In other words, 1 currently held share will become 10 shares soon.
Nintendo has taken the opportunity with its annual financial results to make some notable business moves, even if they’re little to do with the games we get to play or the systems we own. In addition to a planned share buyback, the company has announced a major shift to its shares / stock structure with a ’10-to-1′ split.
First of all, let’s look at what that means. On 30th September Nintendo will ‘split’ every share into 10; so, if you own 10 shares in the company they will become 100 shares. The overall picture means that Nintendo will go from having an approved issuing of 400 million shares up to four billion, multiplying by 10.
Read the full article on nintendolife.com
