Notice of making OMAKASE Co., Ltd., which develops reservation management service for popular restaurants, a subsidiary through share delivery (a simple form share delivery)

The GMO Internet, Inc. Board of Directors has resolved at a meeting convened today to execute a share delivery (the "Share Delivery") through which GMO Internet, Inc. (the "Company") will become the parent company and OMAKASE Co., Ltd. (“OMAKASE”) will become a subsidiary, executed the contract concerning the share delivery with some shareholders and share option holders of OMAKASE, and created the scheme of share delivery. New shares will not be issued to shareholders, as the Share Delivery uses shares of GMO Internet treasury stock.
Please note that certain details have been omitted as the net assets of OMAKASE, a subsidiary upon the Share Delivery, as of the last day of the most recent fiscal year is expected to be lower than 10% of the net assets of the Company, a parent company upon the Share Delivery, and net sales of OMAKASE in the most recent fiscal year is expected to be lower than 3% of the net sales of the Company.

Please refer to the material below for more details.

https://ir.gmo.jp/en/pdf/irlibrary/gmo_disclose_info20210524_e.pdf.pdf