Gunosy, Inc. · TSE:6047

Gunosy — Q3 2025 Earnings Presentation

56 slides from Gunosy's earnings presentation, May 31, 2025

Slide 1: FY2025 Financial Results for Q3
FY2025 Financial Results for Q3 株式会社 G un o sy Gunosy Inc. TSE Prime 東証プ (6047) ライム（証券コード：6047）
Slide 2: Index
1. Executive Summary P 03 2. Financial Results for FY2025/5 Q3 P 11 3. Business Overview by Division P 15 INDEX 4. Mid-Term Financial Goals P 33 5. Other Topics P 39 6. Reference Material: Company Profile P 41 7. Reference Material: slice P 50 （C） Gunosy Inc. All Rights Reserved. 2
Slide 4: Executive Summary: progress vs revised forecast
Executive Summary Progress vs. revised YoY FY2025/5 forecast FY2025/5 1Q-3Q Net sales 4,630 million yen 75.7％ 82.0％ (Jun 2024 - Feb Progress vs. revised FY2025/5 forecast YoY 593 2025) Operating profit million yen 87.2％ + 705 million yen Gunosy Game8 Others By company Net sales 2,834 million yen 1,7
Slide 5: Gunosy: Maintaining and Expanding Profitability
Gunosy (non-consolidated) Maintaining and Expanding Profitability Building on the results of FY2025/5 2Q, Gunosy achieved a quarterly operating profit. The continued streamlining of its business portfolio and rigorous cost control measures have enabled sustained profitability. Business Cost Improvem
Slide 6: Game8: Expansion into SC Business
Game8 Expansion into SC Business in Addition to Domestic and Overseas Media Businesses Both net sales and operating profit grew strongly year on year, with net sales hitting a record high. The Shop & Commerce (S&C) business, which launched in January 2025, has already secured orders shortly after it
Slide 7: Game8 S8 Plus Business Overview
Game8 S8 Plus Business Overview January 23, 2025, S8 Plus was established, launching both “S8 Shops” and “Game8 Store.” With the enforcement of the “Act on Promotion of Competition for Specified Smartphone Software,” S8 Plus has officially entered a newly opened, massive market worth over 2 trillion
Slide 8: slice: Steady Growth Following the Merger
slice Steady Growth Following the Merger AUM and deposits, both key KPIs, have been steadily growing since the merger with NESFB. Deposit services entered full-scale rollout in April 2025, with further growth expected going forward. AUM Deposits Merger with CMGR 2% *1 NESFB CMGR 9% *1 Merger with NE
Slide 9: Change in Shareholder Return Policy
Change in Shareholder Return Policy Reflecting the earnings outlook and the growth potential of slice, Gunosy has determined that it can achieve a balance between stable shareholder returns and business growth. The shareholder return policy has been revised to target a stable dividend with a DOE of
Slide 10: FY2025/5 Shareholder Return Plan
Shareholder Return: FY2025/5 Shareholder Return Plan In FY2025/5, Gunosy’s first year of dividends, the Board of Directors resolved to return 5% of consolidated shareholders’ equity to shareholders. This consists of a 4% dividend and a 1% share buyback. Dividend Policy for FY2025/5 Resolution to Ret
Slide 12: FY2025/5 Consolidated Results for Q3
FY2025/5 Consolidated Results for Q3 The consolidated operating profit for Q3 (June 2024 to February 2025) amounted to 593 million yen. The progress rate against the earnings forecast announced in January was 87.2%, showing steady progress. (Million yen) FY2025/5 Revised forecast 1Q-3Q progress rate
Slide 13: Breakdown of Net Sales
Breakdown of Net Sales *1 Game8 continued to maintain a high level of sales, driving the overall performance. Others Game8 ADNW (million yen) Gunosy Ads*2 2,400 192 168 194 153 457 295 451 142 203 244 390 420 280 36 295 271 29 32 1,600 257 369 381 470 40 254 247 445 227 201 168 456 501 572 634 140 1
Slide 14: Cost Structure
Cost Structure Advertising expenses will be maintained QoQ as an investment in growth, while we will continue our cost-control policy to achieve efficient business operations. (million yen) 2,400 2,187 2,176 2,135 2,085 2,080 2,110 2,118 2,066 2,010 1,869 1,826 537 580 540 515 550 639 668 561 673 1,
Slide 16: Business Model of Our Media Business
Media Business Business Model of Our Media Business We obtain content from external media (“content partners”) and offer the service to users free of charge. We provide advertising space to advertisers to serve ads to users, and we receive revenue from advertisers. Provide content * Content partner
Slide 17: Progress Summary of Gunosy's Key KPIs
Media Business Progress Summary of Gunosy's Key KPIs Sales per DAU remained largely flat QoQ. While DAU saw a slight decline due to retention factors, overall sales progressed in line with the revised plan. Gunosy Sales DAU *1 Sales/DAU YoY 97％ QoQ 97％ YoY 87％ QoQ 97％ *2 Cumulative downloads Retenti
Slide 18: Total Number of Active Users (MAU)
* Media Business Total Number of Active Users (MAU) The total MAU (monthly active users) for the media business remained unchanged QoQ. While focusing on stable profit generation, MAU was maintained through continued control of advertising expenses. LUCRA (Service ended in February 2023) NewsPass +
Slide 19: Gunosy: Advertising Expenses and Estimated IRR
Media Business Gunosy: Advertising Expenses and Estimated IRR Except for February, the estimated IRR for Q3 remained above the benchmark level. Although recent performance has been somewhat sluggish due to a combination of temporary factors, including a decline in topical news and seasonal effects,
Slide 21: Business Model of Game8
Game8 Business Model of Game8 Gate8 Inc. develops its business around monetizing advertising revenue through game walkthrough media. The company provides a wide range of marketing solutions by employing diverse advertising strategies, including writing game walkthrough articles. Users Clients Provid
Slide 22: Game8 Sales and Operating Profit
Game8 Sales and Operating Profit Driven in part by the success of popular game titles, quarterly sales reached a record high of 635 million * yen. For Q4, a certain level of pullback is expected due to a decline in walkthrough demand for hit titles. Record high driven by hit titles (million yen) Rec
Slide 23: Key KPIs of Game8
Game8 Key KPIｓof Game8 Page views (PV) in Q3 increased, driven in part by popular game titles, expanding market share and achieving the No.1 position among domestic game media. Overseas media continued to maintain high profitability, supported by favorable exchange rate trends due to the weaker yen.
Slide 25: Business Model of slice
slice Business Model of slice A financial services business based in India, known for its intuitive, digital-first design that has gained strong support among younger users. Following the merger with NESFB, the company has expanded its range of financial services, including the acceptance of deposit
Slide 26: Positive Business Impact from License Changes
s li c e Positive Business Impact from License Changes Fo l l o w i n g th e m er ge r , S li c e i s n o w ab l e t o of fer a wi d e r a rr ay o f f i n an c i a l s e rv i c e s , in cl ud in g d epos it a c cou nt s a nd c r edi t ca r d s . At th e s a me t i me , t he mer g er i s exp ec ted t
Slide 27: Business Scale Expansion: Deposit Growth
sl ice Business Scale Expansion: Deposit Growth Since the merger, deposit balances have been steadily increasing. Full-scale rollout of deposit services is scheduled to begin in April, with further growth anticipated. Deposit About the Deposit Service Deposits have continued to grow steadily followi
Slide 28: Business Scale Expansion: AUM Growth
slice Business Scale Expansion: AUM Growth After a preparatory period for the merger, growth in AUM—one of the key KPIs—has resumed. Future product launches are expected to further accelerate this growth. Response to Rapid growth through marketing investments guidelines Stable growth primarily throu
Slide 29: Profitability Improvement: Gross Revenue and Revenue Efficiency
Profitability Improvement — Gross Revenue and Revenue slice Efficiency Profitability per AUM has remained largely stable even after the merger. With continued growth in AUM, which serves as a leading indicator, gross revenue is expected to continue increasing steadily. Gross Revenue Revenue Efficien
Slide 30: Profitability Improvement: Debt Profile and Cost of Funding
slice Profitability Improvement – Debt Profile and Cost of Funding As deposits increased following the merger, the funding structure has been shifting from high-interest borrowings to lower-cost deposits. As a result, the overall cost of funding has declined as expected. Debt Profile Cost of Funding
Slide 31: Post-Merger Progress: Name Change
slice Post-Merger Progress – Name Change Following the completion of the merger, an application was submitted to change the name to slice Small Finance Bank. The approval process has progressed to its final stage. Once completed, full-scale operations leveraging the brand equity built by "slice" are
Slide 32: Post-Merger Progress: Product Development Milestones
slice Post-Merger Progress: Product Development Milestones The initial focus is on developing consumer-oriented products that leverage slice’s brand strength. Subsequently, the company aims to expand its market presence by offering a full range of products as a digital-first bank. Current Focus Area
Slide 34: Medium-Term Financial Goals: As of FY2027/5
Medium-Term Financial Goals: As of FY2027/5 As of FY2027/5 Business Investment Operating ROIC * IRR profit/EBITDA (on existing business capital) 900million yen 15% and over 30% * Cash and deposits available for investment are comprehensively evaluated according to the intended use of the funds, usin
Slide 35: Capital Policy Direction
Capital Policy Direction We aim to strike a balance between growth and improved capital efficiency through the accumulation of stable cash flows, while also enhancing the level of shareholder returns. Capital Policy Direction Promoting balanced capital allocation between growth and stable cash flow.
Slide 36: Capital Allocation: Status as of FY2025/5 Q3
1. Capital Allocation – Status as of FY2025/5 Q3 In line with our medium-term financial targets, we continue to focus on appropriate capital allocation. Capital invested in existing businesses has maintained a capital efficiency level of around 20% ROIC, and cash and deposits available for investmen
Slide 37: Policy for Deploying Cash and Deposits Available for Investment
1. Capital Allocation: Policy for Deploying Cash and Deposits Available for Investment Assuming favorable investment economics, the basic policy is to pursue M&A opportunities that strengthen our value chain in areas with stable revenue potential. At the same time, new business opportunities in thes
Slide 38: Shareholder Returns: Future Cash Flow and Return Policy
2. Shareholder Returns: Overall Picture of Future Cash Flow and Return Policy A solid cash flow base from existing businesses supports stable dividends at a DOE (Dividend on Equity) of 3% or higher over the medium to long term. At the same time, investments will be made to strengthen this cash flow
Slide 40: New Service IR Hub Launched, Powered by LLM
New Business New Service “IR Hub” Launched – Powered by LLM Technology Ahead of the Tokyo Stock Exchange’s mandatory English disclosure rules taking effect in April 2025, we have launched IR Hub, a cloud-based disclosure support platform equipped with advanced AI-powered translation features. The se
Slide 43: Company History
Company History June 2016 April 2021 “au Service Today” “NewsPass” released released November 2012 July 2018 Established Gunosy Capital Established Gunosy Inc. in and started investment Roppongi, Minato-ku, Tokyo business 2012 2015 2016 2017 2018 2019 2021 2022 April 2015 December 2017 April 2024 Li
Slide 44: Gunosy Group Business Portfolio
Gunosy Group Business Portfolio Medium- to long-term growth driven by three businesses 1 2 3 ＋ Media business Game8 group Investment New businesses • Store and • Gunosy • Game8 • Gunosy Capital commerce • NewsPass * (SC) • Au Service Today business • LLM • Data accumulated since the inception of the
Slide 45: Growth Image
Growth Image Increase corporate value through growth of existing businesses and development of new businesses Aim for group-wide growth with a market capitalization of 100 billion yen as a medium- Investment to long-term target Game 8 Media business Established （C） Gunosy Inc. All Rights Reserved. 4
Slide 46: Management Team
Management Team The management structure for FY2023/5 is as follows. Representative Director and Representative Director Chairman, Group Chief Executive Director and Chief Director and Chief Director and Officer (CEO) Operating Officer (COO) Financial Officer (CFO) President Shunsuke Tatsuyuki Masaa
Slide 47: Overview of Gunosy Inc.
Overview of Gunosy Inc. Basic Information Representative Director and Chairman, Company name: Gunosy Inc. Officers: Group Chief Executive Officer (CEO), Shinji Kimura Representative: Shinji Kimura Representative Director and President, Kentaro Nishio Kentaro Nishio Director and Chief Operating Offic
Slide 48: From Gunosy Way to Gunosy Pride
From “Gunosy Way” to “Gunosy Pride” The concept of "Gunosy Way", which had been defined as a milestone for Gunosy to follow, was redesigned as "Gunosy Pride“, which inherits the original thoughts and concepts. 1 “Triple win” philosophy Benefit the customer, the user, and the world. Benefit yourself,
Slide 49: Sustainability Initiatives
Sustainability Initiatives Provide information in a way that is socially beneficial as a media outlet (eliminate 1 echo chambers and filter bubbles, provide a quality game walkthrough wiki, etc.) 2 Ad review initiatives to provide a safe advertising experience 3 Encourage diverse work styles that co
Slide 51: slice Company History and CEO
s li c e Company History and CEO "slice" was founded in 2015. Since 2019, we have invested a cumulative total of more than 3 billion yen in slice. In October 2024, the merger process with NESFB was completed. 2015 Jun GaragePreneurs Internet Pvt Ltd., which About slice operates "slice" established 2
Slide 52: Relationship Between slice and Our Company
sl ice Relationship Between slice and Our Company The dilution of shares due to the merger is limited. We will continue to maintain a strong relationship as a largest external shareholder. Our shareholdings Our relationship with slice. • With the transition to the banking business, we have aimed Mai
Slide 53: Our Perspective on slice's Contribution to Our Corporate Value
sl ice Our Perspective on slice’s Contribution to Our Corporate Value We remain focused on enhancing slice’s corporate value as a key project within our investment division. Through the appreciation of our equity stake, we aim to contribute to the maximization of corporate value over the medium to l
Slide 54: Our Perspective on slice's Growth Potential
s li c e Our Perspective on slice's Growth Potential By leveraging its established brand, which is well-supported by the younger generation, and its advanced technological capabilities, we anticipate that slice will quickly establish a strong position within the Indian banking sector, despite being
Slide 55: slice P&L: Sales and Profit/Loss before Income Taxes
s li c e slice P&L: Sales and Profit /Loss before Income Taxes (million yen) 15,273 FY2023/3 highlights Sales Profit (loss) before income taxes Sales CAGR 211% FY2019/3 – FY2023/3 15,273 million yen 5,155 YoY 296％ Profit (loss) before income taxes 715 1,200 162 ▲ 174 ▲ 17 ▲ 148 -7,123 million yen Yo
Slide 56: slice B/S (As of the End of FY2023/3)
s li c e slice B/S (As of the End of FY2023/3) Total assets as of March 31, 2023 were 33.9 billion yen. The company is in sound financial condition, with an equity ratio of more than 50%. As of March 31, 2023 (Million yen) Current assets 30,448 Liabilities 16,728 Total assets: 33.9 billion yen Equit

Gunosy — Q3 2025 Earnings Presentation on 6ix

Gunosy — Q3 2025 Earnings Presentation

Slide 1: FY2025 Financial Results for Q3

Slide 2: Index

Slide 3: Executive Summary

Slide 4: Executive Summary: progress vs revised forecast

Slide 5: Gunosy: Maintaining and Expanding Profitability

Slide 6: Game8: Expansion into SC Business

Slide 7: Game8 S8 Plus Business Overview

Slide 8: slice: Steady Growth Following the Merger

Slide 9: Change in Shareholder Return Policy

Slide 10: FY2025/5 Shareholder Return Plan

Slide 11: Financial Results for FY2025/5 Q3

Slide 12: FY2025/5 Consolidated Results for Q3

Slide 13: Breakdown of Net Sales

Slide 14: Cost Structure

Slide 15: Business Overview by Division: Media Business

Slide 16: Business Model of Our Media Business

Slide 17: Progress Summary of Gunosy's Key KPIs

Slide 18: Total Number of Active Users (MAU)

Slide 19: Gunosy: Advertising Expenses and Estimated IRR

Slide 20: Business Overview by Division: Game8 Business

Slide 21: Business Model of Game8

Slide 22: Game8 Sales and Operating Profit

Slide 23: Key KPIs of Game8

Slide 24: Business Overview by Division: Investment (slice)

Slide 25: Business Model of slice

Slide 26: Positive Business Impact from License Changes

Slide 27: Business Scale Expansion: Deposit Growth

Slide 28: Business Scale Expansion: AUM Growth

Slide 29: Profitability Improvement: Gross Revenue and Revenue Efficiency

Slide 30: Profitability Improvement: Debt Profile and Cost of Funding

Slide 31: Post-Merger Progress: Name Change

Slide 32: Post-Merger Progress: Product Development Milestones

Slide 33: Mid-Term Financial Goals

Slide 34: Medium-Term Financial Goals: As of FY2027/5

Slide 35: Capital Policy Direction

Slide 36: Capital Allocation: Status as of FY2025/5 Q3

Slide 37: Policy for Deploying Cash and Deposits Available for Investment

Slide 38: Shareholder Returns: Future Cash Flow and Return Policy

Slide 39: Other Topics

Slide 40: New Service IR Hub Launched, Powered by LLM

Slide 41: Reference Material: Company Profile

Slide 42: Mission

Slide 43: Company History

Slide 44: Gunosy Group Business Portfolio

Slide 45: Growth Image

Slide 46: Management Team

Slide 47: Overview of Gunosy Inc.

Slide 48: From Gunosy Way to Gunosy Pride

Slide 49: Sustainability Initiatives

Slide 50: Reference Material: slice

Slide 51: slice Company History and CEO

Slide 52: Relationship Between slice and Our Company

Slide 53: Our Perspective on slice's Contribution to Our Corporate Value

Slide 54: Our Perspective on slice's Growth Potential

Slide 55: slice P&L: Sales and Profit/Loss before Income Taxes

Slide 56: slice B/S (As of the End of FY2023/3)