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Screenshot of a breaking news alert e-mail from Q2 2017
GMO Internet Inc. (TYO:9449) today announced a sharp upward revision in its full-year earnings and dividend forecast, as the company received an extraordinary gain from the sale of a 4.99% stake in its securities trading subsidiary GMO Click Holdings Inc (TYO:7177).
The net profit forecast for the year to December 31, 2015, is revised upwards by 38.5%, or by JPY 2.5 billion. (You can view details on the revised forecast in the table below).
In addition, GMO Internet unveiled a new dividend forecast for the third quarter of the year. Based on the corporate policy to distribute 33% of consolidated net profit in dividend payouts and on the revised full-year profit guidance, GMO Internet has decided to increase the third-quarter forecast by JPY 2.00 to JPY 7.00. As a result the total forecast is revised from JPY 21.00 to JPY 26.00 (34% payout ratio).
To view the official announcement on the revised earnings and dividend forecast, click here.