June 25, 2024

Notice Regarding Transition to a Holding Company Structure and the Execution of an Absorption-Type Company Split Agreement (Simplified Absorption-Type Company Split) with GMO AD Partners Inc., a Consolidated Subsidiary

  • GMO Internet Group, Inc.

GMO Internet Group, Inc. (the “Company") hereby announces that at today's Board of Directors meeting, it was resolved to transfer the Company’s Internet Infrastructure (Domain business, cloud hosting business, access business) and Internet Advertising/Media Business (the "Target Businesses") to our consolidated subsidiary, GMO AD Partners Inc. (Stock Code: 4784, TSE Standard; "GMO-AP") through an absorption-type company split (the "Absorption Split").

Specifically, it was resolved to enter into an absorption split agreement (the "Absorption Split Agreement") to transfer the Target Businesses from our company to GMO-AP, and this agreement was signed as of today.Additionally, as a result of this Absorption Split, the Company will transition to a holding company structure.

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