JR East is conducting a stock split and modifying its shareholder benefits program.
The stock split will be conducted on a 1:3 basis, with March 31st as the record date. By lowering the price per investment unit, the company aims to make it easier for investors to invest and to expand the investor base.
Moreover, after March 31, 2025, the issuance criteria for shareholder discount vouchers will be revised. For holdings of 300 to 399 shares, 1 voucher will be issued, 400 to 599 shares will earn 2 vouchers, 600 to 699 shares for 3 vouchers, 700 to 899 shares for 4 vouchers, 900 to 1,199 shares for 5 vouchers, 1,200 to 1,499 shares for 6 vouchers, 1,500 to 1,999 shares for 7 vouchers, 2,000 to 9,999 shares for 9 vouchers plus 2 vouchers for every 1,000 shares over 2,000, 10,000 to 29,999 shares for 25 vouchers plus 5 vouchers for every 2,500 shares over 10,000, 30,000 to 59,999 shares for 25 vouchers plus 5 vouchers for every 5,000 shares over 30,000, 60,000 to 149,999 shares will receive 100 vouchers, 150,000 to 299,999 shares for 250 vouchers, and 300,000 shares or more for 500 vouchers. The preferential treatment for long-term shareholders holding stocks for more than three years will also change, requiring a minimum holding of 100 shares for more than two years. While the issuance criteria for shareholder benefits vouchers will be revised, there will be no substantial changes from the current standards.
The distribution of shareholder benefits vouchers, scheduled for late June onwards, will digitize some services. The subscription service “JRE Passport” will offer special discounted rates for shareholders.
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