August 30, 2006
For Immediate Release
Address

26-1 Sakuragaoka-cho , Shibuya-ku, Tokyo

Company name

GMO Internet Inc.

Code No.9449（First Section of TSE）

Company representative

Masatoshi Kumagai , Representative Director and President

Contact person

Masashi Yasuda, Managing Director

ＴＵＥＲＬ

81- 3 - 5456 - 2555

Ｌhttp://www.gmo.jp

GMO Net Card Inc. Announces Plans to Acquire Just Inc. and Other Stock
GMO Internet Group Inc. loans and credit business subsidiary GMO NetCard Inc.
has announced its decision to acquire all outstanding shares in the personal financecompany Just Inc. and the 13 companies in its group (hereafter “target company”) .
１．Reasons for the Stock Acquisition
The target company’s credit costs are low and it has excellent loan assets worth over
30 billion yen. The acquisition will also allow GMO Net Card Inc. to take advantage ofthe target company’s customer base to further expand its loans and credit business.
In addition to this, with its established high earning rate business model and thebenefit of GMO Internet Group Internet knowledge, we can expect a new revenue baseand an increase in income.
２．Stock Acquisition Schedule
Stock Transfer Contract Date

August 28, 2006

Transfer of Stock

August 31, 2006

The stock transfer contract comes into effect today (August 30, 2006) when thefinancing transaction with Lehman Brothers Securities Inc. is due to be finalized.
３．Method of Stock Acquisition
The merger corporation ASA5（※1）acting as the assignee of GMO Net Card Inc.,
acquired all stock in the target Company (Just Inc. and the 13 companies in the group)An agreement was established between Lehman Brothers Securities Inc and theassignee merger corporation ASA5 that Lehman Brothers Securities Inc., would lenda maximum of 27.5 billion yen (23.9 billion yen will be lent on August 31, 2006).
Lehman Brothers Securities will retain security rights for all target company stock
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and its loan assets which will eventually be securitized.
（※1）The objective of acquiring all the target company s outstanding shares by themerger corporation ASA5 was established.
Outline of Merger corporation ASA5Business Name

ASA5 Merger CorporationBusiness Details

Investment business

Established

August 4, 2006

Head Office

3-22-10 Toranamon, Minato-ku Tokyo

Capital10,000 yen

Representative

Limited Liability Chukan Hojin ASA Holdings 4（※2）（※2） Limited Liability Chukan Hojin ASA Holdings 4 is a capital investor in ASA5 Merger
Corporation.

Outline of Limited Liability Chukan Hojin ASA Holdings 4
Business Name

Limited Liability Chukan Hojin ASA Holdings
4

Business Details

Investment Business

Established

June 9, 2006

Head Office

3-22-10 Toranamon, Minato-ku Tokyo

Capital3,000,000 yen

Representative

Director:

Capital Investor

GMO NetCard（100％）

Masaki Aguni

4．Target Company Name, Number of Shares to be Acquired, Cost of Acquisition andOwnership of the Stock around the Time of Acquisition.
Company NameNo. ofAcquisition

No. ofshares

Costshares owned

owned

No. of shares

after theOwnership

before theacquiredacquisition

Ratioacquisition（¥millions）
Just Inc.

060

2,95560

100.0%

Like Card Ltd.

0100

5100100.0%

Sanyo Credit Co. Ltd

060

2,74260

100.0%

East Japan Credit Ltd

0980

4,712980

100.0%

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Sunlife Ltd

0100

5100100.0%

Sanai Credit Ltd

0603,540

60100.0%

M Million Ltd

060

1,970

60100.0%

Alto Ltd.

060

1,757

60

100.0%

Japan Ltd.

060

7,50760

100.0%JC Ltd.

0100

5100100.0%

Save Ltd0260

1,437260

100.0%N Corporation Ltd.

0100

5100100.0%

TS Corporation Ltd.

0100

5100100.0%

Total (13 companies)

02,10026,6472,100100.0%

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５．Target Company (13 companies) Recent Statement of Business Results
The following information is provided about the target company whose shares were acquired byASA5 Inc.
Target Company （13 companies）Outline①Business
Name

Just Inc.

Like Card Ltd.

Sanyo Credi Ltd.

EastJapan
Credit Ltd.

Sunlife Ltd.

Sanai Ltd.

Million Ltd.

②BusinessDetails③Established

Personal finance

Personal finance

Personal finance

Personal finance

Personal finance

Personal finance

Personal finance

September
6,
1984
2-1-11 Aramachi,
Aomorishi

May 9, 2005

October 2, 1979

May 9, 2005

June 18, 1984

2-1-11 Aramachi,
Aomorishi

September
6,
1984
2-1-11 Aramachi,
Aomorishi

5-6
Kaiunbashidori
Moriokashi

1-4-46
Oosaki4-1-6 Toukamachi,
YamagatashiSeptember
1,19841-3-1 Kasumicho
Yamagatashi

Director:
Hiroshi Azuma

Director:
Tsuyoshi Kudo

Director:
Koji Inomata

Director:
Kohei Yokoyama

Director:
Kazuo Kimura

Director:
Shinya Sudou¥5,000,000¥3,000,000¥3,000,000④Head Office⑤
Representative⑥Capital¥3,000,000¥5,000,000¥3,000,000

Director:
Masatoshi
Tsukahara¥9,800,000

Ichiko,⑦ Outstanding
Shares⑧
Shareholders’Equity

60

100

60

980

100

60

60

¥2,595,000,000-¥37,000,000¥2,407,000,000¥4,127,000,000-¥17,000,000¥3,000,000¥3,000,000⑨Total Assets¥5,683,000,000¥581,000,000¥5,082,000,000¥9,208,000,000¥168,000,000|7,347,000,000¥5,283,000,000⑩ Accounting
PeriodJune 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31⑪
Major
Customers

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers⑫
Major
shareholders
andvotingrights(over10%)

MitsukoTakahashi（53.3％）and 2other people

MitsukoTakahashi（ 53.0 ％ ） and 2other people

MitsukoTakahashi（53.3％）and 2other people

MitsukoTakahashi（51.0％）and 2other people

MitsukoTakahashi（53.0％）and 2other people

MitsukoTakahashi（53.3％）
and 2 other people

MitsukoTakahashi（53.3％）and 2other people①Business
Name

Alto Ltd.

Japan Ltd.

JC Ltd.

Save LtdNCorporationLtd.

TS Corporation
Ltd.

②
Business
Details③Established

Personal finance

Personal finance

Personal finance

Personal finance

Personal finance

Personal finance

September
5,1984
1-3-1 Kasumicho
Yamagata shi

September
5,
1984
16-23-803 Okaji
Miyaginoku,
Sendai Shi

April 25, 2005

October 20, 20055-19 Nakamachi,
Koriyamashi

September
2,19993
Mikamachi,
Hachinoheshi

November
2005
1-10-408
Seimeicho
Fukushima

Director:
Takahiko Sudo

Director:
Takashi Sasaki

Director:
Ryo Sato

Director:
Masahiro Kudo

Director:
ToshiyaSaitoh④Head Office⑤
Representative⑥Capital⑦ Outstanding
Shares⑧
Shareholders’Equity⑨Total Assets⑩ Accounting
Period⑪
Major
Customers⑫
Major
shareholders
andvotingrights(over10%)

2-6-6 Shinoda
Aomorishi

18,¥3,000,000¥3,000,000¥5,000,000¥13,000,000

Director:
HiroshiNumayama¥5,000,000

6060

100

260

100100¥1,548,000,000¥6,517,000,000-¥2,000,000¥1,252,000,000¥5,000,000¥5,000,000¥3,869,000,000¥14,055,000,000¥42,000,000¥2,681,000,000¥5,000,000¥5,000,00

June 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31

June 1 to May 31

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers

GeneralCustomers

MitsukoTakahashi（53.3％）and 2other people

MitsukoTakahashi（ 53.3 ％ ） and 2other people

MitsukoTakahashi（53.3％）and 2other people

MitsukoTakahashi（51.2％）and 2other people

MitsukoTakahashi（52.0％）and 2other people

MitsukoTakahashi（52.0％）and 2other people

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¥5,000,000

Target Company (13 companies) Recent Statement of Business Results
Accounting Period: Year Ending
May 2005

Sales (¥millions)

Ordinary Profits

Current Net Profit（¥millions）（¥millions）

Just Inc.

963

521

341

Like Card Ltd.

−−−Sanyo Credit Co. Ltd914

519

338

East Japan Credit Ltd

1,741871

593−−−1,409

706

473

Million Ltd963361217

Alto Ltd.

738

328

220

Japan Ltd.

2,734

1,624

1,064

Japan Ltd.

−−−

Save Ltd

558

299

192

N Corporation Ltd.

−−−TS Corporation Ltd.

−−−

10,020

5,229

3,438

Sunlife Ltd
Sanai Credit Ltd

Total

Accounting Period: Year Ending
May 2006

Sales (¥millions)

Ordinary Profits

Current Net Profit（¥millions）（¥millions）

Just Inc.

875

455

273

Like Card Ltd.

50-42-42

Sanyo Credit Co. Ltd

902

476

284

East Japan Credit Ltd

1,663

817

517

2-22-221,333

630

399

Million Ltd957

319

218

Alto Ltd.

698

294

182

Japan Ltd.

2,742

1,630983

Japan Ltd.

−-7-7

Save Ltd534

272

166

N Corporation Ltd.

−−−TS Corporation Ltd.

−−−

9,756

4,822

2,951

Sunlife Ltd
Sanai Credit LtdTotal

DOCS #163052 v1---Copyright (C)Copyright (C) 2006 GMO Internet, Inc. All Rights Reserved.

６．Impact on the GMO Internet Group Business Results
Business results forecasts for the target company are currently being prepared andwill be released as soon as they are finalized.
Please refer to the press release Notice of Addition to Total Assets(August 30, 2006) for information regarding the effects on the GMO Internet Group
consolidate financial position.

DOCS #163052 v1---Copyright (C)Copyright (C) 2006 GMO Internet, Inc. All Rights Reserved.