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GMO Internet Group Announces Share Repurchase as Part of Long-term Buyback Plan

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GMO Internet Group Announces Share Repurchase as Part of Long-term Buyback Plan

TipRanks Cyber Monday Sale

An update from GMO Internet ( (JP:9449) ) is now available.

GMO Internet Group, Inc. announced the repurchase of 342,100 of its own shares for approximately JPY 1.37 billion as part of a long-term share buyback plan. This move is part of a broader strategy to enhance shareholder returns, with a total of up to 4.2 million shares authorized for repurchase, reflecting 4.14% of outstanding shares, at a cost of up to JPY 10 billion.

The most recent analyst rating on (JP:9449) stock is a Hold with a Yen4339.00 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 industry, providing a wide range of services including internet infrastructure, online advertising, internet finance, and cryptocurrency. The company is headquartered in Tokyo, Japan, and is publicly traded on the Tokyo Stock Exchange.

Average Trading Volume: 240,569

Technical Sentiment Signal: Buy

Current Market Cap: Yen413B

See more data about 9449 stock on TipRanks’ Stock Analysis page.

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