Gmo Internet Group, Inc. · TSE:9449
Gmo Internet — Q1 2026 Earnings Presentation
127 slides from Gmo Internet's earnings presentation, May 15, 2026
Slide 1: Fiscal Year 2026 First Quarter Results Presentation
Fiscal Year 2026 First Quarter Results Presentation STOCK CODE: 9449 May 15, 2026 1
Slide 2: Agenda
1. Summary and Conclusion 2. Key Topics (Security; AI & Robotics) 3. Segment Performance, Sustainability & Shareholder Returns ⅰ) Group Overview ⅱ) Performance by Business ⅳ) Shareholder Returns 2
Slide 3: Introduction: Transition to IFRS-Based Disclosure
Introduction｜Transition to IFRS-Based Disclosure To appropriately reflect performance from ongoing business activities, we have adopted “Business Profit” as a KPI.（Figures below are for FY25; see P.75 for details） Comparative figures will be gradually transitioned to an IFRS basis from FY25. （JPY bi
Slide 4: Summary and Conclusion
Summary and Conclusion Committed to long-term management with the goal of building a corporate group that endures for 100 years. Steady progress in further evolving our group structure. GMO Internet (4784) has achieved full compliance with TSE Prime Market listing standards. Q1 FY2026 Business Profi
Slide 5: Maintaining GMO Internet (4784)'s Prime Market Listing
Maintaining GMO Internet (4784)’s Prime Market Listing Public Offering and Secondary Offering Completed; Continued Listing Criteria Met • Meet Prime Market continued listing criteria. Purpose • Raise investment capital for the GPU Cloud business. • Secondary offering: 61.5 million shares sold by the
Slide 6: Strategic Highlights and Summary: Q1 FY2026
Strategic Highlights and Summary: Q1 FY2026 Infrastructure & Financial segments posted record-high quarterly earnings, delivering strong profitability. Q1’25 Q1’26 YoY ( JPY billions ) Change (Jan-Mar) (Jan-Mar) Change Record Revenue 71.9 81.6 +9.6 +13.3% high Business Profit 14.6 19.3 ＋4.7 +32.0% O
Slide 7: Strategic Highlights and Summary: Q1 FY2026 Evaluation
Strategic Highlights and Summary: Q1 FY2026 Evaluation FY26 FY25 Record high Revenue JPY 47.7B (Up 11.8％ YoY) Internet GMO-PG and GMO-I drove performance. " " " " Infrastructure Business JPY 12.3B (Up 24.3％ YoY) Updated record-high results for the fifth consecutive quarter. Profit Revenue JPY6.2B (U
Slide 8: Q1 FY2026 YoY Variance Analysis
Q1 FY2026 (Jan–Mar) YoY Variance Analysis Revenue Business Profit Up 9.6B YoY Up 4.7B YoY ( JPY billions ) ( JPY billions ) +3.8 +1.1 81.6 +2.9 +0.8 19.3 -0.1 -0 18.6 +0.8 -1.1 -0.6 -0.7 +5.0 -0.7 +2.4 -0 71.9 14.6 Non Q1’ Infra Crypto Q1’ Q1 FY26 recurring Q1 FY26 Security Finance Ad VC Other Q1’ I
Slide 9: Indispensable products that will not disappear
Solid recurring revenue That means our core business policies, Indispensable products that will not disappear With recurring revenue business model 9
Slide 10: Structural Industry Changes Driven by AI Adoption
Structural Industry Changes Driven by AI Adoption Proliferation of AI Agents & Humanoids Expansion of Data Volume & Expansion of Assets to Protect Transaction Volume • AI agent communications • AI-generated code （risk of embedded vulnerabilities） （constant inter-agent connectivity） • AI-generated co
Slide 11: The New Competitive Battleground in the AI Era
The New Competitive Battleground in the AI Era The main users of the Internet are rapidly shifting from humans to AI Market Shift Our Response AI agent traffic Become the is expanding company explosively “chosen” by AI AI agent traffic increased 80x YoY.* MCP support. Automated traffic is growing 8x
Slide 12: A portfolio of indispensable, enduring services
A portfolio of indispensable, enduring services AI adoption is accelerating demand for "Infrastructure" and "Security" Internet & Financial Infrastructure Internet Security Providing the foundation for online presence, Providing trusted infrastructure for authentication, business operations, and tra
Slide 13: Internet Security: World-Class Technical Expertise
Internet Security｜World-Class Technical Expertise Ranked No. 1 worldwide in Anthropic’s vulnerability discovery and bug bounty program (May 15, 2026) 13
Slide 14: Agenda
1. Summary and Conclusion 2. Key Topics (Security; AI & Robotics) 3. Segment Performance, Sustainability & Shareholder Returns ⅰ) Group Overview ⅱ) Performance by Business ⅳ) Shareholder Returns 14
Slide 15: Providing Comprehensive Internet Security Services
Internet Security Providing Comprehensive Internet Security Services A safer future for Everyone Protection against Countermeasures against Monitoring and Takedown eavesdropping, tampering, cyberattacks. Support for Impersonation. impersonation. （Cyber Security） (Brand Security) (Cryptographic Secur
Slide 16: Internet Security | Three Key Areas
Internet Security | Three Key Areas Cryptographic Security Cyber Security Brand Security Operating Companies Services and Products Vulnerability Assessment and Penetration Testing Te c h n i c a l a n d Expertise in managing Key Advanced skills of white - operational expertise as intellectual proper
Slide 17: Internet Security for Everyone project
'Internet Security for Everyone' project Internet Security for Everyone A Safe Future for Everyone. 17
Slide 18: 'Internet Security for Everyone' project
'Internet Security for Everyone' project Ongoing initiatives to establish top-of-mind brand recognition Phase8 New Phase1 Phase3 Phase6 From Nov. 2025 Phase10 Phase11 Phase13 Phase4 From Feb. 2025 From May. 2025 From July. 2025 Mr. Jiro Hiroe (former Lieutenant From Dec. 2025 From Dec. 2025 Mar. 202
Slide 19: Phase3 'Internet Security for Everyone' project
Phase3 ‘Internet Security for Everyone’ project Began accepting applications on Apr. 30; TOPPAN Holdings and other companies have decided to submit applications. Application deadline: Aug. 12 “.yourbrand“ 19
Slide 20: Phase10 'Internet Security for Everyone' project
Phase10 ‘Internet Security for Everyone’ project Established a joint venture with MUFG Bank, Ltd. and GMO Cybersecurity by Ierae (Jan 2026). Provide cybersecurity solutions to MUFG Bank’s customer base. 20
Slide 21: Phase13 'Internet Security for Everyone' project
Phase13 ‘Internet Security for Everyone’ project Established a joint venture with Preferred Networks (Mar. 2026) Providing a Japan-developed AI environment with end-to-end security across the full stack, from hardware to software. 21
Slide 22: AI & Robotics
AI & Robotics 2026: The Dawn of the Humanoid Era. Providing end-to-end support for the deployment and utilization of humanoid robots, together with infrastructure and security solutions. 22
Slide 23: AI & Robotics: Humanoid Robot Dispatch Service
AI & Robotics｜Humanoid Robot Dispatch Service Enabling real-world adoption of humanoid robots without upfront investment or specialized expertise; inquiries growing across diverse industries since Apr. 2025 23
Slide 24: AI & Robotics: Humanoid Technology Demonstration Project
AI & Robotics｜Humanoid Technology Demonstration Project Launched “GMO Robots,” a project to train humanoids using the running data of Japan’s top ekiden runners (from Apr. 2026) Aiming for industrial applications in logistics, manufacturing, and other sectors. 24
Slide 25: AI & Robotics: Physical AI R&D Center
AI & Robotics｜ Opened Japan’s first and one of its largest Physical AI R&D centers (Apr. 2026) Serving as a hub for the real-world adoption and widespread use of humanoid robots. 25
Slide 26: AI & Robotics: Initiatives to Accelerate Real-World Adoption
AI & Robotics｜Initiatives to Accelerate Real-World Adoption Started proof-of-concept trials with JAL Ground Service (from May 2026) Aiming to reduce labor requirements and improve efficiency in airport ground handling operations 26
Slide 27: Expanding Customer Base and New Strategic Focus Areas
Expanding Customer Base and New Strategic Focus Areas Delivering a wide range of indispensable and enduring value positioning security and AI x Robotics as a mid- to long-term growth driver. New Foundations Existing business AI x Robotics ( Focus Area ) Security Payment Support for Access online sho
Slide 28: Agenda
1. Summary and Conclusion 2. Key Topics (Security; AI & Robotics) 3. Segment Performance, Sustainability & Shareholder Returns ⅰ) Group Overview ⅱ) Performance by Business ⅳ) Shareholder Returns 28
Slide 29: Group of businesses with a customer base of 22.47 million
Group of businesses with a customer base of 22.47million 29
Slide 30: Revenue by Segment
Revenue by Segment Changes in rules to 81.6 record the revenues* 1.5 Record 71.9 71.8 high 71.3 71 71.2 69.4 68.8 69.6 67.6 (JPY billions) 64.6 65.5 66 2.6 1.7 1.5 14.3 Revenue Up 64.4 1.5 3.5 2.2 62.5 62.5 2.3 1.7 61.2 1.2 0.4 1.4 8.8 59.2 4.3 0.9 0.9 10.4 11.4 8.7 2.0 9.2 57.5 12.6 13.3% YoY 6.8 5
Slide 31: Business Profit by Segment
Business Profit by Segment (JPY billions) Business Profit Up 19.38 19.81 0.21 32.0％ YoY 15.81 6.59 14.68 14.43 0.40 15.49 1.00 0.59 0.95 13.12 12.38 10.82 12.47 11.81 4.95 0.31 0.84 0.08 3.66 3.02 10.99 0.22 1.61 0.36 11.12 GMO-PG continues to grow, 10.53 3.75 0.15 2.78 9.57 1.83 0.28 9.62 9.46 0.62
Slide 32: Agenda
1. Summary and Conclusion 2. Key Topics (Security; AI & Robotics) 3. Segment Performance, Sustainability & Shareholder Returns ⅰ) Group Overview ⅱ) Performance by Business ⅳ) Shareholder Returns 32
Slide 33: Internet Infrastructure | Revenue by Sub-Segment
Internet Infrastructure | Revenue by Sub-Segment 47.7 0.8 45.2 44.7 0.2 42.6 42.7 0.8 41.7 41.7 Record 0.7 0.7 40.2 40.3 0.7 0.6 high (JPY billions) 0.7 0.7 Revenue Up 38.6 38.2 37.9 37.2 0.6 0.5 36.4 0.5 0.7 34.5 0.8 11.8％ 33.3 0.5 23.3 33.1 22.1 31.8 32.5 32.2 0.6 32 0.6 21.2 0.5 19.9 0.7 0.6 0.3
Slide 34: Internet Infrastructure | Business Profit
Internet Infrastructure | Business Profit 12.32 (JPY billions) Record 10.46 10.60 high 9.91 10.02 Business Profit Up 8.94 8.81 8.76 7.99 24.3％ YoY 7.60 6.28 5.83 5.95 5.73 5.50 5.50 5.15 4.80 4.71 4.49 3.97 Solid recurring revenue drove profit growth. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 35: Internet Infrastructure: GPU Servers
Internet Infrastructure ｜ 事業 All 25 NVIDIA HGX B300 GPU servers to enter service by Q1’26. Approved an additional JPY 6.9bn investment to expand the fleet to 42 servers, with phased service rollout from Q4’26 onward. 35
Slide 36: Internet Security | Revenue by Segment
Internet Security | Revenue by Segment 6.2 6.1 (JPY billions) 5.8 0.6 5.6 Record 5.4 high 5.1 0.9 Revenue Up 1.0 0.3 5.1 2.1 4.9 4.7 0.8 0.4 4.5 15.5％ YoY 2.0 0.7 0.3 1.0 4.3 4 1.6 3.8 0.3 1.8 3.6 1.4 1.4 1.2 0.7 1.2 3.3 0.7 0.3 1.0 0.8 1.1 3.2 1.4 0.2 0.2 0.7 Strong growth in cybersecurity 2.7 2.6
Slide 37: Internet Security | Business Profit
Internet Security | Business Profit 2.15 (JPY billions) Profit Down 0.86 0.81 9.6% YoY Strategic investment in Brand 0.69 0.67 0.69 0.60 0.57 0.56 Security for “.yourbrand”. 0.38 0.40 0.34 0.35 0.35 0.36 0.29 0.24 0.19 0.18 -0.02 -0.09 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2
Slide 38: Online Advertising & Media | Revenue
Online Advertising & Media | Revenue Changes in rules to record the revenues* (JPY billions) Revenue Down 13.7 13.7 12.8 1.6% YoY 12.1 9.3 9.4 9.4 8.6 9.1 9.0 9.2 9.0 9.2 9.1 8.7 8.7 8.8 8.7 9.6 8.5 8.3 8.2 Flow-based revenue 8.3 8.0 7.7 3.4 3.9 3.5 3.2 4.2 4.6 4.3 2.9 remained soft. 4.7 4.1 3.8 3.5
Slide 39: Online Advertising & Media | Business Profit
Online Advertising & Media | Business Profit 1.13 (JPY billions) 0.96 0.90 0.82 0.77 0.83 0.76 0.81 0.84 Profit Down 6.1% YoY 0.64 0.66 0.62 0.57 0.54 0.46 0.43 0.35 Despite mixed performance across 0.28 group companies, maintained a solid 0.19 profit level amid seasonally strong advertising demand.
Slide 40: Internet Finance | Historical Performance by Quarter
Internet Finance | Historical Performance by Quarter 14.3 12.7 12.6 Revenue Up (JPY billions) 12.2 11.6 11.4 11.3 11.3 10.9 10.8 37.1% YoY 10.7 10.5 10.3 10.4 10.0 9.2 8.7 8.8 8.2 7.3 6.9 Profit Up 79.9% YoY Net Sales 6.59 4.95 4.08 3.88 3.99 4.06 3.83 OP 3.10 3.20 2.91 3.75 3.56 3.66 3.02 2.62 2.78
Slide 41: Internet Finance | Revenue by each product
Internet Finance | Revenue by each product (JPY millions) Revenue Down 14.9％ YoY *1 FX 2,412 6,452 Revenue Up 255％ YoY 2,408 1,818 *2 CFD 2,484 1,475 7,917 6,703 CFDs grew significantly, while FX also recovered QoQ. 6,337 5,922 5,701 4,651 Securities and others CFDs / Stock Index Binary Options *2 Q
Slide 42: Internet Finance | CFD transaction and revenue transition
Internet Finance | CFD transaction and revenue transition 54 Active trading in commodities 28 27 such as gold, silver, and crude oil. 22 22 6,452 12 ■ CFD and other revenue (JPY millions) 2,484 ■ CFD trading volume (JPY trillions) 2,408 2,412 1,818 1,475 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 43: Internet Finance | FX revenue and trading volume
Internet Finance | FX revenue and trading volume 844 761 607 622 Profitability has been 515 recovering since the second half of last year 308 7,917 6,337 6,703 ■ FX and Other Net Sales (JPY mn) 5,922 5,701 ■ FX Trading Volume (JPY tn) 4,651 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 44: Internet Finance | FX business KPI Overview
Internet Finance | FX business KPI Overview * Customer Margin Balance Quarterly Active Users Share Trend （ JPY billions ） 16% Customer margin balance 25Q4 Share reached a record high 362 368 373 392 397 14% Approx 15％ 336 12% 10% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 45: Cryptoassets business | Historical Performance by Quarter
Cryptoassets business | Historical Performance by Quarter (JPY billions) 6.8 5.7 Revenue Down 3.6 4.3 3.5 42.4% YoY 2.3 2.6 Profit Down 78.9% YoY 2.2 2.0 2.0 4.02 1.7 1.7 Net 1.4 1.5 1.5 1.5 1.2 1.2 Sales 2.34 0.9 0.9 0.7 1.83 1.48 1.24 0.95 1.00 OP 0.15 0.71 0.08 0.38 0.22 0.40 0.59 0.31 0.21 -0.39
Slide 46: GMO Aozora Net Bank
GMO GMO AOZORA NET BANK 46
Slide 47: Net Bank | Quarterly performance trends
Quarterly performance trends Revenue up 5 （JPY billions ） 65% YoY 4 3 2 Profit up 234% YoY *1 Sales 1 *2 Operating 0 Transaction revenue grew, while profit higher deposits drove steady -1 accumulation of interest income. *3 -2 *1 Ordinary income (banking business) – Total income from banking operati
Slide 48: Net Bank | Business KPI Status
Net Bank | Business KPI Status *1 Main bank growth rate ranked No.1 for two consecutive years, continuing solid expansion. *2 Number of business accounts BaaS by GMO Aozora （Thousand Companies） （Number of Contracts） 244 1,088 Up 34.2％ YoY 182 Up 31.6％ YoY 827 629 125 454 77 281 39 19 127 Q1 Q2 Q3 Q4
Slide 49: Net Bank | Cash and Deposits
Net Bank | Cash and Deposits 1,315 (JPY Billion) 1 947 616 JPY .3 trillion 413 294 175 * Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 21 22 23 24 25 26 * Fiscal year refers to our accounting period ending in December 49
Slide 50: Growth Engines
Growth Engines Three revenue engines are functioning effectively, driving continued stable growth in the recurring-revenue business 1 2 3 Corporate Customer Base Settlement Deposit Balance No. 1 Accounts in account openings Transaction growth Exceeded by newly established driven by customer JPY 1.3t
Slide 51: Agenda
1. Summary and Conclusion 2. Key Topics (Security; AI & Robotics) 3. Segment Performance, Sustainability & Shareholder Returns ⅰ) Group Overview ⅱ) Performance by Business ⅳ) Shareholder Returns 51
Slide 52: Approach to Enhancing Corporate Value
Approach to Enhancing Corporate Value Commitment to both sustainable growth and robust shareholder returns Growth Shareholder Returns Dividend Quarterly Frequency Operating Profit Targeting 15%+ Total Payout Ratio 50% or Higher Annual Growth DOE Under review 52
Slide 53: Shareholder Returns | Policy
Shareholder Returns | Policy Total Shareholder Dividend Payout Ratio Share Buyback Returns Ratio 50% Over 33% 17% Net profit at end of fiscal Quarterly dividend year to form basis of buyback in following year 53
Slide 54: Shareholder Returns | Dividend per share
Shareholder Returns | Dividend per share ( JPY ) 52.7 52.0 47.6 44.1 8.1 Quarterly dividends 12.6 41.8 10.8 14.2 10.0 9.5 based on a dividend payout ratio of 33% 28.0 7.7 12.2 10.2 6.9 16.8 or higher. 7.5 ■ Q4 ■ Q3 19.6 21.2 17.1 17.2 17.6 ■ Q2 12.2 ■ Q1 21 22 23 24 25 26 54
Slide 55: Internet for Everyone
Internet for Everyone GMO
Slide 56: Next earnings announcement and forward-looking statements
We are planning on making an earnings announcement for FY2026 Second Quarter after 3:31 pm on August 14, 2026. This document includes projections based on expectations, premises and plans as of May 15, 2026. These projections may differ from actual results due to factors including changes in the glo
Slide 57: Appendix
Appendix 57
Slide 58: Group Overview
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 58
Slide 59: Group Overview
Group Overview Company Name GMO Internet Group, Inc. Founder, Chairman Masatoshi Kumagai and Group CEO Address (Group Head Office) Cerulean Tower 26-1 Sakuragaokacho, Shibuya-ku Tokyo (The 2nd Group Head Office) SHIBUYA FUKURAS1-2-3 Dogenzaka, Shibuya-ku, Tokyo Established May 24, 1991 Stock Listing
Slide 60: Operating companies (1/2)
Operating companies(1/2) As of the end of March 2026 GMO I （4784） GMO-PG GMO-FG （3769） （4051） GMO-GSHD （3788） GMO-PB Internet （3633） Security Infrastructure GMO-COM Other (410A) GMO-PS (5250) Other GMO-I：GMO Internet GMO-PG：GMO PAYMENT GATEWAY GMO-PB：GMO PEPABO Listed subsidiaries GMO-FG：GMO FINANCI
Slide 61: Operating companies (2/2)
Operating companies(2/2) As of the end of March 2026 GMO CLICK Securities GMO-I (4784) GMO-FH Internet Finance (7177) GMO-TE HD GMO Gaika (415A) Internet Advertising and GMO-ME GMO Coin Media (6180) GMO-FH Cryptoasset （7177） GMO-PP Other (3695) Other Incubation Other GMO-TE HD：GMO GMO TECH Holdings
Slide 62: Internet services operations
Internet services operations As of the end of March 2026 GMO-I(4784) GMO-PB (3633) E-commerce Domain GMO-PB (3633) GMO-COM (410A) solutions Others Other GMO-I(4784) GMO-PG (3769) GMO-GSHD (3788) Payment GMO-FG (4051) Cloud and Rental Server (Hosting) GMO-PB (3633) Others Business GMO-PS(5250) Other
Slide 63: Our Strengths for Sustainable Growth
Our Strengths for Sustainable Growth 63
Slide 64: Our Strengths for Sustainable Growth
Our Strengths for Sustainable Growth 1. Risk diversification 2. Operations and development of our own technology 3. Solid recurring revenue 64
Slide 65: 1. Risk Diversification
1. Risk Diversification Each group company pursues the No. 1 strategy under the “GMO-ism” and creates growth products. As a result, our group with diversified risk management strategy. 65
Slide 66: 2. Operations and development of our own technology
2. Operations and development of our own technology Engineers & Creators ratio ※2 Limited to hiring Advanced and AI Talent 7,839 7,895 7,546 7,565 7,497 7,505 7,585 7,438 7,431 7,525 7,317 7,361 7,393 7,396 7,213 7,042 7,133 6,767 6,782 Goal: Workforce of over 6,554 6,272 48.8％ 50.3％ 49.5％ 51.7％ 50.
Slide 67: 3. Solid recurring revenue
3. Solid recurring revenue That means our core business policies, Indispensable products that will not disappear With recurring revenue business model 67
Slide 68: Analysis of Consolidated Net Sales
Analysis of Consolidated Net Sales 60.9％ 43.6％ 285.6 277.4 258.6 241.6 245.6 210.5 119.2 111.6 Solid Recurring 196.1 114.0 185.1 98.2 121.4 115.5 Revenue Supporting 103.0 104.5 Sustainable Growth 174.0 158.2 144.6 130.1 112.3 120.2 93.1 Solid recurring revenue (JPY 100M) ※ 80.6 Other revenue (JPY 10
Slide 69: 3. Solid recurring revenues
3. Solid recurring revenues Unit price JPY 9,157yen Solid recurring revenue JPY 174.0billion yen Number of × contracts 19.01million 18 19 20 21 22 23 24 25 69
Slide 70: Internet Infrastructure | Contracts
Internet Infrastructure | Contracts (millions) +5.21 Solid recurring revenues base 19.51 +2.29 ▲0.27 ▲0.02 19.51M +0.77 14.56 *1 14.29 11.52 12.29 12.27 customers Increased contracts 5.21M YoY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 * 1: Impact of overseas domain account revie
Slide 71: Our response to social trends
Our response to social trends Adoption of Cloud Acceleration of DX Spread of AI Megatrends Computing Robotics and Emerging Trends Promoting a paperless Strengthening of data Growing threat of Widespread of environment privacy regulations cyber crime Cashless Payment Security Cloud/rental server Sele
Slide 72: Initiatives for the AI Era
Initiatives for the AI Era Executing initiatives across both “Infrastructure” and “Security” to capture expanding demand in the AI era Internet & Financial Infrastructure Internet Security Providing the foundation for online presence, Providing trusted infrastructure for authentication, business ope
Slide 73: Listed Group Companies | Market Cap and Equity Share
Listed Group Companies | Market Cap and Equity Share Market Cap*1 Equity Share Stock Code Company Name Exchange % Ownership*2 ( JPY billions ) ( JPY billions ) 9449 GMO Internet Group Prime 331.8 3769 GMO Payment Gateway Prime 535.6 40.7% 218.1 4784 GMO Internet Prime 198.9 91.9% 182.8 7177 GMO Fina
Slide 74: Group Overview
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 74
Slide 75: Transition to IFRS-Based Disclosure (Details)
Transition to IFRS-Based Disclosure (Details) Business Profit A profit metric derived by deducting non-recurring and incidental items from IFRS operating profit, in order to reflect the underlying earning power of the business. To be progressively restated on an IFRS basis with each quarterly earnin
Slide 76: Consolidated Cost Composition
Consolidated Cost Composition (JPY millions) 70,000 65,000 60,000 Human resources 55,000 14,746 Advertising and promotion 14,671 50,000 12,994 13,721 13,856 Depreciation and leases 45,000 4,284 3,186 3,108 Outsourcing costs 40,000 3,232 3,166 5,085 3,636 4,042 3,677 3,761 Communication costs 35,000
Slide 77: Consolidated Balance Sheets
Consolidated Balance Sheets GMO End of End of (JPY millions) Changes Internet Group 12/25 3/26 (End of 3/25) Current Assets 1,751,433 1,766,532 15,099 172,482 Cash and cash equivalents 554,418 553,044 -1,373 115,841 Securities segment assets 872,958 903,332 30,373 147,960 Operational investment secu
Slide 78: Consolidated Statement of income
Consolidated Statement of income Q1'25 Q1'26 supplementary (JPY millions) Changes (1-3/2025) (1-3/2026) information Revenue 71,999 81,604 13.3% Gross Profit 42,740 48,457 13.4% SGA 28,056 29,069 3.6% Other operating income/expenses -87 -703 - Operating Profitt 14,596 18,684 28.0% Business Profitt 14
Slide 79: Financial Strategy
Financial Strategy ・Avoid excessive risk-taking, considering balance of Shareholders equity ・Aiming to Equity balance, 100 Billion yen. Asset management Procurement ①Business All investments are subjected to our Risk management policy ①Multiple ways Agile procurement investment which up to 2/3 of Eq
Slide 80: Financial Strategy | Procurement: Multi ways of financing
Financial Strategy｜Procurement① Multi ways of financing • Continuous procurement helps growth capital ensured. The way to procure Total interest-bearing debt Direct Indirect （JPY 100M） FY23 FY24 FY25 Domestic Total 4,735 5,548 6,021 Debt finance Corporate Bonds Corporate 1,312 1,419 1,763 Individual
Slide 81: Financial Strategy | Lengthening term, Fixed interest rate
Financial Strategy｜Procurement②③ Lengthening term・Fixed interest rate • Aiming to build a strong financial base Debt balance average term Fixed interest rate ratio （Year） FY23 FY24 FY25 （%） FY23 FY24 FY25 Corporate bond 3.5 2.9 2.1 Corporate bond 100.0 100.0 100.0 Debt finance Debt finance 3.6 4.2 3
Slide 82: Financial Strategy | Asset management: Cash on hand
Financial Strategy｜Asset management②Cash on hand • Keeping enough repayment cash(the amount for debt financing repayment next year and for corporate bond’s repayment next 2 years) （100M Yen） FY23 FY24 FY25 cash and cash equivalents 3,889 4,665 5,679 Balance of interest debt within 1,106 1,904 2,903
Slide 83: Others | Credit rating
Others｜Credit rating Strategy • Plan to maintain current rating and aiming to be upgraded. • Having conversation with R&I before-hand, when decision making on a huge investment to be carried out. Current situation Rating agency Issuer Rating JCR A-(Stable) R&I BBB+(Stable) 83
Slide 84: Group Overview
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 84
Slide 85: Global Operations | Global Net Sales
Global Operations | Global Net Sales (JPY billions) 9.3％ 9.2% 8.8％ 7.5％ 7.4％ 6.41 7.4% Net sales Up Global 6.06 Sales Ratio 5.77 13.3% YoY 5.33 5.17 4.36 Net Sales Since Q2 FY2020, MacroKiosk is no longer a consolidated subsidiary. We deducted MacroKiosk values from net sales retroactively to Q1 FY2
Slide 86: Internet Infrastructure
Internet Infrastructure 86 86
Slide 87: Internet Infrastructure | Profit Composition
Internet Infrastructure | Profit Composition (JPY billions) 10.00 YoY 25.8%Up 7.95 6.76 5.19 4.09 3.45 3.28 2.60 2.51 YoY 30.8%Up 1.87 1.68 1.35 -0.34 -0.42 -0.63 -0.65 -0.55 -0.96 Payment business Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Non-Payment Businesses Other Adjustment
Slide 88: Internet Infrastructure | Provider - KPIs
Internet Infrastructure | Provider - KPIs Revenue Subscriptions (JPY millions) (thousands) Focusing on our in-house product, resulting in a stable Changes in rules to trend in the number of lines record the revenues* 10,728 2,266 2,244 2,256 2,205 2,190 10,011 9,998 9,851 9,851 2,133 9,420 Q1 Q2 Q3
Slide 89: Internet Infrastructure | Domain Registration - KPIs
Internet Infrastructure | Domain Registration - KPIs Revenue Contracts (JPY millions) (thousands) Increase due to large-scale 14,764 domain registrations 2,991 Changes in rules to record the revenues* 2,693 2,610 2,291 2,175 2,221 9,473 9,391 7,289 7,189 6,549 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 90: Internet Infrastructure | Domain business
Internet Infrastructure | Domain business ②2009～ Registry (wholesale) ①1999～ ③2012～ Registrar (registration/sale) Japan Overseas 90
Slide 91: Internet Infrastructure | Domain business contracts progress
Internet Infrastructure | Domain business contracts progress (thousands) 4,124 3,631 3,121 Renewal rate: 71.3%* 1,620 1,125 829 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024 2025 2026 *From FY24.Q3, the renewal rate calculation method has been updated to 'weighte
Slide 92: Internet Infrastructure | Hosting & Cloud - KPIs
Internet Infrastructure | Hosting & Cloud - KPIs Revenue Contracts 6,717 (JPY millions) (thousands) 1,117 1,113 1,112 1,093 1,078 Changes in rules to record the revenues* 995 5,521 5,255 4,810 4,484 3,909 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 93: Group synergies case: ASP shopping cart x payment
Group synergies case ASP shopping cart × payment Recurring revenue and transaction revenue through a natural cross-selling Feature Online store Payment Service Business model Recurring Transaction Revenue Number of stores x unit price GMV x commission rate, etc. Reportable segments Ecommerce Solutio
Slide 94: Internet Infrastructure | Ecommerce solutions - KPIs
Internet Infrastructure | Ecommerce solutions - KPIs Revenue Contracts (ASP shopping cart) (JPY millions) (thousands) Other Transaction revenue (minne・SUZURI) Recurring revenue (ASP shopping cart) 64.6 64.2 Despite of the ongoing Changes in rules to downward trends, the number record the revenues*1
Slide 95: Internet Infrastructure | Ecommerce Solutions: transaction volume
Internet Infrastructure | Ecommerce Solutions: transaction volume 160 141 ( JPY billion ) 132 128 128 118 YoY 13.2% Up Freenance SUZURI, Canvath minne Ecommerce Platform Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 21 22 23 24 25 26 95
Slide 96: Internet Infrastructure | Payment processing - Our Role
Internet Infrastructure | Payment processing -Our Role Connecting merchants and payment companies through ‘contracts,’ ‘payment information,’ and ‘money flow’. Consumer Merchant GMO-PG consolidated Payment subsidiaries Companies 171,257 stores*1 40+ Credit card (As of end-Mar 2026) companies EC Conv
Slide 97: Internet Infrastructure | Payment Quarterly KPIs
Internet Infrastructure | Payment Quarterly KPIs Group-wide annual TRX value reaches approx. ¥23.2 trillion in the past 12 months Operating TRX volume*2*3 TRX value*2 Stores*1/Terminals*2 GMO:FY2026.Q1 GMO:FY2026.Q1 GMO:FY2026.Q1 Past 12-month Past 12-month PG:FY2026.Q2 PG:FY2026.Q2 PG:FY2026.Q2 - 2
Slide 98: Security
Security 98 98
Slide 99: Internet Security | Number of contracts
‘Internet Security| Number of contracts ( millions ) 6.29M 28.3%UP *2 4.90 *1 YoY 3.65 Number of contracts No.1 2.00. 0.99 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 21 22 23 24 25 26 * 1：Cumulative number of contracts sent with electronic signatures and timestamps in accordance
Slide 100: Internet Security | ARR (Annual Recurring Revenue)
Internet Security| ARR (Annual Recurring Revenue)* (JPY billions) 2.25 1.70 0.84 1.23 31.8%Up YoY * Calculated by multiplying the total monthly fees at the end of each Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 quarter by twelve (excluding one-time revenues). 100
Slide 101: Countermeasures against cyberattacks business | Achievements
Countermeasures against cyberattacks business | Achievements Cyber Security Assessment More than 16,000 cases *1 2023–2025 DEF CON Cloud Village CTF *2 Source: ITR "ITR Market View: Cyber Security Consulting Services Market 2025." Market share by vendor revenue (FY2025 forecast) in the following mar
Slide 102: Countermeasures against cyberattacks business | Service usage
Countermeasures against cyberattacks business | Service usage 102
Slide 103: Cybersecurity Business: Mid- to Long-term Growth Outlook
Cybersecurity Business｜Mid- to Long-term Growth Outlook Scale the business by leveraging the Group and MUFG’s customer base, while expanding our products and services Product Joint ventures Space cybersecurity, JC-STAR, EU CRA compliance support, etc. New Group Cyber Defense Division "6" businesses
Slide 104: Internet Infrastructure & Security | Collection of No. 1 services
Internet Infrastructure & Security| Collection of No. 1 services Domestic market share at 83.0 Strong No. 1 Domain Registry % ＊1 Domestic market share at Domain Registrar 90.1 Strong No. 1 % ＊2 Domestic market share at No. 1 Hosting & Cloud 63.5 % ＊3 No. 1 ASP Cart 43K paid stores Domestic market sh
Slide 105: Internet Finance
Internet Finance 105 105
Slide 106: Internet Finance | Domestic FX volume and share transition
Internet Finance | Domestic FX volume and share transition （JPY trillion） Trading volume ● Domestic trading volume share Total industry trading volume 23.8% 21.7% 21.7% Q1’26 Trading Volume Share: 21.7 % 3,554 3,510 3,218 Market share in trading volumeremained stable 844 761 ＜Initiatives to Boost Tr
Slide 107: Internet Finance | FX Business Model
Internet Finance | FX Business Model • Effective matching and thorough risk minimization with cover transactions executed with counter parties as soon as customer orders exceed acceptable risk position. GMO CLICK Securities Cover the client transactions that exceed acceptable limits ● ● ● Cover orde
Slide 108: Cryptoasset
Cryptoasset 108 108
Slide 109: Cryptoasset Business
Cryptoasset Business Mining Mining Business Crypto Exchange Exchange business asset Payment Payment business ┗ Issuing Stablecoin 109
Slide 110: Cryptoasset Exchange Business | Trading volume
Cryptoasset Exchange Business｜Trading volume （JPY trillion） GMO Coin trading value Total industry trading value ●Trading value share YoY 28.7%Down 18.8% ＜Initiatives to Enhance User Convenience＞ 16.9% Optimization of token lineup through liquidity- focused review of listed assets, and addition of 11
Slide 111: Cryptoasset Exchange Business | Accounts and deposit asset transition
Cryptoasset Exchange Business | Accounts and deposit asset transition ■Client Asset under Custody ■Crypto-asset accounts (JPY billion) (1K accounts) ●Bitcoin Price (as of each quarter-end) Accounts 799 69 K Up 775 729 405 YoY 369 325 Deposit Asset YoY12.0 % Down While the number of accounts continue
Slide 112: Cryptoassets Exchange | Business model
Cryptoassets Exchange | Business model OTC Trading Exchange Trading Hedging counter part positions Offering the order matching by cover order platform Liquidity Provider Customer Broker Trading Cover order Trading BUY Exchange SELL Main income：Spreads Main income：Transaction fee （buy and sell spread
Slide 113: GMO Aozora Net Bank
GMO Aozora Net Bank 113
Slide 114: Net Bank: Bank x IT
Net Bank Bank×IT Born in July 2018 Banking management know-how Technology 114
Slide 115: Net Bank | Vision
GMO AOZORA NET BANK Net Bank | Vision TNTESESE EDLH, — ce SL F9/OY—-NYIEBILT All for our customers. Strive to be the No.1 Tech Bank. GMO
Slide 116: Net Bank
Net Bank Point1 Focus on corporate clients The core business : Point2 Exchange, Debit cards, and business loans Point3 Bank System＋Bank API＋In-house development BaaS by GMO Aozora Point4 Approximately 40% of employees are engineers 116
Slide 117: Group Overview
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 117
Slide 118: TOPICS
—* Becoming the No.1 Corporate Grou Pioneering the Future with Al . 118
Slide 119: Our initiatives towards realization (1/2)
Our initiatives towards realization （1/2） Driving research and development in AI, particularly in financial data analysis, and achieved significant results since hiring our first data scientist approximately 10 years ago. GMO NIKKO has built and analyzed big data analytics(DMP)infrastructure FY2013
Slide 120: Our initiatives towards realization (2/2)
Our initiatives towards realization （2/2） We promptly began utilizing ChatGPT across the entire group, expecting its potential impact after the emergence of it in November 2022. ①Time and Cost savings ②Improvement in the quality of existing services ③Offering new services to the AI Industry Based on
Slide 121: GMO-AIR Co.Ltd | Business Model
GMO-AIR Co.Ltd | Business Model Aiming of a lean, High-performance Organization that fully utilizes AI 121
Slide 122: Group Overview
Group Overview Financial condition and strategy Consolidated results ESG activities 122
Slide 123: ESG activities | Materiality
ESG activities | Materiality Solving social issues through business Dedication to the No.1 Service. Challenge We are dedicated to providing the dominant No.1 service in the Internet industry by operating and developing our own technology. Responsibility to protect our customers’ smiles. Safety We en
Slide 124: ESG activities | Materiality Matrix
ESG activities | Materiality Matrix The key issues were identified through an assessment based on opportunities and risks from the perspective of both "importance to stakeholders" and “Significance to GMO Internet Group." 124
Slide 125: ESG activities | Sustainability management for SDGs
ESG activities | Sustainability management for SDGs Our business helps Social and environmental issues to be solved. ・ ・ ・ 125
Slide 126: ESG activities | Disclosure Processes/External Evaluation
ESG activities | Disclosure Processes/External Evaluation [Disclosure Progress] FTSE ESG Ratings Assessment by ESG rating agencies / Inclusion in ESG indexes Jan. 2025 3.3 FTSE ESG Ratings Mar. 2025 *1 Jan. 2024 2.9 FTSE ESG Ratings Dec. 2024 2.8 Published an Integrated In April 2024, GMO Internet G
Slide 127: Internet for Everyone
Internet for Everyone 127 127