FilingReader Intelligence

GMO Internet continues share buyback program, nearing JPY 10 billion target

September 3, 2025 at 12:05 PM UTCBy FilingReader AI

GMO Internet Group Inc. repurchased 190,100 shares of its common stock in August 2025, with a total acquisition cost of JPY 740,837,800. These buybacks were conducted through open market purchases on the Tokyo Stock Exchange from August 1, 2025, to August 31, 2025. This activity is part of a larger plan resolved by the Board of Directors on February 12, 2025.

The ongoing resolution, effective from February 13, 2025, to February 10, 2026, authorizes the acquisition of up to 4,600,000 shares, representing 4.40% of outstanding shares (excluding treasury shares), with a maximum cost of JPY 10.0 billion. As of August 31, 2025, the cumulative shares repurchased under this resolution totaled 3,120,000, at a total cost of JPY 9,694,543,450.

This strategic repurchase activity aligns with the company's long-term shareholder return policy, aiming to acquire and cancel approximately 38.35 million shares. These shares were originally issued between 2006 and 2007 to strengthen capital after exiting the loan credit business.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:9449Tokyo Stock Exchange

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