February 13, 2023
Announcement Regarding the Completion of the Share Repurchase Program
- GMO Internet Group, Inc.
GMO Internet Group, Inc. (the Company) hereby announces that the Company repurchased its own shares in accordance with Article 459-1 of the Japanese Companies Act and the company’s articles of incorporation and that it has completed the repurchase resolved at the Board of Directors meeting held on February 10, 2022. There has not been any acquisition after publishing the press release "Announcement Regarding the Status of Share Repurchases" on July 1, 2022. The Company resolved at a board of directors meeting held today to retire treasury shares - out of which approximately JPY 1.5 billion is about 11.4% (=50-38.6; the Company aims to return 50% of profits to shareholders, and the dividend payout ratio is a minimum of 33%) of consolidated net profit for the fiscal year 2022 - pursuant to Article 178 of the Companies Act. For details, please see the press release dated February 13, 2023, entitled “Notice of Retirement of Treasury Share.”
Please refer to the material below for more details.