December 27, 2007
Consolidated Financial Condition Following Completion of Capital Increase
- GMO Internet Inc.
Tokyo- December 27, 2007 – Payment was completed today for the allocation of shares to third parties agreed on at the December 12, 2007 meeting of the GMO Internet Board of Directors.
As reported on December 10, 2007, shareholders’ equity was temporarily damaged as a result of an allocation to the allowance for doubtful debt following loans to NetCard, Inc. However through the capital increase we have strengthened our financial basis.
This has had a major impact on the company’s financial condition and therefore we are providing a projection of consolidated financial condition on the last day of December, 2007.
Please refer to the document Consolidated Financial Condition Following Completion of Capital Increase posted today on our Investor Relations site for the following details.
1. Assets
2. Net Assets
Media Inquiries
GMO Internet Inc. Group PR Team
The GMO Internet Group
The GMO Internet Group is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services in Japan. We hold top domestic market shares in domain registration, web hosting and payment processing and we provide a host of other services including e-commerce solutions and Internet advertising to individual and corporate customers. Striving to redefine the industry and foster a vibrant Internet culture, the GMO Internet Group is continuously working to inspire enthusiasm in our customers and put smiles on their faces.
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Company Name
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GMO Internet Inc. http://www.gmo.jp/en
(TSE First Section Code: 9449)
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Address
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Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN
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CEO
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Masatoshi Kumagai
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Business Description
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■Internet Use Support (Infrastructure)
■Internet Advertising Support (Media)
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Capital
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￥ 9,651,750,000
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