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An announcement from GMO Internet ( (JP:9449) ) is now available.
GMO Internet Group, Inc. has partially sold shares of its subsidiary, GMO Internet, to comply with listing criteria on the TSE Prime Market, expecting to record an extraordinary profit of approximately ¥7.2 billion. This move is aimed at improving the tradable share ratio, enhancing liquidity, and sustaining corporate value, with minimal impact on consolidated profit or loss, while continuing efforts to strengthen investor relations and meet compliance deadlines.
The most recent analyst rating on (JP:9449) stock is a Hold with a Yen3700.00 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, offering a range of services including internet infrastructure, online advertising, internet finance, and cryptocurrency. The company is focused on enhancing its market presence and corporate value through strategic financial measures and investor relations activities.
Average Trading Volume: 238,790
Technical Sentiment Signal: Buy
Current Market Cap: Yen364.9B
See more data about 9449 stock on TipRanks’ Stock Analysis page.