GMO Internet : Notice of Acquisition of Treasury Shares(Acquisition of treasury stock pursuant to Article 459-1 of the Japanese Companies Act and the company’s Articles of Incorporation)
February 09, 2018 at 02:06 am EST
Share
February 9, 2018
Company Name:
GMO Internet, Inc.
(TSE First Section, Code: 9449)
Address:
26-1 Sakuragaoka-cho Shibuya-ku Tokyo JAPAN
Representative:
Masatoshi Kumagai, CEO and Representative Director
Contact:
Masashi Yasuda, Chief Financial Officer
Telephone:
+81 3 5456 2555
URL:
http://www.gmo.jp/en
Notice of Acquisition of Treasury Shares
(Acquisition of treasury stock pursuant to Article 459-1 of the Japanese Companies Act and the company's Articles of Incorporation)
GMO Internet, Inc. announces that the following has been resolved in regard to items relating to the acquisition of treasury shares pursuant to Article 459-1 of the Japanese Companies Act and the company's articles of incorporation.
1. Reasons for the Acquisition of Treasury Stock
GMO Internet revised its Total Shareholder Returns Policy as of the 12/2016 fiscal year. Under the new policy, the company aims to return 50% of profits to shareholders. The company's target dividend payout ratio remains at a minimum of 33% of consolidated net profit, while we will aim to allocate the remainder of the 50% of consolidated net profit to the acquisition of treasury stock after taking into consideration business results and financial condition, and taking a flexible approach in accordance with share price.
Consolidated net profit, as disclosed in the GMO Internet Group Financial Results statements for the fiscal year 2017 was JPY8,030 million, and 50% of this amount is allocated to shareholder returns. A total of JPY2,656 million will be paid out in dividends and the remaining JPY1,360 million will be allocated to the acquisition of treasury stock.
2. Details of Acquisition
(1) Type of shares to be acquired
GMO Internet common shares
(2) Total number of shares to be acquired
Up to 1,000,000 shares
% of outstanding shares (excluding treasury shares): 0.87%
(3) Total cost of share acquisition
Up to JPY 1,360 million
(4) Acquisition period
February 13, 2018 through to December 28, 2018
(Reference) Treasury Share Ownership as of December 31, 2017
No. of Outstanding shares (excluding treasury shares) Treasury shares
115,095,076 1,811
1
GMO Internet Inc. published this content on 09 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2018 07:05:03 UTC.
Original documenthttps://ir.gmo.jp/en/pdf/irlibrary/disclose_info20180209_e.pdf
Public permalinkhttp://www.publicnow.com/view/443541CF2C7882DEDC1613D99B10A275F3492F56
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 : Notice of Acquisition of Treasury Shares(Acquisition of treasury stock pursuant to Article 459-1 of the Japanese Companies Act and the company’s Articles of Incorporation)
GMO INTERNET GROUP, INC. 
