Stock Analysis

GMO internet group Full Year 2023 Earnings: EPS Misses Expectations

TSE:9449
Source: Shutterstock

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).
earnings-and-revenue-growth
TSE:9449 Earnings and Revenue Growth March 29th 2024

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.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.