Tokyo Stock Exchange · Healthcare
Invest in GIMIC stock from India
Indian and foreign residents can buy GIMIC (475A) shares directly through Paasa.
By Paasa · Updated
GIMIC at a glance
- Price
- ¥703.00+¥14.00 (2.03%)
- Market cap
- ¥3.68B
- Day range
- ¥686.00 – ¥707.00
- P/E
- —
- Dividend yield
- None
- Volume
- 7.90K
- 1 month
- +10.02%
- 6 months
- -38.12%
- YTD
- -34.30%
- 1 year
- -39.76%
- 5 years
- -39.76%
How to invest in GIMIC from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 475A and buy
Find GIMIC by name or by its ticker, 475A, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in GIMIC from India
What GIMIC does
GIMIC Co., Ltd. develops and operates a medical service software. It offers Doctor's File, a medical information site; Hospitals File, a hospital-based medical information site, as well as medical information magazine and veterinary clinic information site; Doctor's File Medipathy, an information sharing app for medical institutions; Doctor's File Apo Registus, a reservation management system that supports the management of medical institutions; Doctor's File Apo, a web reservation management system for clinics; and Doctor's File LINK, a website creation service for clinics. GIMIC operates in the Medical - Healthcare Information Services industry within the Healthcare sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in Japan mean for your GIMIC shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy GIMIC stock from India?
Yes. Indian residents and NRIs can buy GIMIC (475A) shares directly through Paasa. GIMIC is listed on the Tokyo Stock Exchange, in the Medical - Healthcare Information Services industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full GIMIC share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥703.00 a share, size the order by the lot, not by the share.
How are GIMIC dividends taxed for Indian investors?
GIMIC does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell GIMIC shares?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my GIMIC shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at GIMIC alone.