Mitsubishi Corp. to Conduct 3-for-1 Stock Split Effective Jan. 1

Japanese trading house Mitsubishi Corp. said it will conduct a 3-for-1 stock split in order to lower the share price and expand its investor base.

The split will be effective Jan. 1, the company said in a statement on Thursday. Mitsubishi also boosted its net income forecast for the fiscal year as it reported second-quarter earnings.

Mitsubishi’s stock price fell as much as 4.4% in trading Thursday. It has gained more than 60% over the past 12 months.

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