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The latest update is out from GMO Internet ( (JP:9449) ).
GMO Internet Group has decided to dissolve its U.S. subsidiary GMO-Z.com Trust Company, Inc., which was licensed in New York to issue and manage the yen-pegged stablecoin GYEN and the dollar-pegged stablecoin ZUSD. The move follows a period of building technical expertise and partnerships in stablecoins and reflects a strategic shift to pursue new cryptoasset-related business opportunities in Japan.
As a result of the liquidation, the parent company expects to book an extraordinary loss of about ¥2.2 billion as a write-down of shares in the subsidiary in its non-consolidated second-quarter 2026 results. The loss will be eliminated at the consolidated level, and management expects the impact on group-wide performance to be immaterial, though the write-down amount may be adjusted at year-end depending on changes in fair value.
The most recent analyst rating on (JP:9449) stock is a Buy with a Yen4500.00 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. is a Japan-based technology and internet services conglomerate listed on the TSE Prime Market. The group operates across internet infrastructure, online advertising and media, internet finance, and cryptocurrency-related services, with a focus on digital assets, including stablecoin initiatives tied to major fiat currencies.
Average Trading Volume: 401,437
Technical Sentiment Signal: Buy
Current Market Cap: Yen319.5B
For a thorough assessment of 9449 stock, go to TipRanks’ Stock Analysis page.