Sep 28, 2016
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $402.00 to $2010.00.
The split itself did not change the total investment value.
SHINANEN Holdings Co., Ltd. (TSE:8132) operates in the Oil refining/Marketing industry.
SHINANEN Holdings Co., Ltd. company overviewSHINANEN Holdings Co., Ltd.'s most recent stock split was on September 28, 2016. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
SHINANEN Holdings Co., Ltd. (TSE:8132) has split its stock 5 times: a 11-for-10 split on March 27, 1985, a 23-for-20 split on March 27, 1986, a 109-for-100 split on March 28, 1988, a 11-for-10 split on October 28, 1991, and a 1-for-5 reverse split on September 28, 2016.
SHINANEN Holdings Co., Ltd. has split its stock 5 times. This history records 5 splits between March 27, 1985 and September 28, 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 SHINANEN Holdings Co., Ltd.'s 1-for-5 reverse split on September 28, 2016, 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.
SHINANEN Holdings Co., Ltd. has not announced a new split in our records. Its most recent split was on September 28, 2016, 10 years ago. Companies announce splits in advance, and any new TSE:8132 split will appear on this page.
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