment||After the amendment|
|6. Total Number of Authorized Shares
The total number of shares authorized to be issued by the Company shall be two billion (2,000,000,000) shares.
|6. Total Number of Authorized Shares
The total number of shares authorized to be issued by the Company shall be six billion (6,000,000,000) shares.
Effective date for the amendment to the Articles of Incorporation Saturday, July 1, 2017
No changes will be made to the amount of legal capital in connection with this stock split. Regarding dividends per share, as stated in a separate announcement today titled "Notification of Revision of Dividend Policy (Payment of Interim Dividend)," the Company will pay an interim dividend beginning from the fiscal year ending March 31, 2018. The dividends for the fiscal year ending March 31, 2018 are forecasted to be 11.00 yen per share for the interim dividend for the second quarter-end and 11.00 yen per share for the year-end dividend.
(Reference) Dividend forecast for the fiscal year ending March 31, 2018
|Dividends per share (yen)|
|First quarter-end||Second quarter-end||Third quarter-end||Year-end||Total|
|Revised forecast (announced on May 12, 2017)||－||11.00||－||11.00||22.00|
|Dividends paid for the previous fiscal year (year ended March 31, 2017)||－||0.00||－||65.00 (Note)||65.00 (Note)|
- (Note)The amount of the year-end dividend for the fiscal year ended March 31, 2017 is the dividend per share prior to the three-for-one stock split scheduled to take effect on July 1, 2017.
This release includes forward-looking statements that incorporate the Company's assumptions and outlook for the future and estimates based on the Company's plans as of the date of this release. These forward-looking statements are based on information available to and certain assumptions by the Company as of the date of this release, and there can be no assurance that the relevant forecasts will be achieved.