June 22, 2009
Advertising Agency Business Reorganization through Establishment of Holding Company
- GMO Internet, Inc.
Tokyo - June 22, 2009 -- At a meeting of the GMO Internet Board of Directors convened on June 22, 2009, it was resolved to establish a holding company through a consolidated subsidiary corporate split (shinsetsu bunkatsu) in a reorganization of the group’s advertising agency business.
Please refer to the IR News Release (http://ir.gmo.jp/en/pdf/irlibrary/disclose_info20090622_e.pdf) for the following details.
I Objectives of the Business Reorganization
II Capital Increase in the Current NIKKO
1. Details of capital increase
2. Overview of the current NIKKO
III GMO AD Partners Stock Transfer
1. Overview of GMO AD Partners
2. Company to acquire GMO AD Partners stock
3. Number and proportion of shares held before and after the transfer
4. Stock transfer schedule
VI Spin Out of Advertising Agency Business from the current NIKKO
1. Outline of corporate split
(1) Schedule
Please refer to the IR News Release (http://ir.gmo.jp/en/pdf/irlibrary/disclose_info20090622_e.pdf) for the following details.
I Objectives of the Business Reorganization
II Capital Increase in the Current NIKKO
1. Details of capital increase
2. Overview of the current NIKKO
III GMO AD Partners Stock Transfer
1. Overview of GMO AD Partners
2. Company to acquire GMO AD Partners stock
3. Number and proportion of shares held before and after the transfer
4. Stock transfer schedule
VI Spin Out of Advertising Agency Business from the current NIKKO
1. Outline of corporate split
(1) Schedule
(2) Method of split
(3) Stock allocation
(4) Payment for new shares
(5) Decrease in capital etc. resulting from split
(6) Rights and obligations inherited by the newly established company
(7) Repayment of debt
2. Outline of company to be split
3. Business results in the three most recent terms
4. Outline of business to be split off
(1) Description of the business to be split off
(2) Operating results in the business to be split off
(3) Assets and liabilities to be split off (As of June 10, 2009)
5. After the corporate split
V Impact of Business Reorganization on Business Results
(Reference)
3. Business results in the three most recent terms
4. Outline of business to be split off
(1) Description of the business to be split off
(2) Operating results in the business to be split off
(3) Assets and liabilities to be split off (As of June 10, 2009)
5. After the corporate split
V Impact of Business Reorganization on Business Results
(Reference)
About GMO Internet Group
GMO Internet Group, headquartered in Japan, is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services worldwide. The group holds top domestic market share in domain registration, web hosting, and payment processing and provides a host of other Internet services including global online security services, e-commerce solutions, and Internet advertising to both businesses and individuals. At the centre of the group is GMO Internet, Inc. a company listed on the prestigious first section of the Tokyo Stock Exchange (TSE: 9449).
GMO Internet Group, headquartered in Japan, is a leading force in the Internet industry offering one of the most comprehensive ranges of Internet services worldwide. The group holds top domestic market share in domain registration, web hosting, and payment processing and provides a host of other Internet services including global online security services, e-commerce solutions, and Internet advertising to both businesses and individuals. At the centre of the group is GMO Internet, Inc. a company listed on the prestigious first section of the Tokyo Stock Exchange (TSE: 9449).
Media Inquiries
GMO Internet Inc. Group PR Department
GMO Internet Inc.
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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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1.27 billion yen
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