GMO TECH Holdings,Inc. [415A.T]
TOKYO, Mar 31 (Pulse News Wire) – GMOTech (415A.T) disclosed that its parent company, GMO Internet Group, holds a controlling stake of 52.7%. GMO Internet Group owns 52.7% of GMOTech’s voting rights through direct holdings.
GMOTech operates independently based on principles of autonomy and independence but acknowledges potential impacts on operations should there be changes in GMO Internet Group's basic policies towards the company. GMOTech is part of GMO Internet Group's internet advertising and media division and provides SEO services both under its own brand and OEM for the group.
Changes in the group's policy could affect GMOTech's business and performance. Regarding intercompany transactions, GMOTech regularly reviews economic rationality in dealings with GMO Internet Group companies and ensures fair conditions compared to third-party deals.
However, significant changes in transaction policies or difficulties securing alternative suppliers could impact GMOTech's business and results.
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