Slide 1: Fiscal Year 2025 First Quarter Results Presentation
Fiscal Year 2025 First Quarter Results Presentation STOCK CODE: 9449 May 15, 2025 1
Slide 2: Agenda
1. Strategic Highlights and Summary 2. "Internet Security for Everyone" Project 3. Segment Performance & Shareholder Returns i) Group Overview ii) Performance by Segment iii) Shareholder Returns 2
Slide 3: Strategic Highlights and Summary
Strategic Highlights and Summary Become a group that will continue to over the next century by thoroughly implementing long-term management. In its first year under the holding company structure, the renewed GMO Internet, Inc. (Ticker: 4784), which has inherited the Group’s founding business, has la
Slide 4: Strategic Highlights and Summary: Q1 FY2025
Strategic Highlights and Summary: Q1 FY2025 The infrastructure business performed strongly, generating operating profit at a record-high level. Q1’24 Q1’25 YoY ( JPY billions ) Change (Jan-Mar) (Jan-Mar) Change Record Net Sales 68.8 71.5 +2.6 +3.9% high Operating Profit 14.4 14.5 +0.1 +0.9% Ordinary
Slide 5: Strategic Highlights and Summary: Q1 FY2025 Evaluation
Strategic Highlights and Summary: Q1 FY2025 Evaluation Q1 Q4 Record high Net sales JPY42.6B (Up 5.9％ YoY) Strong performance in both payment and Internet non-payment businesses. OP " " " " Infrastructure JPY 9.7B Achieved record quarterly performance (Up 11.5％ YoY) while absorbing upfront investment
Slide 6: Strategic Highlights and Summary: Q1 FY2025
Strategic Highlights and Summary: Q1 FY2025 Net sales Operating Profit Up 2.6B YoY Up 0.1B YoY ( JPY billions ) ( JPY billions ) +1.0 +0.6 +2.3 +0.1 +1.0 71.5 -0.1 -0.5 -0.1 -0.1 -0.0 -0.8 +0.4 14.5 14.4 68.8 -0.4 -0.5 Q1’ Infra Crypto Q1’ Q1’ Infra Crypto Q1’ Security Finance Ad VC Other Security F
Slide 7: Q1 FY2025 Revenue Growth Ranking — Non-listed Companies Only
*1 Q1 FY2025 Revenue Growth Ranking — Non-listed Companies Only A group of next-generation growth drivers contributed significantly to overall revenue expansion. Revenue Revenue Increase (YoY) Business Business Relationship Rank Name Growth Rate (JPY billions) Segment Description with GMO IG (YoY) *
Slide 8: Record-high profit, excluding VC investments
* Operating Profit（excluding VC investments） （JPY billions） Record high Record-high profit, 13.9 14.6 excluding VC 12.4 9.7 10.2 10.8 9.6 10.8 9.6 9.5 12.5 9.8 12.0 10.6 investments 7.8 8.1 8.0 7.1 6.1 5.9 5.6 * VC Investments (Incubation Business) Excluding VC Investments (Incubation Business) Q1 Q
Slide 9: Regarding Segment Reclassification
Regarding Segment Reclassification The Internet Security business has been established as an independent segment. ～FY24 FY25～ Internet Internet Infrastructure New Infrastructure Internet Security Online Ad & Media Online Ad & Media Internet Finance Internet Finance Cryptoassets Cryptoassets Incubati
Slide 10: Agenda
1. Strategic Highlights and Summary 2. "Internet Security for Everyone" Project 3. Segment Performance & Shareholder Returns i) Group Overview ii) Performance by Segment iii) Shareholder Returns 10
Slide 11: Internet Security | Strategic Significance of Segment Independence
Internet Security｜Strategic Significance of Segment Independence Clearly positioned as a core focus area for the Group and expected to serve as a mid- to long-term growth driver A safer future for Everyone Internet Security Countermeasures against cyberattacks. （Cyber security） Protection against Mo
Slide 12: Internet Security | Three Key Areas
Internet Security｜Three Key Areas Providing Comprehensive Internet Security Services Cryptographic Security Cyber Security Brand Security Operating Companies Services and Products Vulnerability Assessment and Penetration Testing Technical and operational Expertise in managing Key Advanced skills of
Slide 13: Internet Security | Full-Year Revenue by Segment
Internet Security｜Full-Year Revenue by Segment （JPY billions） 19.4 18.5 4.7 Cyber 3.8 security Growth accelerated, driven 13.1 Brand primarily by our newly 2.8 4.0 2.1 security 1.6 launched Cybersecurity 1.3 1.4 Cryptographic business. 11.8 9.2 10.6 Security 6.9 7.5 Impersonation Monitoring and Take
Slide 14: 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 15: 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 as a mid- to long-term growth driver. New Foundations Existing business AI x Robotics ( Focus Area ) Security Payment Support for Access online shops Cloud/rental se
Slide 16: 'Internet Security for Everyone' project
'Internet Security for Everyone' project Internet Security for Everyone A Safe Future for Everyone. 16
Slide 17: 'Internet Security for Everyone' project Phase 1 'GMO Security 24'
'Internet Security for Everyone' project Phase1'GMO Security 24 Free 24/7 access to password leak checks, web risk assessments, and AI-powered security consultations * https://www.gmo.jp/security/ 17
Slide 18: Cybersecurity Conference & Awards Ceremony 2025
“Internet Security by GMO” Project - Phase 2 GMO S4N-CFWT4 KB REN | ‘Cybersecurity Conference & Awards Ceremony 2025 Main speakers yy Yutaka Matsuo Masaaki Taira Shigeru Ishiba Jiro Hiroe Takayuki Furuta The University of Tokyo, graduate Government of Japan Minister in Government of Japan Japan grou
Slide 19: GMO Secure Visualization Site Seal
GMO Secure Visualization Site Seal Making security measures visible turning costs into investments in trust Cryptographic Security Cyber Security Brand Security 19
Slide 20: Branded Emails and Verified Logo Certificates
*1 *2 Branded Emails and Verified Logo Certificates Enhances brand credibility and protects against impersonation and phishing attacks (Effective from April 2025) Company logos are displayed directly in recipients’ inboxes *1: Branded Emails (BIMI). BIMI (Brand Indicators for Message Identification)
Slide 21: 'Internet Security for Everyone' project Phase 3
'Internet Security for Everyone' project Phase3 Launch of “GMO ‘.Your Company Name’ Domain Application and Management Support Service” (Effective May 12, 2025) 21
Slide 22: Agenda
1. Overview 2. "Internet Security for Everyone" Project 3. Segment Performance & Shareholder Returns i) Group Overview ii) Performance by Segment iii) Shareholder Returns 22
Slide 23: Our group serves a customer base of 17.12 million
Our group of businesses serves a customer base of 17.12 million 23
Slide 24: Net Sales by Segment
Net Sales by Segment COVID-19 Impact period*1 Changes in rules to 71.3 71.5 record the revenues*2 69.4 68.8 67.6 69.6 64.6 65.5 64.4 66.0 2.1 1.5 3.5 (JPY billions) 61.2 62.5 62.5 1.4 2.3 1.7 59.2 1.2 0.9 4.3 12.8 10.4 57.5 2.0 0.9 56.4 12.6 9.2 6.8 56.0 11.6 10.9 10.8 53.6 52.8 53.2 5.7 0.7 12.7 12
Slide 25: Profit by Segment
Profit by Segment (JPY billions) 19.84 14.43 14.56 0.54 0.95 12.47 12.38 10.82 11.81 0.08 3.37 10.99 0.22 11.12 3.52 10.53 Profit Up 2.55 9.57 1.83 10.14 0.15 9.62 9.46 4.02 1.24 0.38 3.30 0.81 0.43 0.83 0.76 1.13 0.21 0.9% 3.76 8.13 8.28 8.01 3.65 7.06 0.40 0.33 0.44 2.34 3.83 3.60 1.95 0.80 0.42 1
Slide 26: Agenda
1. Overview 2. "Internet Security for Everyone" Project 3. Segment Performance & Shareholder Returns i) Group Overview ii) Performance by Segment iii) Shareholder Returns 26
Slide 27: Internet Infrastructure | Net Sales by Sub-Segment
Internet Infrastructure | Net Sales by Sub-Segment COVID-19 Impact period*1 Changes in rules to record the revenues*2 41.741.7 42.6 40.2 40.3 0.7 0.6 0.7 (JPY billions) 38.6 38.2 37.9 0.7 0.7 36.4 37.2 0.6 0.5 0.5 34.5 0.8 0.7 33.1 33.3 0.5 31.5 29.3 2.0 30.7 1.2 31.6 31.8 32.532.2 0.6 32.0 0.6 1.0
Slide 28: Internet Infrastructure | Operating Profit
Internet Infrastructure | Operating Profit (JPY billions) 9.72 8.91 8.77 8.72 7.94 Profit Up 7.56 11.5% 6.24 5.91 5.55 5.65 5.32 5.46 4.97 4.76 4.46 4.53 YoY 4.29 3.80 3.68 3.78 3.45 Achieved record-high profit while absorbing upfront investments and restructuring costs. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q
Slide 29: Cloud service for generative AI Sales Progress
Cloud service for generative AI Sales Progress Widespread Adoption Driven by Technological Superiority Our Client Companies AI Robot Association Turing Co., Ltd. NEC Corporation (AIRoA) Adopted as a Development Adopted as a Development Platform for Next-Generation Platform for Autonomous Robotics Dr
Slide 30: Internet Security | Net Sales by Segment
Internet Security｜Net Sales by Segment COVID-19 Impact period*1 6.1 (JPY billions) Changes in rules to record the revenues*2 5.6 Revenue up 5.2 4.9 1.0 0.3 4.7 2.1 14.6％ 4.5 4.3 0.7 0.3 1.0 4.0 0.3 3.8 1.6 3.6 1.4 3.3 0.7 0.7 1.2 YoY 3.2 0.3 1.0 0.8 1.1 0.2 1.4 0.2 2.7 2.6 0.7 0.7 0.7 0.6 0.8 2.0 2.
Slide 31: Internet Security | Operating Profit
Internet Security｜Operating Profit Profit down (JPY billions) 1.95 48.1％ YoY 0.69 0.64 System investments related 0.58 0.52 0.56 0.60 0.44 to the certificate authority 0.40 and goodwill amortization 0.38 0.34 0.33 0.25 0.29 0.24 0.21 0.16 0.13 led to a YoY decline. -0.01 -0.24 -0.33 Q1 Q2 Q3 Q4 Q1 Q
Slide 32: Online Advertising & Media | Net Sales
Online Advertising & Media | Net Sales COVID-19 Impact period*1 Changes in rules to record the revenues*2 13.7 13.7 (JPY billions) 12.8 12.3 12.4 12.1 11.4 10.7 Revenue up 1.3% 9.4 9.4 9.1 9.0 9.2 9.0 9.3 8.6 8.7 8.7 8.8 8.7 8.5 9.6 8.3 8.0 8.5 8.6 7.7 8.1 3.9 3.5 4.2 7.7 4.6 4.1 4.3 3.8 3.5 YoY 5.0
Slide 33: Online Advertising & Media | Operating Profit
Online Advertising & Media | Operating Profit Profit down (JPY billions) 1.13 1.8% 0.96 0.81 0.83 0.81 0.80 0.77 0.76 0.64 0.57 0.46 0.54 YoY 0.43 0.35 Despite strong performance from 0.19 stock-based products, profit declined due to restructuring costs 0.03 0.01 and other factors. -0.07 -0.13 -0.14
Slide 34: Internet Finance | Historical Performance by Quarter
Internet Finance | Historical Performance by Quarter COVID-19 Impact period*1 (JPY billions) 12.7 12.6 12.2 11.6 11.3 11.3 Revenue down 10.7 10.9 10.8 10.3 10.5 10.4 10.0 4.9% YoY 9.1 9.0 9.2 8.2 7.3 6.9 6.5 6.0 Profit down 4.2% YoY Net Sales 3.39 3.81 3.85 3.65 3.76 3.83 3.60 3.52 OP 3.10 2.97 2.68
Slide 35: Internet Finance | Net sales by each product
Internet Finance | Net sales by each product Revenue up 13.2％ YoY (JPY millions) FX 2,412 Revenue down 1,484 2,408 2,484 1,818 CFD 26.8％ YoY 1,475 Implemented marketing initiatives to expand the 7,917 customer base for CFD services. 6,337 6,703 5,800 5,922 4,651 Securities and others CFDs / Stock In
Slide 36: Internet Finance | FX net sales and trading volume
Internet Finance | FX net sales and trading volume 844 607 622 515 Both trading volume and revenue 341 308 remained at high levels. 7,917 6,703 6,337 5,800 5,922 4,651 ■ Net sales of OTC-FX/binary options (JPY millions) ■ FX Trading volume (JPY trillions)* Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 37: Cryptoassets business | Historical Performance by Quarter
Cryptoassets business | Historical Performance by Quarter COVID-19 Impact period* (JPY billions) Revenue down 6.1% YoY 6.8 5.7 4.3 3.6 3.5 Profit down Net 1.4 Sales 1.6 2.7 4.02 2.0 1.2 2.0 1.2 0.9 0.9 1.4 2.3 1.7 1.5 2.1 42.6% YoY 0.8 2.34 * 0.7 1.83 1.48 1.24 0.71 0.95 OP 0.42 0.38 0.21 0.15 0.08
Slide 38: Agenda
1. Strategic Highlights and Summary 2. "Internet Security for Everyone" Project 3. Segment Performance & Shareholder Returns i) Group Overview ii) Performance by Segment iii) Shareholder Returns 38
Slide 39: 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 39
Slide 40: Shareholder Returns | Dividend per share
Shareholder Returns | Dividend per share ( JPY ) 52.7 47.6 12.6 44.1 41.8 Based on our policy, 30.8 10.8 28.0 14.2 10.0 dividend payout 7.7 ratio is a minimum of 33% 10.6 10.2 12.2 6.9 7.4 7.5 ■ Q4 ■ Q3 6.2 19.6 17.6 ■ Q2 17.1 17.2 12.2 ■ Q1 6.6 20 21 22 23 24 25 40
Slide 41: Shareholder Returns | acquisition of treasury stock
Shareholder Returns | acquisition of treasury stock Progressing Smoothly Progress Planned (as of the end of April) Up to Total cost of share acquisition JPY 10.0B * 7.9B Up to 2.65M shares Total number of 4.6M shares shares to be * acquired *Both are at the upper limit. The acquired treasury shares
Slide 42: Internet for Everyone
Internet for Everyone GMO
Slide 43: Next earnings announcement and forward-looking statements
We are planning on making an earnings announcement for FY2025 Second Quarter after 3:31 pm on August 8, 2025. This document includes projections based on expectations, premises and plans as of May 15, 2025. These projections may differ from actual results due to factors including changes in the glob
Slide 44: Appendix
Appendix 44
Slide 45: Group Overview
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 45
Slide 46: 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 47: Operating companies (1/2)
Operating companies(1/2) As of the end of March 2025 GMO-I GMO-GSHD （4784） （3788） GMO-PG GMO-FG （3769） （4051） Security Internet Infrastructure GMO-PB Other （3633） Other GMO-I：GMO Internet GMO-PG：GMO PAYMENT GATEWAY GMO-FG：GMO FINANCIAL GATE GMO-GSHD：GMO GlobalSignHD GMO-PB：GMO PEPABO Listed subsidia
Slide 48: Operating companies (2/2)
Operating companies(2/2) As of the end of March 2025 GMO CLICK Securities GMO-I (4784) GMO-FH Internet Finance (7177) GMO-TE GMO Gaika (6026) Internet Advertising and GMO-ME GMO Coin Media (6180) GMO-FH Cryptoasset （7177） GMO-RE Other (3695) Other Incubation Other GMO-TE：GMO TECH GMO-ME：GMO MEDIA GM
Slide 49: Internet services operations
Internet services operations As of the end of March 2025 GMO-I(4784) GMO-PB (3633) E-commerce solutions Domain GMO-PB (3633) Other Others GMO-PG (3769) Payment GMO-FG (4051) GMO-I(4784) Others GMO-GSHD (3788) Cloud and Rental Server (Hosting) GMO-PB (3633) Provider GMO-I(4784) Other Listed subsidiar
Slide 50: Our Strengths for Sustainable Growth
Our Strengths for Sustainable Growth 50
Slide 51: Our Strengths for Sustainable Growth
Our Strengths for Sustainable Growth 1. Independent management 2. Operations and development of our own technology 3. Solid recurring revenue 51
Slide 52: 1. Independent management
1. Independent management 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. 52
Slide 53: 2. Operations and development of our own technology
2. Operations and development of our own technology Limited to hiring Engineers & Creators ratio *2 Advanced and AI Talent 7,546 7,565 7,497 7,438 7,431 7,525 7,317 7,361 7,393 7,396 7,042 7,133 7,213 6,767 6,782 6,554 6,180 6,272 6,012 5,958 6,048 Goal: Workforce of over 51.7% 60% 49.8% 49.6% 48.1%
Slide 54: 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 54
Slide 55: Consolidated Net Sales
Consolidated Net Sales (JPY billions) Changes in rules to 277.4 record the revenues* Sustainable growth 9.1 * "Accounting standards related to revenue recognition" ( accounting standard No. 29 ) 00 02 04 06 08 10 12 14 16 18 20 22 24 55
Slide 56: 3. Solid recurring revenues
3. Solid recurring revenues Both unit price and number of contracts increased, leading to expansion. Unit price Solid recurring revenue 1.6times × Number of contracts 2.8times Solid recurring revenue Other revenue 1.7times 16 17 18 19 20 21 22 23 24 * The combined value of stock and transaction reve
Slide 57: Internet Infrastructure | Contracts
Internet Infrastructure | Contracts *1 COVID-19 Impact period (millions) ＋2.29 ▲0.27 Solid recurring +0.77 ▲0.02 +0.9 14.56 ※2 14.29 revenues base 11.43 11.52 12.29 12.27 14.29M customers Decreased contracts 0.27M YoY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 *1:The period of de
Slide 58: 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 375.2 4784 GMO Internet Prime 851.5 98.1% 835.6 3769 GMO Payment Gateway Prime 695.6 40.7% 283.2 7177 GMO Fina
Slide 59: Shareholder Returns | Shareholder Return Performance
Shareholder Returns｜Shareholder Return Performance 145.3% 107.8% 83.2% Revised shareholder benefits, focusing on profit returns through dividends and share 14.41 57.3% 59.0% buybacks. 49.9% 12.11 Total payout ratio is expected to reach 8.55 10.03 8.37 10.00 108％ 4.25 9.36 6.59 3.68 5.16 1.50 5.78 5.
Slide 60: Financial condition and strategy
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 60
Slide 61: Consolidated Cost Composition
Consolidated Cost Composition (JPY millions) 65,000 60,000 55,000 Human resources 14,805 50,000 13,193 14,044 12,994 Advertising and promotion 12,506 45,000 Depreciation and leases 3,251 3,190 3,351 3,186 40,000 3,564 4,086 3,544 Outsourcing costs 1,949 3,636 4,067 5,374 5,814 35,000 5,451 5,485 Com
Slide 62: Consolidated Balance Sheets
Consolidated Balance Sheets GMO GMO End of End of (JPY millions) Changes Financial HD Internet Group 12/24 3/25 (End of 3/25) (End of 3/25) Current Assets 1,945,899 1,830,861 -115,038 1,253,129 160,153 Cash & Deposits 469,168 439,404 -29,764 95,892 112,560 Fixed Assets 205,215 205,446 230 37,272 143
Slide 63: Consolidated Statement of income
Consolidated Statement of income Q1'24 Q1'25 supplementary (JPY millions) Changes (1-3/2024) (1-3/2025) information Net Sales 68,861 71,547 3.9% Gross Profit on Sales 40,456 43,183 6.7% Operating Income 14,436 14,561 0.9% （OP Margin） 21.0% 20.4% -0.6pt Non Operating Profit and Loss 1,066 -1,057 - Or
Slide 64: 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 65: Financial Strategy | Procurement 1 Multi ways of financing
Financial Strategy｜Procurement① Multi ways of financing • Continuous procurement helps growth capital ensured. The way to procure Totall Interest-bearing debt Direct Indirect （JPY 100M） FY22 FY23 FY24 Domestic Total 3,911 4,735 5,548 Debt finance Corporate Bonds Corporate 717 1,312 1,419 Individual
Slide 66: 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） FY22 FY23 FY24 （%） FY22 FY23 FY24 Corporate bond 3.9 3.5 2.9 Corporate bond 100.0 100.0 100.0 Debt finance Debt finance 3.8 3.6 4
Slide 67: 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） FY22 FY23 FY24 cash and cash equivalents 3,222 3,889 4,665 Balance of interest debt within 793 1,106 1,904 3Y
Slide 68: 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) 68
Slide 69: Consolidated results
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 69
Slide 70: Global Operations | Global Net Sales
Global Operations | Global Net Sales (JPY billions) 9.3％ 9.2％ 8.8％ 7.1% 6.41 7.5% Net sales Global 6.1％ 5.77 YoY Sales Ratio 5.17 5.33 4.36 16.8% Down 3.20 Net Sales Since Q2 FY2020, MacroKiosk is no longer a consolidated subsidiary. We deducted MacroKiosk values from net sales retroactively to Q1 F
Slide 71: Internet Infrastructure
Internet Infrastructure 71 71
Slide 72: Internet Infrastructure | Breakdown of Operating Profit
Internet Infrastructure | Breakdown of Operating Profit (JPY billions) 8.02 YoY 18.7%Up 6.76 5.19 4.09 3.45 YoY 7.9%Down 2.68 2.60 2.40 1.87 1.68 1.27 1.35 (0.51) (0.34) (0.42) (0.63) (0.65) (0.70) Payment business Except payment business Cost allocation Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 73: Internet Infrastructure | Provider - KPIs
Internet Infrastructure | Provider - KPIs Revenue Subscriptions (JPY millions) (thousands) Focusing on our in-house product, resulting in a stable trend in the Changes in rules to number of lines 10,728 record the revenues* 2,244 2,266 2,256 10,011 9,998 9,851 2,205 2,190 9,248 9,420 1,946 Q1 Q2 Q3
Slide 74: Internet Infrastructure | Provider - KPIs (number of lines)
Internet Infrastructure | Provider - KPIs（number of lines) etc Optical line Mobile+Others Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2022 2023 2024 2025 *Mobile and others indicated combined after FY23Q3 74
Slide 75: Internet Infrastructure | Domain Registration - KPIs
Internet Infrastructure | Domain Registration - KPIs Revenue Contracts (JPY millions) (thousands) Strong demands Changes in rules to In overseas record the revenues* and domestic 2,690 2,610 9,473 9,391 2,291 2,175 2,221 2,135 7,289 7,189 7,008 6,549 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q
Slide 76: Internet Infrastructure | Domain business
Internet Infrastructure | Domain business ②2009～ Registry (wholesale) ①1999～ ③2012～ Registrar (registration/sale) Japan Overseas 76
Slide 77: Internet Infrastructure | Domain business contracts progress
Internet Infrastructure | Domain business contracts progress (thousands) Favorable demands in domestic and 3,631 overseas 3,121 Renewal rate: 73.3%* 1,620 1,125 829 731 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2022 2023 2024 2025 From FY24.Q3, the renewal rate calcula
Slide 78: Internet Infrastructure | Hosting & Cloud - KPIs
Internet Infrastructure | Hosting & Cloud - KPIs Revenue Contracts (JPY millions) (thousands) Changes in rules to 5,502 1,117 1,113 1,112 1,093 record the revenues* 5,255 995 4,810 4,484 895 3,909 3,740 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 Q
Slide 79: 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 80: 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) Despite of the ongoing downward trends, the number Changes in rules to of high-priced plans are record
Slide 81: Internet Infrastructure | Ecommerce Solutions: transaction volume
Internet Infrastructure | Ecommerce Solutions: transaction volume ( JPY billion ) 141 132 128 128 118 YoY 85 7.1% UP 137 122 127 120 113 80 Freenance SUZURI, Canvath minne Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Ecommerce Platform 20 21 22 23 24 25 81
Slide 82: 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 163,064 stores*1 40+ Credit card (As of end-Mar 2025) companies EC Conv
Slide 83: Internet Infrastructure | Payment Quarterly KPIs
Internet Infrastructure | Payment Quarterly KPIs Group-wide annual TRX value reaches approx. ¥20.5 trillion in the past 12 months Operating TRX volume*2*3 TRX value*2 Stores*1/Terminals*2 GMO:FY2025.Q1 GMO:FY2025.Q1 GMO:FY2025.Q1 Past 12-month Past 12-month PG:FY2025.Q2 PG:FY2025.Q2 PG:FY2025.Q2 - 2
Slide 84: Security
Security 84 84
Slide 85: Security | Number of e-contract accounts
Security | Number of e-contract accounts ( millions ) 2.77M 36.9%UP Number of e-contract accounts No.1 YoY User companies ( extract ) 2.02 1.25 20/4/15 Declaration of Abolition of Seals 20/5/13 0.58 Campaign launched Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 20 21 22 23 24 25 85
Slide 86: Security | Number of contracts
Security | Number of contracts ( millions ) 5.17M 41.4%UP 3.65 Number of contracts YoY 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 20 21 22 23 24 25 86
Slide 87: Security | ARR (Annual Recurring Revenue)
Security | ARR (Annual Recurring Revenue)* (JPY billions) 1.7 1.23 0.84 38.7%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 quarter by twelve (excluding one-time revenues). 22 23 24 25 87
Slide 88: Countermeasures against cyberattacks business | Achievements
Countermeasures against cyberattacks business | Achievements Cyber Security Assessment More than 10,500 cases More than 150 World's Largest No.1 No.1 white hat No.1 largest hackers contest in contest enrolled Japan two years in a row *1:Based on our survey *2:HTB Business CTF 2024: No.1 in Japan *:3
Slide 89: Countermeasures against cyberattacks business | Service usage
Countermeasures against cyberattacks business | Service usage 89
Slide 90: Countermeasures against cyberattacks business | Mid- to long-term growth
Countermeasures against cyberattacks business | Mid- to long-term growth Expand the business scale by using the customer base and introducing SaaS products SaaS products Using the the customer base Existing business 90
Slide 91: 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 83.3 Strong No. 1 % ＊2 Domestic market share at No. 1 Hosting & Cloud 58.3 % ＊3 No. 1 ASP Cart 47K paid stores Domestic market sh
Slide 92: Internet Finance
Internet Finance 92 92
Slide 93: Internet Finance | Domestic FX volume and share transition
Internet Finance | Domestic FX volume and share transition Our transaction volume share has remained consistently above 20%. USD／JPY （JPY trillion） Volatility Domestic trading volume Domestic share (Sum of 3 companies *1 (Sum of 3 companies) SHARE 23.3%: At the end Mar 2025 Feb 2018 Mar 2025 *This i
Slide 94: Internet Finance | CFD transaction and revenue transition
Internet Finance | CFD transaction and revenue transition ■Transaction （JPY trillion） ■Revenue （JPY million） Transaction volume YoY 24.3 %UP Profit YoY 26.4% DOWN Revenue declined despite YoY growth in trading volume Customer rebates on spreads enhanced to drive user base expansion * Prepared based
Slide 95: Internet Finance | CFD deposit margin balance
Internet Finance | CFD deposit margin balance （JPY billion） YoY 3.8 %UP Trading volume exceeded ¥70 billion since October 2023, supported by favorable market conditions * Prepared based on GMO-Financial Holdings presentation materials 95
Slide 96: Internet Finance | Stock brokerage commission and rate transition
Internet Finance｜Stock brokerage commission and the rate transition ■Stock Brokerage 株式委託手数料 ■Commission Rate 株式委託手数料率 Commission Rate commission （百万円） (bp) （bp） (bp) (JPY million) Stock Brokerage Commission YoY 27.2%DOWN Both trading value and brokerage commissions declined year over year. Q1’25 St
Slide 97: 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 98: Cryptoasset
Cryptoasset 98 98
Slide 99: Cryptoasset Business
Cryptoasset Business Mining Mining Business Crypto Exchange Exchange business asset Payment Payment business ┗ Issuing Stablecoin 99
Slide 100: Cryptoasset Exchange Business | Trading volume
Cryptoasset Exchange Business｜Trading volume (JPY Billion) YoY 41.9%UP Trading activity surged in January as BTC hit an all-time high, driving a YoY increase in trading volume *Regarding market share, the market's trading volume is based on the data published by the Japan Cryptocurrency Exchange Ass
Slide 101: Cryptoasset Exchange Business | Accounts and deposit asset transition
Cryptoasset Exchange Business | Accounts and deposit asset transition ■Client Asset ■Crypto-asset under Custody accounts （JPY billion） （1K accounts） Accounts YoY 103 K UP Deposit Asset YoY 25.5%UP * Prepared based on GMO-Financial Holdings presentation materials 101
Slide 102: 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 103: GMO Aozora Net Bank
GMO Aozora Net Bank 103
Slide 104: Net Bank: Bank x IT
Net Bank Bank×IT Born in July 2018 Banking management know-how Technology 104
Slide 105: 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 Point4 BaaS byGMOAozora Point5 Approximately 40% of employees are engineers 105
Slide 106: Net Bank | Full-year results trends
Full-year results trends （ billions ） 3 2 1 Revenue stabilized along with * the continued growth in the Sales 0 number of accounts Operating profit -1 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 * Gross business profit 22 23 24 25 106
Slide 107: Net Bank | Business KPI Status
Net Bank | Business KPI Status Customer base expanding steadily * Number of business accounts BaaS by GMO Aozora （Thousand Companies） （Number of Contracts） 182 827 Up 45.4％ YoY 125 Up 31.5％ YoY 629 454 77 281 39 127 19 6 79 39 59 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q
Slide 108: Net Bank | Mid-to-Long-Term Strategy
Net Bank | Mid-to-Long-Term Strategy No changes to the three goals 1 No.1 Bank for Small & Startup Businesses 2 No.1 Embedded Finance 3 No.1 Tech-First Bank 108
Slide 109: Topics
Group Overview Financial condition and strategy Consolidated results Topics ESG activities 109
Slide 110: TOPICS: Becoming the No.1 Corporate Group Creating the Future with AI
—* Becoming the No.1 Corporate Grou Pioneering the Future with Al . 110
Slide 111: 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 112: 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 113: GMO-AIR Co.Ltd | Business Model
GMO-AIR Co.Ltd | Business Model Aiming of a lean, High-performance Organization that fully utilizes AI 113
Slide 114: ESG activities
Group Overview Financial condition and strategy Consolidated results ESG activities 114
Slide 115: 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 116: 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." 116
Slide 117: ESG activities | Sustainability management for SDGs
ESG activities | Sustainability management for SDGs Our business helps Social and environmental issues to be solved. ・ ・ ・ 117
Slide 118: ESG activities | Disclosure Processes/External Evaluation
ESG activities | Disclosure Processes/External Evaluation [Disclosure Progress] Jan. 2024 FTSE ESG Ratings FTSE ESG Ratings 2.8 2.9 Assessment by ESG rating agencies / Inclusion in ESG indexes Mar. 2023 Dec. 2023 *2 Expanding Human capital disclosure Plans to publish integrated report （September 202
Slide 119: Internet for Everyone
Internet for Everyone 119 119