February 25, 2008
Notification regarding Reduction of Capital and Capital Reserve and Appropriation of Surplus
- GMO Internet Inc.
Tokyo- February 25, 2008 – At the GMO Internet, Inc. Board of Directors meeting convened today, it was resolved to propose, to the 2008 Annual General Stockholders Meeting on March 27, 2008, the reduction of capital and capital reserve and the appropriation of surplus for the purpose of loss replenishment.
Please refer to the document Notification regarding Reduction of Capital and Capital Reserve and Appropriation of Surplus posted today on our Investor Relations site for the following details.
1. Objective of Reducing Capital and Capital Reserve
2. Outline of the Reduction to Capital
3. Outline of the Reduction to Capital Reserve
4. Outline of the Appropriation of Surplus
5. Schedule for Reductions in Capital and Capital Reserve (tentative)
6. Outlook
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.
|
Company Name
|
GMO Internet Inc. http://www.gmo.jp/en
(TSE First Section Code: 9449)
|
|
Address
|
Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN
|
|
CEO
|
Masatoshi Kumagai
|
|
Business Description
|
- Internet Use Support (Infrastructure)
- Internet Advertising Support (Media)
|
|
Capital
|
12,631,970,000 yen
|