Artner will turn each ordinary share into two on Aug. 1, saying the move is meant to lower the investment unit price, improve liquidity and widen its investor base. The apparent cut in the year-end dividend is only arithmetic: the forecast shifts to ¥21.50 a share after the split, which the company says is equivalent to ¥43.00 on a pre-split basis, leaving the annual payout effectively unchanged at ¥86.00 on that basis.
| Feature | Detail |
|---|---|
| Split ratio | Each ordinary share becomes 2 shares |
| Record date | July 31, 2026 |
| Effective date | August 1, 2026 |
| Outstanding shares | 10,627,920 before; 21,255,840 after |
| Authorized shares | 36 million before; 72 million after |
| Dividend revision | Interim dividend remains ¥43.00 on the pre-split share count; year-end becomes ¥21.50 post-split, equivalent to ¥43.00 pre-split; annual figure effectively ¥86.00 on a pre-split basis |
Shareholders of record on July 31 will receive two shares for every one held, and the split becomes effective on Aug. 1. Outstanding shares will rise to 21,255,840 from 10,627,920. Artner also says capital will not change.
The company is amending its articles so the authorized share total doubles to 72 million from 36 million on the same day. One wrinkle for income-focused holders: the interim dividend for the year ending January 2027 will still be paid on the pre-split share count because its record date is July 31, just before the split takes effect. The optics say lower per-share payout, but the economics do not.