February 12, 2019

Company Name:

GMO Internet, Inc.
(TSE First Section, Code: 9449)

Address:

26-1 Sakuragaoka-cho Shibuya-ku Tokyo JAPAN

Representative:

Masatoshi Kumagai, CEO and Representative Director

Contact:

Masashi Yasuda, CFO and Vice President

Telephone:+81 3 5456 2555

URL:

https://www.gmo.jp/en

Notice of Upward Revision to Dividend Payout
At a meeting convened today, the GMO Internet, Inc. Board of Directors agreed on the following dividend payout
with December 31, 2018, as the record date.

1. Dividends Details
Previous year

Agreed amount

Recent forecast

Record date

December 31, 2018-

December 31, 2017

Dividend per share

JPY 11.80-

JPY 6.00

Total dividend

JPY 1,358 million-

JPY 695 million

Effective date

March 7, 2019-

March 7, 2018

Dividend resource

Retained earnings-

Retained earnings(Year-end)

2. Reason for Dividend Payout
GMO Internet demonstrates a clear commitment toward returning value to shareholders through its dividend
policy. Under the policy, the Company aims to return 50% of profits to shareholders. The Company’s target
dividend payout ratio is a minimum of 33% of profit attributable to owners of parent, while we will aim to allocate
the remainder of the 50% of profit attributable to owners of parent to the acquisition of treasury stock after taking
into consideration business results and financial condition, and taking a flexible approach in accordance withshare price. We have also adopted a quarterly dividend system to enable prompt profit return to shareholders.
As announced in the press release "Recording Extraordinary Loss Related to The Cryptocurrency Mining
Business Restructuring" published on December 25, 2018, profit attributable to owners of the parent was JPY 20,707 million due to an extraordinary loss of JPY 35,385 million related to the cryptocurrency mining businessrestructuring in Q4 FY2018, so the acquisition of treasury stock would be JPY 0 based on the Company’s Total
1

Shareholder Returns Policy.
Although the gain on the sale of shares in listed subsidiaries in Q4 FY2018 was not recorded as a profit in theconsolidated profit and loss account, the Company was able to increase the capital reserve, which is the sourceof funds for dividends (c.f. the press release "Notice on Sale of Shares in Consolidated Subsidiary" published onSeptember 25, 2018, and "Notice on Sale of Shares in Consolidated Subsidiary" on December 17, 2018).
The Company will return the gain on the sale of shares to shareholders. The Company will pay a quarterly
dividend of ¥11.80 per share for the current quarter. Therefore, the total dividend per share for fiscal 2018 is¥29.50. A total of JPY3,395 million (33.0% of JPY10,273 million, which is the sum of profit attributable to ownersof parent and the amount of increase in capital reserve in current term) will be paid out in dividends.
As for the next quarter, we intend to pay dividends in accordance with the Total Shareholder Returns Policy.

(Reference) Dividend Forecast Details in the 2018 Fiscal Year
Dividend per share
End of Q1

End of Q2

End of Q3

Year-end

AnnualActual to date

JPY 6.00

JPY 6.20

JPY 5.50

JPY 11.80

JPY 29.50

Actual dividend in the previous term

JPY 5.00

JPY 6.00

JPY 6.00

JPY 6.00

JPY 23.00

Dividend forecast(FY12/2017)2