GMO Internet, Inc. announces an Equity Buyback for 3,000,000 shares, representing 2.74% for ¥5,000 million.
February 09, 2022
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GMO Internet, Inc. (TSE:9449) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.74% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to enhance shareholder returns through improvement of capital efficiency.
The program will continue through February 10, 2023. As of December 31, 2021, the company had 109,609,685 issued shares (excluding treasury stock) and 2,283,361 treasury shares.
GMO Internet Group Inc, formerly GMO Internet Inc, is engaged in Internet infrastructure business, Internet advertising and media business, Internet finance business, crypto asset business and incubation business. The Company operates through five segments. The Internet Infrastructure segment is engaged in domain business, cloud hosting business, electronic commerce (EC) support business, security business, and access business. The Internet Advertising and Media segment is engaged in Internet advertising business, Internet media business, and Internet research business. The Internet Finance segment provides financial instruments trading services such as online securities trading services and foreign exchange margin trading services. The Crypto Asset segment is engaged in the business related to crypto asset exchange and mining. The Incubation segment invests in unlisted companies, mainly Internet-related companies. The Company is also engaged in the mobile entertainment business.
GMO INTERNET GROUP, INC. 
