News
Capital Increase through Private Placement
Tokyo, Japan – February 27, 2012 -- GMO Registry today issued a private placement of new shares to parent company, GMO Internet, raising JPY390 million in capital.
1. Background
There are currently 22 gTLDs in use worldwide (.com, .net, .and .org etc.) and ICANN is now expanding the existing generic top level domain space and accepting applications for new character strings.
In 2009 GMO Registry announced it would apply to operate new gTLD, .shop, and has since received support from various municipal governments to operate a number of geographical names including .tokyo and .osaka. At the same time the company is proceeding with multiple applications for global brands and other names.
GMO Registry secured funding today with the objective of further strengthening the financial base of its new gTLD business.
| Allocation of Shares | 7,800 common shares | |||
| Purchaser | GMO Internet, Inc. (100%) | |||
| Pay-in Amount | JPY390 million | |||
| Pay-in Date | February 27, 2012 | |||
| Capital Increase | Prior to Increase | After Increase | ||
| Outstanding shares | 2,000 shares | 9,800 shares | ||
| Capital | JPY100 million | JPY490 million | ||
| Shareholder composition | GMO Internet 100% | GMO Internet 100% | ||
| Top Level Domain (TLD) | The suffix in a domain name or the characters that come after the final dot. For example .com, .net, .jp. Management of TLDs is delegated by ICANN. |
| ICANN | (Internet Corporation for Assigned Names and Numbers) Non-profit organization responsible for the global management of Internet domain names and IP addresses. It also holds the authority to designate official domain registration companies. |
| gTLD | (Generic Top Level Domain) In June 2008 the Board of ICANN approved a recommendation overhauling the rules for introducing TLDs. Until now users have been restricted to 22 gTLDs (.com, .net etc.), and with the exception of country and regional TLDs, applications for specific new gTLDS were solicited by ICANN. The new gTLD program significantly relaxes the process and ICANN is accepting applications for new gTLDS through to April 2012. |
About GMO Internet Group
GMO Internet Group is one of the most comprehensive providers of industry-leading Internet services worldwide. As well as domain registration, web hosting, ecommerce, and payment processing businesses that each hold the top share in their respective markets in Japan, services operated by the group include Internet advertising, search engine marketing and research. Global online security brand GlobalSign and major Japanese online securities brokerage, GMO CLICK Securities are also group members. In 2011 a new Social Media & Smartphone Platform segment was established bringing together group initiatives in social apps development, flash marketing and Android apps distribution. GMO Internet, Inc. (TSE: 9449) is headquartered in Tokyo, Japan.
GMO Registry, Inc.
| Company Name | GMO Registry, Inc. http://www.gmoregistry.com/ |
| Location | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
| CEO | Masatoshi Kumagai |
| Business Description | - Domain registry services |
| Capital | JPY490 million |
GMO Internet, Inc.
| Company Name | GMO Internet (TSE First Section Code: 9449) https://www.gmo.jp/en |
| Location | Cerulean Tower, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JAPAN |
| CEO | Masatoshi Kumagai |
| Business Description | - Web Infrastructure & Ecommerce - Internet Media - Internet Securities - Social Media & Smartphone Platform |
| Capital | JPY 2 billion |