According to the statistics of the Tokyo Stock Exchange (Tokyo Stock Exchange), there were 87 listed companies that decided to split stocks from January to July this year, almost doubling from 46 companies in the same period last year.
The background includes the fact that the Tokyo Stock Exchange requested that investment units be lowered to less than 500,000 yen in October last year in order to create an environment where individual investors can easily invest, and the merits of making it easier for company shares to be incorporated into NISA ahead of the expansion of the small investment tax exemption system (NISA) with an annual investment limit next year.
What investors are concerned about is whether the stock value of “stock split” stocks will rise. Here is a summary of the stock price rise and fall rates before and after the split announcement of the 29 companies listed on the Tokyo Stock Exchange Prime that have carried out stock splits since the beginning of this year.
As a result, compared to the closing price of the business day before the stock fund split announcement, the stock prices of 21 companies out of 29 companies have risen both 5 business days after the announcement date and the closing price on 8/16. It is calculated that the winning percentage is over 70%.
Of the 21 companies whose stock prices had risen after 5 business days, 16 had a higher closing price on 8/16 than 5 business days later. Stock split stocks not only have the impact of stock split announcements, but they also tend to be supported by investors even after that...