Sep 26, 2018
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $8.02 to $40.10.
The split itself did not change the total investment value.
Makino Milling Machine Co., Ltd. (OTC:MKMLF) operates in the Industrial machinery industry.
Makino Milling Machine Co., Ltd. company overviewMakino Milling Machine Co., Ltd.'s most recent stock split was on September 26, 2018. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Makino Milling Machine Co., Ltd. (OTC:MKMLF) has split its stock 2 times: a 11-for-10 split on September 26, 1985 and a 1-for-5 reverse split on September 26, 2018.
Makino Milling Machine Co., Ltd. has split its stock 2 times. This history records 2 splits between September 26, 1985 and September 26, 2018.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Makino Milling Machine Co., Ltd.'s 1-for-5 reverse split on September 26, 2018, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Makino Milling Machine Co., Ltd. has not announced a new split in our records. Its most recent split was on September 26, 2018, 8 years ago. Companies announce splits in advance, and any new OTC:MKMLF split will appear on this page.
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