Komori
Occurring Fact9449GMO internet group,Inc.Information and Communications, Services and Others

Notice Regarding the Recognition of an Extraordinary Loss (Impairment Loss on Shares of an Affiliated Company) in Non-Consolidated Financial Results

GMOインターネットグループ resolved to dissolve and liquidate its U.S. consolidated subsidiary, GMO Trust, and is expected to recognize an impairment loss of ¥2.2 billion on shares of an affiliate in its non-consolidated financial results. As this loss will be eliminated in the consolidated financial statements, its impact on consolidated results is expected to be minor.

Worth reading
52Recurring
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
22
Hundreds of millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

Recognition of an Extraordinary Loss (Impairment Loss on Shares of an Affiliate) in Non-Consolidated Financial Results

Subject Entity

GMOインターネットグループ株式会社 and its consolidated subsidiary, GMO-Z.com Trust Company, Inc.

Target Locations / Products

GMO-Z.com Trust Company, Inc. (U.S. entity), the Japanese yen-linked stablecoin GYEN, and the U.S. dollar-linked stablecoin ZUSD

Occurrence15 May 2026 (the date the Board of Directors resolved to dissolve and liquidate GMO Trust)
Same day
Litigation / administrative action15 May 2026 (the date of the resolution to dissolve and liquidate the entity)
This disclosure05/15/2026
Cause

The decision was made to liquidate the U.S. entity in anticipation of future business expansion in Japan, following the acquisition of technical expertise relating to stablecoins.

Amount of Impact on Business Performance

¥2.2 billion (impairment loss on shares of an affiliate, recognized as an extraordinary loss, in the non-consolidated financial results)

Accounting period in which recognized

Non-consolidated financial results for the second quarter of the fiscal year ending December 2026

Impact on Earnings Forecast

The impact on consolidated results is expected to be minor.

Related procedures

Type

Liquidation proceedings in accordance with applicable local laws

Court or authority

New York State Department of Financial Services (NYDFS)

Outlook

The liquidation proceedings will be conducted in consultation with the New York State Department of Financial Services. In the fourth quarter, the amount of the impairment loss on shares of an affiliate recognized on this occasion may change depending on the market value of the shares. If any matter requiring disclosure arises, it will be disclosed promptly.

Event that occurred
ItemDetails
Event nameRecognition of an Extraordinary Loss (Impairment Loss on Shares of an Affiliate) in Non-Consolidated Financial Results
Date of occurrence15 May 2026 (the date the Board of Directors resolved to dissolve and liquidate GMO Trust)
Subject EntityGMOインターネットグループ株式会社 and its consolidated subsidiary, GMO-Z.com Trust Company, Inc.
Target Locations / ProductsGMO-Z.com Trust Company, Inc. (U.S. entity), the Japanese yen-linked stablecoin GYEN, and the U.S. dollar-linked stablecoin ZUSD
CauseThe decision was made to liquidate the U.S. entity in anticipation of future business expansion in Japan, following the acquisition of technical expertise relating to stablecoins.
Amount of Impact on Business Performance¥2.2 billion (impairment loss on shares of an affiliate, recognized as an extraordinary loss, in the non-consolidated financial results)
Accounting period in which recognizedNon-consolidated financial results for the second quarter of the fiscal year ending December 2026
Impact on Earnings ForecastThe impact on consolidated results is expected to be minor.
Type of litigation or proceedingLiquidation proceedings in accordance with applicable local laws
Court or authorityNew York State Department of Financial Services (NYDFS)
Date of filing / date of action15 May 2026 (the date of the resolution to dissolve and liquidate the entity)
OutlookThe liquidation proceedings will be conducted in consultation with the New York State Department of Financial Services. In the fourth quarter, the amount of the impairment loss on shares of an affiliate recognized on this occasion may change depending on the market value of the shares. If any matter requiring disclosure arises, it will be disclosed promptly.
Planned follow-up disclosureIf any matter requiring disclosure arises, it will be disclosed promptly.
Items this document does not state (12)
Date recognized / date notice receivedPlaintiffDefendantClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the change

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The U.S. entity will be liquidated in anticipation of future business expansion in Japan, following the acquisition of technical expertise relating to stablecoins.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Recognition of an Extraordinary Loss (Impairment Loss on Shares of an Affiliated Company) in Non-Consolidated Financial Results | GMO internet group,Inc. (9449) timely disclosure | Komori