Tranche Update on GMO Tech, Inc.'s Equity Buyback Plan announced on February 15, 2016.
May 13, 2016 at 10:10 am
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From February 15, 2016 to May 12, 2016, the company has repurchased 39,400 shares, representing 3.58% for ¥100 million. With this, the company has completed the repurchase of 39,400 shares, representing 3.58% for ¥100 million under the buyback announced on February 15, 2016.
GMO Tech Inc is a Japan-based company mainly engaged in the provision of Web marketing digital transformation (DX) services. The Company operates business through two segments. The Customer Attraction Support segment provides search engine marketing (SEM) and affiliate services. SEM services include map engine optimization (MEO) service, that takes measures to make it easier for search users to find store information and others when searching on Google Maps (local search), and measures to display higher rankings. The Company provides search engine optimization (SEO) consulting to display homepage at the top of search engines. Affiliate services include GMO SmaAD, a performance-based advertising service for smartphones, and GMO SmaAFFi, an affiliate advertising service that maximizes sales for advertisers and media owners. The Real Estate Tech segment operates application platforms for rental owners and tenants, and contract digitization services for real estate rental procedures.