Worth reading
55In focus
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
447
¥100 million (extraordinary gain in standalone financial results)Wording
Definitive
How definitive the wording is.This transaction
Sale in connection with the secondary offering and the exercise of the greenshoe optionDisclosing companyGMO internet group,Inc.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Target company
Plays a central role in the Internet infrastructure business and the Internet advertising and media business
Consideration and expenses
Amount of extraordinary income (loss)¥44.7 billion extraordinary gain (standalone financial statements)
Impact on Business Performance
An extraordinary gain of ¥44.7 billion will be recognized in the standalone financial statements. The impact on consolidated profit or loss will be immaterial.
Procedures and assumptions
Management structure after acquisitionGMO Internet, Inc. will remain an important subsidiary of the Company's group, and there will be no change in its status as a consolidated subsidiary.
| Item | Details |
|---|---|
| Transaction name | Sale in connection with the secondary offering and the exercise of the greenshoe option |
| Name of the Subject Company | GMO Internet, Inc. |
| Business Description of the Subject Company | Plays a central role in the Internet infrastructure business and the Internet advertising and media business |
| Voting rights ownership percentage | Before 91.9% → after 60.5% |
| Amount of extraordinary income (loss) | ¥44.7 billion extraordinary gain (standalone financial statements) |
| Impact on Business Performance | An extraordinary gain of ¥44.7 billion will be recognized in the standalone financial statements. The impact on consolidated profit or loss will be immaterial. |
| Management structure after acquisition | GMO Internet, Inc. will remain an important subsidiary of the Company's group, and there will be no change in its status as a consolidated subsidiary. |
Items this document does not state (25)
Counterparty nameLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountDate of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.Sale of shares in connection with the secondary offering and the exercise of the greenshoe option, aimed at ensuring that GMO Internet, Inc. continues to meet the listing maintenance requirements.
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.