Gmo Internet Group, Inc.TSE: 9449

1st Quarter Financial Results: Presentation Documents (GMO FY26 Q1 Financial Results Presentation 260515 e)

May 15, 2026 at 11:36 AM UTC · Issued by Gmo Internet Group, Inc.

Fiscal Year 2026 First Quarter Results Presentation

STOCK CODE: 9449

May 15, 2026

Summary and Conclusion
Key Topics (Security; AI & Robotics)
Segment Performance, Sustainability & Shareholder Returns
1. Group Overview
2. Performance by Business

ⅳ) Shareholder Returns

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 billions）

+1.7

61.2

One-off / incidental items

※

+2.4

57.1

J-GAAP

Operating Profit

59.1

IFRS

Business

Profit

▲2.1

IFRS

Operating

Profit

Goodwill non-

amortization

VC business: fair value

measurement, etc.

※Equivalent to non-operating and extraordinary items under J-GAAP 3

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 Profit: ¥19.3bn (+32% YoY; Operating Profit: ¥18.6bn).

Infrastructure and Financial segments posted record-high quarterly results, driving consolidated performance. Our core recurring revenue base is structurally expanding, propelled by the growing adoption of AI. Executing strategic initiatives in anticipation of the AI Agent era.

2026: the "Humanoid Era" - positioning AI & Robotics as a new growth driver and building top-of-mind brand recognition.

Public Offering and Secondary Offering Completed; Continued Listing Criteria Met

Purpose	Meet Prime Market continued listing criteria. Raise investment capital for the GPU Cloud business.
Number of Shares	Secondary offering: 61.5 million shares sold by the Company, excluding over-allotment. New share issuance: 30.0 million shares.
Offering Price	JPY 710 per share
Financial Impact	CF:JPY 41.7b(secondary sale) / JPY 20.2b(new issuance) BS:Consolidated capital surplus +JPY 25.5b PL:No consolidated impact (parent-only gain: JPY 40.5b)
Listing Standard (Liquidity)	Float ratio: 7.7% → 41.5% - now compliant

Infrastructure & Financial segments posted record-high quarterly earnings, delivering strong profitability.

( JPY billions )

Q1'25

(Jan-Mar)

Q1'26

(Jan-Mar)

YoY Change

Change

Revenue 71.9

Business Profit 14.6

Operating Profit 14.5

Net Profit※ 5.5

※ Profit attributable to owners of the parent

81.6

19.3

18.6

6.3

+9.6 +13.3%

Record high

＋4.7 +32.0%

＋4.0 ＋28.0%

+0.7 ＋13.5%

FY26 FY25

" "

Updated record-high results for the fifth consecutive quarter.

(Up 24.3％ YoY)

JPY 12.3B

Business Profit

GMO-PG and GMO-I drove performance.

frastructur

Internet

In e

(Up 11.8％ YoY)

JPY 47.7B

Revenue

Record high

Internet

Revenue JPY6.2B (Up 15.5％ YoY)

Cybersecurity continued to grow.

Security

Business Profit

JPY 0.3B (Down 9.6％ YoY)

Strategic investments made in brand security.

Online Ad & Media

Revenue

Business Profit

high Revenue

Internet

Finance

JPY 9.1B JPY 0.8B JPY 14.3B

JPY 6.5B

(Down 1.6％ YoY) (Down 6.1％ YoY) (Up 37.1％ YoY)

(Up 79.9％ YoY)

Despite mixed performance across companies, secured profit during the peak advertising demand season.

Promoting a shift from flow-based products to recurring-revenue products.

" poor" " poor"

Record

CFD, which has been developed as the second

earnings pillar, grew to a revenue scale exceeding OTC FX.

" poor"

Business

Profit

Revenue

Cryptoassets

Business

Profit

JPY 1.5B

JPY 0.2B

(Down 42.4％ YoY)

(Down 78.9% YoY)

Market conditions remained sluggish,

but profit was secured through cost optimization.

" poor" " poor"

Revenue

Up 9.6B YoY

( JPY billions )

Business Profit

Up 4.7B YoY

( JPY billions )

Q1'

Infra

+3.8

+1.1 81.6

+2.9

+0.8

-0.1

19.3

-0

18.6

+5.0

+0.8

-1.1

-0.7

-0.6

+2.4

-0.7

71.9

-0

14.6

Crypto

Q1'

Q1 FY26

Non

Q1 FY26

25 structure

Security

Finance Ad

assets

VC Other 26

Q1'

Infra

Security Finance Ad Crypto

VC Other

Business

recurring

Operating

25 structure

assets

Profit

One off Items

Profit

3. Solid recurring revenue

That means our core business policies,

Indispensable products that will not disappear

With

recurring revenue business model

Proliferation of AI Agents & Humanoids

AI agent communications
（constant inter-agent connectivity）
AI agent payments & transfers
（automated transactions without human
involvement）
Data handled by AI
（processing of training & inference data）
AI compute infrastructure

（GPU and other computing resources）

Expansion of Data Volume & Transaction Volume

Result

AI-generated code
（risk of embedded vulnerabilities）
AI-generated content
（erosion of authenticity）
AI agents themselves
（identity of autonomously acting entities）
New AI-driven attack surfaces
（AI-powered cyberattacks）
Humanoids

（risk of attacks in physical space）

Expansion of Assets to Protect

Growing demand for internet infrastructure and financial infrastructure

Growing demand for

internet security

The main users of the Internet are rapidly shifting from humans to AI

Market Shift

AI agent traffic is expanding explosively

AI agent traffic increased 80x YoY.* Automated traffic is growing 8x faster than human traffic.

Our Response

Become the company "chosen" by AI

MCP support. API support.

* Source: HUMAN Security, "2026 State of AI Traffic & Cyberthreat Benchmark Report" (March 2026) 11

AI adoption is accelerating demand for "Infrastructure" and "Security"

Internet & Financial Infrastructure

Providing the foundation for online presence,

business operations, and transactions

Provider (ISP)

Securities / FX

Domain

Crypto assets

Internet bank

Payment Processing

Support for online shops

Cloud/rental

server

Internet Security

Providing trusted infrastructure for authentication,

authenticity, and cyber defense

Brand Security

Cryptographic

Security

Cyber Security

Ranked No. 1 worldwide in Anthropic's vulnerability discovery and bug bounty program (May 15, 2026)

Summary and Conclusion
Key Topics (Security; AI & Robotics)
Segment Performance, Sustainability & Shareholder Returns
1. Group Overview
2. Performance by Business

ⅳ) Shareholder Returns

Providing Comprehensive Internet Security Services

A safer future for Everyone

Protection against eavesdropping, tampering, impersonation. (Cryptographic Security)

Countermeasures against cyberattacks.

（Cyber Security）

Monitoring and Takedown Support for Impersonation. (Brand Security)

	Cryptographic Security	Cyber Security	Brand Security
Operating Companies
Services and Products		Vulnerability Assessment and Penetration Testing
Key Strengths	Te c hnic al and ope rational e xpe r t i s e as a c e r t i f icate author i ty	A dvanc e d s kills of w hite -hat hac ke r s	E xpe r t i s e in managing inte l le ctual prope r ty and t rade marks

Internet Security for Everyone

A Safe Future for Everyone.

Ongoing initiatives to establish top-of-mind brand recognition

Phase8

Phase1

From Feb. 2025

Providing comprehensive internet security services free of charge

Phase3

From May. 2025

Launch support services for the application and operation of brand TLDs (Top-Level Domains) on the Internet.

Phase4

From July. 2025

Providing Security AI free of charge

Phase6

From July. 2025

Visualize unauthorized access risks seamlessly from physical space to cyberspace

From Nov. 2025

Mr. Jiro Hiroe (former Lieutenant General), former head of the JGSDF Training Evaluation, Education, Research and Development Command (TERCOM), has joined.

Phase10

From Dec. 2025

Established a joint venture with Mitsubishi UFJ Financial Group (MUFG)

Phase11

From Dec. 2025

Prime Strategy Co., Ltd. joined the Group

Phase13

New

Mar. 2026

Established a joint venture with Preferred Networks

Prevent impersonation with ".yourbrand"

GMO Group Defense

Division 6

Phase7

Phase9

Phase12

Phase2

Phase5

Mar. 6. 2025

Host one of Japan's largest

cyber security conferences

July 23. 2025

Host a tech conference specializing in cyber security

Sep 25. 2025

Host one of Japan's largest

conferences

on AI and robotics

Dec 1. 2025

Served as a Special Sponsor

of "INCYBER FORUM JAPAN"

Mar 5. 2026

The 3rd GMO Group Conference (Spring): Cybersecurity 2026.

Phase3 'Internet Security for Everyone' project

Began accepting applications on Apr. 30; TOPPAN Holdings and other companies have decided to submit applications.

".yourbrand"

Application deadline: Aug. 12

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.

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.

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.

Enabling real-world adoption of humanoid robots without upfront investment or specialized expertise; inquiries growing across diverse industries since Apr. 2025

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.

｜

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.

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

Delivering a wide range of indispensable and enduring value positioning security and AI x Robotics as a mid- to long-term growth driver.

AI x Robotics

New Foundations

( F o c u s A r e a )

Security

Payment

Existing business

Access

Support for online shops

Cloud/rental server

Domain

consumer Small to medium

-scale Business

Large-scale Business

Summary and Conclusion
Key Topics (Security; AI & Robotics)
Segment Performance, Sustainability & Shareholder Returns
1. Group Overview
2. Performance by Business

ⅳ) Shareholder Returns

Record high

Changes in rules to record the revenues*

81.6

69.4

71.3

71.9

71.2

71.8

1.5

(JPY billions)

61.2

59.2

6.8

5.7

68.8

64.6

1.4

67.6

69.6

1.5

1.5 14.3

4.3

62.5

2.0

65.5

1.2

64.4

3.5

2.6

1.7

2.2

4 62.5

2.3

1.7

8.8

0.9

10.4

56.4

3.6 11.3

2.0

57.5

0.7

9.2

11.4

8.7

11.6

10.9

10.8

12.6

9.1

1.2

12.7

12.2

11.3

10.5

8.2

9.4

8.2

6.9

10.0

9.4

9.2

8.3

7.3

10.3

10.7

9.0

9.3

8.7

8.5

6.2

9.0

9.2 8.7

8.8

5.1

5.8

5.4

13.7

12.8

9.1

4.5

4.9

4.3

5.6

5.1

12.1

8.7

8.0

3.8

4.7

3.6

4.0

6.1

2.0

2.1

2.0

2.7

2.6

3.2

3.3

38.6

38.2

40.2

40.3

41.7 41.7

42.6

42.7

44.7

45.2

47.7

31.8 32.5

32.2

33.1

32.0

33.3

34.5

36.4

37.2

37.9

Revenue Up

13.3% YoY

Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

22 23 24 25 26

Sustainable growth driven by

infrastructure and security

Other Incubation Cryptoassets

Internet Finance Online Ads/Media Internet Security Internet Infrastructure

* "Accounting standards related to revenue recognition" ( accounting standard No. 29 )

Business Profit by Segment

(JPY billions)

Business Profit Up

32.0％ YoY

GMO-PG continues to grow, while GPU Cloud enters the earnings contribution phase.

19.81

19.38

0.21

14.43

14.68

1.00

15.81

0.40

6.59

0.95

15.49

0.59

12.47

12.38

0.08

10.53

11.81

0.22

10.82

3.66

4.95

13.12

0.31

1.61

0.84

0.36

4.02

10.14

11.12

0.15

10.99

3.02

9.62

9.46

2.78

3.75

1.24

9.57

0.38

0.76

0.57

1.83

3.56

0.90

0.40

0.62

0.28

0.66

0.35

0.69

3.99

2.34

8.01

3.88

7.06

4.06

3.83

0.43

2.15

0.83

0.60

1.13

0.67

0.18

0.81

1.48

4.08

3.20

3.10

2.12

2.62

0.96

0.69

2.91 5.73

0.64

0.38

0.71

0.77

0.86

0.21

0.46

0.19

0.54

12.32

0.57

0.34

0.35

0.24

0.56

0.19

0.82

0.35

10.02

10.46

10.60

0.29

8.76 8.94

8.81

9.91

7.60

7.99

5.73

4.49

4.80

5.15

5.50

5.83

6.28

5.95

5.50

3.97

4.71

-0.13

-0.39

-0.82

-0.02

-0.33

-0.48 -0.53

-0.42

-0.09

-1.57

Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

22 23 24 25 26

Other Incubation Cryptoassets

Internet Finance Online Ads/Media Internet Security Internet Infrastructure

Summary and Conclusion
Key Topics (Security; AI & Robotics)
Segment Performance, Sustainability & Shareholder Returns
1. Group Overview
2. Performance by Business

ⅳ) Shareholder Returns

Internet Infrastructure | Revenue by Sub-Segment

billions)

40.2

38.6

0.6

38.2

0.5

40.3

0.7

41.7

0.7

41.7

0.6

42.6

0.7

42.7

0.7

44.7

0.8

45.2

0.2

0.8

31.8

0.7

32.5

0.6

32.2

0.5

33.1

0.6

0.3

33.3

0.6

34.5

0.5

36.4

0.8

37.2

0.7

37.9

0.5

21.2

22.1

23.3

19.3

20.1

19.9

15.3

16.3

15.8

17.8

20.0

10.2

10.9

13.1

14.5

17.5

11.3

12.0

12.6

4.0 4.1

4.1

4.2

3.5

3.6

3.8

4.1

3.9

4.0 4.1

2 *1

3.6

3.8

4.1

4.0

3.9

3.7

3.9

3.6

6.7

3.9 3.9

4.1

4.2 4.4

4.5

4.6

4.7

4.8

5.4

5.3

5.4

5.5

5.5 5.9 6.3

2.1 2.1

2.1

2.2

2.3

2.1 2.2

2.6 2.6

2.7

2.6

2.8 2.8 2.8

2.9

10.7 10.5

10.0

9.8 9.4 9.6

10.0 9.9

10.0 10.1 10.0 9.9 9.9 10.1 9.9

8.9

9.8 9.8 9.6 9.6 9.8

0.7

18.0

3.5

47.7

(JPY

Q1 Q2 Q3 Q4

5.0	5.1		5.1		5.2
2.3	2.4		2.5		2.6

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

22 23 24 25 26

Record high

Revenue Up

11.8％

YoY

Accumulation of solid recurring revenue

Other Payment

Ecommerce Solutions

Hosting & Cloud Domain

Provider

*1: Temporary impact of approx. -JPY 2.0 billion due to a change in accounting treatment

*2: Temporary impact of approx. -JPY 1.0 billion due to a change in accounting treatment 33

Internet Infrastructure | Business Profit

billions)

10.46 10.60

9.91 10.02

8.76

8.94

8.81

7.99

7.60

6.28

5.73

5.50

5.83

5.95

5.50

4.49

4.80

5.15

4.71

3.97

12.32

(JPY

Record high

Business Profit Up

24.3％ YoY

Solid recurring revenue drove profit growth.

Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

22 23 24 25 26

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.

(JPY billions)

1.7

0.2

2.1 2

1.8

0.3 0.3

1.7

2.7 2.6

0.5

2.1

3.2

2.2

2.2 2.2

0.4

0.6

0.8

0.2

2.5

0.2

3.3

3.8

0.7

2.4

4.7

0.7

1.4

2.5

2.6

0.7

0.3

3.6

6.1

2.8

1.0

2.1

3.5

2.0

0.6

0.7

4.5

0.3

1.2

2.9

4.9

1.0

0.8

2.9

2.7

1.1

0.3

4.3

3.1

1.4

1.0

5.6

1.6

0.3

5.4 5.1

0.8

3.3

1.2

3.1

5.1

0.4

1.4

3.1

3.0

1.8

0.9

5.8

6.2

Record high

Revenue Up

15.5％ YoY

Strong growth in cybersecurity continues.

Impersonation Monitoring and Takedown Support (Brand Security) Cyberattack Protection (Cybersecurity)

Protection Against Eavesdropping, Tampering, and Impersonation (Encryption Security)

(JPY billions)

2.15

0.86

0.81

0.69

0.67

0.69

0.56

0.60

0.57

0.34

0.38

0.35

0.40

0.35

0.36

0.24

0.29

0.19

0.18

Profit Down

9.6% YoY

Strategic investment in Brand

Security for ".yourbrand".

-0.02

-0.09

Changes in rules to record the revenues*

(JPY billions)

13.7

12.8

12.1

8.6

9.1

9.0

9.2

9.6

8.7

8.8

9.0

9.3

9.4

8.7

9.2

9.4

9.1

8.3

8.5

8.3

8.2

7.7

8.0

3.9 3.5

3.4 3.2

4.3

4.2

3.8

4.9

5.0

4.7

4.6

4.5

4.1

3.8

3.5

2.9

3.0

5.1

5.4

5.6

5.4

6.0

5.8

4.0

4.4

4.3

4.2

3.8

4.0

4.3

4.5

4.2

4.7

5.0

4.8

4.9

5.2

Revenue Down

1.6% YoY

Flow-based revenue remained soft.

Internet Media
Online Advertising

Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

* "Accounting standards related to revenue recognition" ( accounting standard No. 29 )

(JPY billions)

0.57

0.35

0.19

0.96

0.64

0.82

0.77

0.46

0.54

0.43

0.83

0.76

0.81

1.13

0.90

0.66

0.62

0.28

0.84

Profit Down

6.1% YoY

Despite mixed performance across group companies, maintained a solid profit level amid seasonally strong advertising demand.

-0.07

-0.13

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

14.3

12.7

(JPY billions)

12.2

12.6

11.3

11.6

11.4

10.7

10.3 10.0

10.5

10.9 10.8

10.4

9.2

8.2

8.7

8.8

6.9

7.3

Net Sales

6.59

3.10

2.12 2.62

4.08 3.88

3.20

3.99 4.06 3.83

4.95

2.91

3.75

2.78

3.56

3.66

3.02

0.21

1.61

-0.42※

-1.57

※

Revenue Up

37.1% YoY

Profit Up

79.9% YoY

Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

22 23 24 25 26

* The provision of allowance for doubtful accounts:

-4.5B(Q2'24) , -2.1B(Q3'24) , -2.8B(Q4'24) , +0.5B(Q3'25)