Key Developments: GMO Internet Inc (9449.T)

9449.T on Tokyo Stock Exchange

1,168JPY
25 Jul 2014
Price Change (% chg)

¥-3 (-0.26%)
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¥1,171
Open
¥1,167
Day's High
¥1,176
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¥1,166
Volume
151,400
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1,099,835
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¥1,499
52-wk Low
¥848

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Latest Key Developments (Source: Significant Developments)

GMO Internet Inc to establish joint venture
Monday, 27 Jan 2014 01:30am EST 

GMO Internet Inc:Says to establish a Tokyo-based joint venture with Bakumatsu on Jan. 30.Says the joint venture to be engaged in investment creation business.Says the joint venture to be capitalized at 50 million yen, in which the company to hold a 60 pct stake, GMO VenturePartners to hold a 20 pct stake and Bakumatsu to hold a 20 pct stake.  Full Article

GMO Internet Inc's subsidiary to establish subsidiary in Hong Kong
Tuesday, 17 Dec 2013 01:30am EST 

GMO Internet Inc:Says its subsidiary GMO CLICK Holdings, Inc. will establish a wholly owned subsidiary GMO CLICK Bullion Limited in Hong Kong, in late December.Says the new company will be engaged in precious metal transaction business through margin transaction.  Full Article

GMO Internet Inc's subsidiary to establish subsidiary in South Korea
Monday, 16 Dec 2013 02:00am EST 

GMO Internet Inc:Says its wholly owned subsidiary GMO Internet Pte.Ltd. will establish a wholly owned subsidiary GMO Data Center Korea,Inc. in South Korea, in Jan. 2014.Says the new company will be engaged in provision of cloud service GMO AppsCloud.  Full Article

GMO Internet Inc's subsidiary to fully acquire GMO solutionpartner,INC
Monday, 2 Dec 2013 03:30am EST 

GMO Internet Inc's GMO AD Partners Inc:Says it will fully acquire GMO solutionpartner,INC (SOL) through stock swap.Says one share of SOL's stock will be exchanged with 229 shares of its stock.Says 1,557,200 of its common shares will be exchanged.Says transaction effective date Jan. 1, 2014.GMO solutionpartner,INC is currently wholly owned by GMO Internet Inc.  Full Article

GMO Internet Inc Raises Consolidated Full-year Outlook for FY 2013; Raises Year-end Dividend Forecast for FY 2013
Wednesday, 30 Oct 2013 02:30am EDT 

GMO Internet Inc announced that it has raised consolidated full-year outlook for revenue from JPY 83,000 million to JPY 92,000 million, operating profit from JPY 10,500 million to JPY 11,000 million, ordinary profit from JPY 10,500 million to JPY 11,000 million, net profit from JPY 4,800 million to JPY 5,000 million, earnings per share from JPY 40.74 to JPY 42.44 for the fiscal year ending December 2013. The positive outlook is mainly due to good performance of cloud service business for smart phones, as well as e-commerce business. The Company also announced that it has raised the year-end dividend forecast from JPY 4 per share, to JPY 5 per share, for the fiscal year ending December 2013.  Full Article

GMO Internet Inc to Sell Shares of Acrodea Inc
Tuesday, 29 Oct 2013 03:10am EDT 

Acrodea Inc announced that GMO Internet Inc will sell its holding 22,000 shares of Acrodea to Daiwa Securities Co., Ltd., on November 1, 2013. As a result, GMO Internet will hold no voting rights of Acrodea, down from 18.52%, while Daiwa Securities will become the top shareholder with 18.52% voting rights, up from 0%, effective November 1, 2013.  Full Article

GMO Internet Inc to Fully Acquire Gamepot Inc.
Monday, 21 Oct 2013 05:00am EDT 

GMO Internet Inc announced that it has decided to acquire 5,803 shares (100% stake) of Gamepot Inc. from AGGP Holdings, Inc, for JPY 914 million, on November 15, 2013.  Full Article

GMO Internet Inc's Subsidiaries (GMO VenturePartners and GMO Payment Gateway Inc) to Establish Fund
Monday, 21 Oct 2013 05:00am EDT 

GMO Internet Inc announced that its two subsidiaries, including GMO VenturePartners and GMO Payment Gateway Inc will establish a fund to invest in clearing business in Southeast Asia, on October 31, 2013. GMO VenturePartners and GMO Payment Gateway Inc will invest JPY 5 million and 500 million in the fund, respectively.  Full Article

GMO Internet Inc's Subsidiary to Acquire China Concierge Group
Monday, 30 Sep 2013 02:30am EDT 

GMO Internet Inc announced that its subsidiary, GMO AD Partners Inc., has decided to acquire 3,370 shares (a 51% stake) of China Concierge Group's stock, for approximately JPY 89.5 million, effective October 1, 2013. Consequently, five companies owned by China Concierge Group will also become the Company's subsidiaries.  Full Article

GMO Internet Inc's Sub-subsidiary to Establish Subsidiaries
Monday, 19 Aug 2013 05:40am EDT 

GMO Internet Inc announced that its sub-subsidiary GMO PAYMENT GATEWAY PTE.LTD. will establish a wholly owned subsidiary GMO PAYMENT GATEWAY MALAYSIA SDN. BHD. in Malaysia and a wholly owned subsidiary GMO PAYMENT GATEWAY HONG KONG LTD. in Hong Kong in mid September 2013, which will be engaged in provision of settlement services, planning and execution of marketing strategies and development activities.  Full Article

Rural Oregon voters back ban on GMO crops amid U.S. labeling uproar

PORTLAND, Oregon - Voters in two small Oregon counties on Tuesday approved controversial ballot measures to ban cultivation of genetically engineered crops within their boundaries, though one measure is vulnerable to legal challenge under a new state law.

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