GMO Internet executes JPY 2.19bn share repurchase

GMO Internet Group (TSE:9449) has announced the completion of a share repurchase program, as resolved by the board of directors on February 12, 2025. Between February 13 and February 28, 2025, the company acquired 749,300 of its own common shares through market purchases on the Tokyo Stock Exchange. The total cost of the repurchased shares amounted to ¥2,191,487,100. This repurchase is part of a long-term strategy to acquire and cancel approximately 38.35 million shares issued during a capital increase related to the withdrawal from the loan credit business between 2006 and 2007. The initial board resolution on February 12, 2025, authorized the repurchase of up to 4.6 million shares, representing 4.40% of outstanding shares, for a maximum total value of ¥10 billion, between February 13, 2025 and February 10, 2026.