GMO internet group, Inc.
(Change in Disclosure) Notice Regarding Change in Timing of Securities Business License Surrender by Consolidated Subsidiary (Thailand Securities Subsidiary)
The consolidated subsidiary's Thailand securities subsidiary has changed the timing of the securities business license surrender from December 31, 2025, to December 31, 2026.
Key Figures
- Claims of approximately 11 billion yen under settlement repayment agreements (as of January 2025)
- Claims balance of approximately 7.5 billion yen (end of September 2025)
- Collateral coverage ratio of 217.9%
AI要約
Key Announcements
GMO-Z com Securities (Thailand) Public Company Limited, a consolidated subsidiary of GMO Financial Holdings, Inc., has resolved to postpone the surrender of its securities business license from December 31, 2025, to December 31, 2026, to facilitate the smooth collection of claims following the termination of margin trading services. Due to a decline in the market price of securities used as collateral for margin trading services, a significant allowance for doubtful accounts was recorded, leading to the termination of margin trading services on December 20, 2024. The balance of claims decreased from approximately 11 billion yen to about 7.5 billion yen by the end of September 2025, with a collateral coverage ratio of 217.9%. After the license surrender, dissolution and liquidation are planned.
Impact on Investors
The impact of this matter on the Company's consolidated results for the fiscal year ending December 2025 is considered minimal. The status of claim collection will continue to be disclosed in GMO-FH's financial briefing materials, and any matters requiring disclosure in the future will be promptly announced. The postponement of the surrender of the securities business license is a measure to facilitate claim collection, and there is no change in the business termination policy.
