GMO Internet Inc (9449.T)

9449.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

GMO Tech to take over Web application business for 98.8 mln yen
Monday, 27 Nov 2017 

Nov 27 (Reuters) - GMO Tech Inc <6026.T>:Says it will take over Web application business for 94.8 million yen, from unit of GMO AD Partners Inc <<<4784.T>>>.Effective Jan. 1, 2018 .  Full Article

GMO payment Gateway announces application of International Financial Reporting Standards
Thursday, 2 Nov 2017 

Nov 2(Reuters) - GMO payment Gateway Inc <3769.T>:Says it will apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.IFRS effective from financial statement of Q1 for FY 2018.  Full Article

GMO Internet to merge with units
Monday, 23 Oct 2017 

Oct 23 (Reuters) - GMO Internet Inc <9449.T>:Says it will merge with three units, GMO Gamepot Inc., Syncloud, Inc and Tokyo-based mobile entertainment firm, effective Dec. 1 .Says three units will be dissolved after merger .  Full Article

GMO Internet to retire treasury shares
Monday, 23 Oct 2017 

Oct 23 (Reuters) - GMO Internet Inc <9449.T>:Says it will retire 847,790 shares (0.7 percent of outstanding) of its common stock on Oct. 30.Says the total shares outstanding is 115.1 million shares after the retirement.  Full Article

GMO payment gateway to raise stake in GMO Financial Gate and GCS
Monday, 22 Aug 2016 

GMO payment gateway Inc <3769.T> : Says the company, as the wholly owned subsidiary of GMO Internet Inc <9449.T>, plans to buy 58,621 shares in GMO Financial Gate, a Tokyo-based firm engaged in settlement service business of credit card etc., for 1.7 billion yen . Says the company to raise stake in GMO Financial Gate to 65 percent from 49.6 percent, via private placement plan offered by GMO Financial Gate . GMO Financial Gate will fully acquire 1,000 shares (100 percent stake) in a Tokyo settlement agent, Global Card System (GCS), for 770 million yen which was raised from the private placement plan, thus the company will hold a 65 percent stake in GCS indirectly after the transaction .Transaction effective date on Sep. 30.  Full Article

Japan Post Holdings to sell its internet payment unit to GMO Internet Group - Nikkei
Wednesday, 17 Aug 2016 

Nikkei: Japan Post Holdings will sell an online payment service operation that has failed to attract customers amid competition from big e-commerce co's - Nikkei . Japan Post Holdings projects a net profit of 12 billion yen ($119 million) for the year ending in March - Nikkei . As Part Of Japan Post Deal To Unload Internet Payment Unit,GMO'S Payment Service Unit Will Take Over The Business,Japan Post Finance Will Be Liquidated - Nikkei .The Japan Post Group and Sumitomo Mitsui Trust bank group will take on japan post finance employees after divestiture of Japan Post Finance - Nikkei.  Full Article

Aozora plans Capital and Business Alliance for Joint Venture Internet Bank with GMO Internet, Inc.
Friday, 24 Jun 2016 

Aozora Bank Ltd <8304.T> : Says Aozora Bank Ltd <8304.T> and wholly-owned subsidiary Aozora Trust Bank,Ltd. have entered into a capital and business alliance with GMO Internet Inc <9449.T> regarding a joint venture Internet bank, which will be operated by Aozora Trust .Aozora Trust plans private placement to Aozora Bank and GMO Internet for about 6.6 billion yen.  Full Article

GMO Internet completes acquisition of GMO-Z com NetDesign Holdings
Tuesday, 7 Jun 2016 

GMO Internet Inc <9449.T> :Says it completes acquisition of Thailand-based GMO-Z com NetDesign Holdings which was newly established by two individuals who are shareholders of Thai domain and hosting group, NetDesign, on June 6.  Full Article

Aozora Bank says agreement on JV Internet Bank with GMO Internet
Friday, 27 May 2016 

Aozora Bank ltd <8304.T> :Says Aozora Bank ltd <8304.T> , Aozora Trust Bank ltd announcesd signing of a memorandum of agreement with GMO Internet Inc <9449.T> regarding a joint venture Internet bank.  Full Article


Japan punishes seven cryptocurrency exchanges over regulatory lapses

TOKYO Japan punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after a $530 million theft of digital money from Tokyo-based Coincheck Inc earlier this year.