GMO internet, Inc.
Notice regarding the transfer of a subsidiary and a subsidiary of a subsidiary for organizational restructuring of the internet advertising business and the occurrence of exceptional profit in non-consolidated financial results
GMO internet, Inc. Group acquires GMO Commerce stock and consolidates it as a subsidiary, while transferring GMO NIKKO and GMO Insight to become grandchildren. The transaction is expected to generate approximately 2,123 million yen as exceptional profit in standalone financial results, with no impact on consolidated results. Further implications are under review.
Key Figures
- Exceptional profit: 2,123 million yen (standalone basis)
- Number of GMO Commerce shares acquired: 3,596,400 shares
- Transfer consideration: GMO NIKKO 2,100 million yen, GMO Insight 1,500 million yen
AI要約
Section Heading
This matter is an intra-group transaction aimed at organizational restructuring, whereby GMO Commerce will be consolidated as a subsidiary, while GMO NIKKO and GMO Insight will be transferred to become grandchildren. Under the new structure, the core business will be internet advertising and media, with an emphasis on integrating the customer base, promoting cross-selling, and expanding recurring revenue products. An exceptional profit of approximately 2,123 million yen is expected to be recognized in standalone results, with no impact on consolidated results.
Section 2 Heading
Establishment of an Independent Compliance Committee for fairness: An independent outside directors committee will be consulted and report to ensure fairness. A third-party valuation report from KPMG was obtained, and legal advisor MH Law Office provided guidance to confirm the reasonableness of the transaction terms. Future impact on earnings is expected to be minimal, and implications for the next term are under review.
GMO internet, Inc.
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