GMO Internet (TYO:9449) remains non-compliant with a Tokyo Stock Exchange Prime Market listing standard after failing to meet the required free-float ratio, despite progress in other criteria, according to a Wednesday filing on the Tokyo Stock Exchange.

The company said its ratio of tradable shares rose to an estimated 7.7% as of the end of December 2025 from 1.6% at the start of the year, after sales of shares held by corporate shareholders including parent GMO Internet Group.

Market capitalization of tradable shares is expected to meet Prime Market requirements.

The Prime Market requires a free-float ratio of at least 35%. GMO Internet said it will continue to pursue measures to raise the ratio, mainly through further share sales by corporate holders.