Sep 29, 2016
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $484.00 to $4840.00.
The split itself did not change the total investment value.
Iwabuchi Corporation (TSE:5983) operates in the Metal fabrication industry.
Iwabuchi Corporation company overviewIwabuchi Corporation's most recent stock split was on September 29, 2016. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Iwabuchi Corporation has split its stock once. This history records one reverse split, on September 29, 2016.
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 Iwabuchi Corporation's 1-for-10 reverse split on September 29, 2016, every 10 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.
Iwabuchi Corporation has not announced a new split in our records. Its most recent split was on September 29, 2016, 10 years ago. Companies announce splits in advance, and any new TSE:5983 split will appear on this page.
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