Tokio Marine splits stock 15-for-1, adds three-year loyalty perk
Tokio Marine will multiply its share count fifteenfold on October 1 to shrink the ticket price for retail buyers, but its new shareholder perk pays out only after three years of continuous holding, and while the ¥200bn buyback budget is unchanged, the split-adjusted dividend forecast is only substantively, not exactly, the same as before.