PowerX conducts stock split to expand investor base and improve liquidity
PowerX <485A> will implement a 3-for-1 stock split with a record date at the end of May. The post-split share price is already reflected on a delivery basis, significantly reducing the price per trading unit (100 shares) from around 1.3 million yen to approximately 400,000 yen. Since drawing significant attention during its public listing last December, the stock has remained highly popular, particularly among retail investors, driven by subsequent price gains. The split is expected to further expand its investor base and improve liquidity.
The company manufactures and sells large-scale storage batteries. Accelerating AI adoption provides a strong tailwind, as demand for storage batteries increases for data centers essential to AI infrastructure. The company plans to offer container-type data centers starting in 2027 to actively expand its business. It projects a return to profitability for the fiscal year ending December 2026, with quarterly progress warranting close attention.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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