GMO internet group, Inc.
Notice of Subsidiary Share Sale and Recognition of Extraordinary Profit
Announced the sale of 61,500,000 shares of GMO Internet's subsidiary and 6,434,100 shares, along with recording extraordinary profit of 44.7 billion yen. The equity stake decreased from 91.9% to 60.5%, and the subsidiary will continue to be regarded as a key company.
Key Figures
- Extraordinary profit: 44.7 billion yen
- Shares sold: 67,934,200 shares
- Ownership ratio: 60.5% (down from 91.9%)
AI要約
Financial Overview
This transaction involves the sale of ordinary shares of GMO Internet Inc., a consolidated subsidiary, amounting to a total of 67,934,200 shares. Consequently, an extraordinary profit of 44.7 billion yen was recorded in the standalone financial statements. Due to the sale and the exercise of the green shoe option, our ownership ratio decreased from 91.9% to 60.5%, but GMO Internet remains positioned as an important subsidiary central to the internet infrastructure, advertising, and media businesses.
Future Outlook and Impact on Shareholders
Even after the sale, GMO Internet continues to be a key subsidiary supporting the group's core businesses, with minimal change in capital relationship. Funds obtained from the sale are expected to be utilized for future business investments and growth strategies. A lock-up period is set from April 20, 2026, to October 24, 2026, managing stock liquidity.
GMO Internet Group Inc.
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