GMO internet group,Inc. [9449.T]
TOKYO, Jun 19 (Pulse News Wire) – GMO Internet Group,inc. (9449.T) announced today that its board of directors has approved a new share repurchase program aimed at enhancing capital efficiency and expanding enterprise value.
The company plans to utilize up to ¥30.00 billion as the funding source for the repurchase, which will run from June 22, 2026 to June 21, 2027. Under the revised policy, the company intends to gradually cancel acquired treasury shares equivalent to 17% of the parent company's attributable earnings, following dividend payments exceeding 33%. As of June 19, the company had approximately 20.78 million shares shares purchased (progress rate 54.2%) and 10.45 million shares shares canceled (progress rate 27.3%). The total number of treasury shares held stands at 9,283,574.
The repurchase will involve up to 16 million shares ordinary shares, representing 16.32% of the outstanding shares excluding treasury stock. The total amount allocated for the repurchase is capped at ¥30.00 billion. This initiative aligns with the company’s broader shareholder return strategy, targeting a total payout ratio of 50%. Specifically, the dividend payout ratio is set to be at least 33% of the parent company’s attributable earnings, while the remaining portion will be directed towards share repurchases.
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