Sep 27, 2017
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $1857.00 to $3714.00.
The split itself did not change the total investment value.
Sumitomo Metal Mining Co., Ltd. (TSE:5713) operates in the Other metals/Minerals industry.
Sumitomo Metal Mining Co., Ltd. company overviewSumitomo Metal Mining Co., Ltd.'s most recent stock split was on September 27, 2017. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Sumitomo Metal Mining Co., Ltd. (TSE:5713) has split its stock 2 times: a 53-for-50 split on March 28, 1989 and a 1-for-2 reverse split on September 27, 2017.
Sumitomo Metal Mining Co., Ltd. has split its stock 2 times. This history records 2 splits between March 28, 1989 and September 27, 2017.
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 Sumitomo Metal Mining Co., Ltd.'s 1-for-2 reverse split on September 27, 2017, every 2 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.
Sumitomo Metal Mining Co., Ltd. has not announced a new split in our records. Its most recent split was on September 27, 2017, 9 years ago. Companies announce splits in advance, and any new TSE:5713 split will appear on this page.
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