Jun 28, 2017
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $29.00 to $290.00.
The split itself did not change the total investment value.
Sailor Pen Co., Ltd. (TSE:7992) operates in the Other consumer specialties industry.
Sailor Pen Co., Ltd. company overviewSailor Pen Co., Ltd.'s most recent stock split was on June 28, 2017. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Sailor Pen Co., Ltd. (TSE:7992) has split its stock 5 times: a 11-for-10 split on December 26, 1985, a 21-for-20 split on June 26, 1986, a 21-for-20 split on June 26, 1987, a 104-for-83 split on January 14, 2014, and a 1-for-10 reverse split on June 28, 2017.
Sailor Pen Co., Ltd. has split its stock 5 times. This history records 5 splits between December 26, 1985 and June 28, 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 Sailor Pen Co., Ltd.'s 1-for-10 reverse split on June 28, 2017, 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.
Sailor Pen Co., Ltd. has not announced a new split in our records. Its most recent split was on June 28, 2017, 9 years ago. Companies announce splits in advance, and any new TSE:7992 split will appear on this page.
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