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GMO Internet ( (JP:9449) ) has shared an update.
GMO Internet Group, Inc. announced the approval of the listing of GMO TECH Holdings, Inc. on the Tokyo Stock Exchange Growth Market through a joint stock transfer. This strategic move involves the integration of its subsidiaries, GMO TECH Co., Ltd. and Design One Japan Corporation, into a new holding company, which will enhance operational synergies and market presence. The listing is part of GMO’s broader strategy to maximize group synergies and enhance corporate value, although the impact on consolidated business performance is expected to be minimal.
The most recent analyst rating on (JP:9449) stock is a Hold with a Yen4215.00 price target. To see the full list of analyst forecasts on GMO Internet stock, see the JP:9449 Stock Forecast page.
More about GMO Internet
GMO Internet Group, Inc. operates in the internet services industry, focusing on providing a range of services including internet infrastructure, online advertising, internet finance, and cryptocurrency. The company is known for its strategy of fostering growth through internal development and strategic listings of its subsidiaries, leveraging synergies within its group companies.
YTD Price Performance: 48.97%
Average Trading Volume: 240,320
Technical Sentiment Signal: Buy
Current Market Cap: Yen412.5B
Find detailed analytics on 9449 stock on TipRanks’ Stock Analysis page.