January 19, 2007
Dissolution of a Subsidiary
- GMO Internet, Inc.
Tokyo – January 19, 2007--At a meeting today of the GMO NetCard Board of Directors it was decided that in order to adjust the loans and credit business platform as a result of law amendments, the GMO NetCard subsidiaries Miki Shoji and Jaxon would be dissolved after transferring their loan assets to GMO NetCard on February 6, 2006. GMO NetCard is a consolidated subsidiary of GMO Internet.
The impact of this on consolidated financial results will be minor.
Please refer to the notification on our investor relations site for an outline of the companies to be dissolved.
Media Inquiries
GMO Internet Inc. Group PR Team
E-mail: [email protected]
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 provide web hosting, e-commerce tools, domain registration, Internet advertising, online securities trading and a host of other services to over 22 million individual and 550 000 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.
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)
■Internet Finance
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Capital
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￥7,148,290,000
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*Edit (1/2009): URL updated following site renewal.