GMO internet group Full Year 2023 Earnings: EPS Misses Expectations

GMO internet group (TSE:9449) Full Year 2023 Results

Key Financial Results

• Revenue: JP¥258.6b (up 5.3% from FY 2022).
• Net income: JP¥14.2b (up 7.4% from FY 2022).
• Profit margin: 5.5% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: JP¥133 (up from JP¥123 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GMO internet group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan.

Performance of the Japanese IT industry.

The company's shares are down 6.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on GMO internet group's balance sheet.

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