Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Junko Kotakemori was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 15
GMO internet group, Inc. to Report Q1, 2026 Results on May 15, 2026 GMO internet group, Inc. announced that they will report Q1, 2026 results at 3:31 PM, Tokyo Standard Time on May 15, 2026 Duyuru • Feb 16
GMO Internet Group, Inc. Announces the Retirement of Keigo Ogura as Director (Independent Director) and Audit and Supervisory Committee Member, Effective March 19, 2026 GMO internet group, Inc. announced the retirement of Keigo Ogura as Director (Independent Director) and Audit and Supervisory Committee Member. Mr. Ogura will retire upon expiration of his term at the end of the Annual General Shareholders Meeting to be held on March 19, 2026. Duyuru • Dec 03
GMO internet group, Inc. to Report Fiscal Year 2025 Results on Feb 12, 2026 GMO internet group, Inc. announced that they will report fiscal year 2025 results on Feb 12, 2026 Duyuru • Aug 14
GMO Internet Group's White- Hat Team "GMO Ierae" Claims First Place at Def Con 33's Cloud Village CTF, Securing Third Consecutive World Title GMO Internet Group announced that its white-hat hacker team "GMO Ierae" has captured first place in the prestigious Cloud Village Capture The Flag (CTF) competition at DEF CON 33, one of the world's largest and most influential cybersecurity conferences. This victory marks the team's historic third consecutive world championship.DEF CON 33 brought together top hackers and security experts from around the globe. Three elite teams represented GMO Internet Group across multiple categories: GMO Ierae -- 1st place in Cloud Village CTF, achieving a historic third consecutive title. GMO Flatt Security -- Competed in multiple categories, placing 3rd in AppSec Village CTF and 5th in Hardware Hacking Village. Blue Water -- 2nd place in the highly competitive DEF CON CTF Finals, as part of an international team of top hackers from multiple countries. GMO Internet Group views CTF competitions not merely as contests, but as essential training grounds for strengthening real-world cybersecurity defenses. The Group continues to invest in world-class talent development and initiatives to create a safer internet for all. Duyuru • Dec 03
GMO internet group, Inc. to Report Fiscal Year 2024 Results on Feb 12, 2025 GMO internet group, Inc. announced that they will report fiscal year 2024 results on Feb 12, 2025 Duyuru • Mar 08
GMO internet group, Inc., Annual General Meeting, Mar 22, 2024 GMO internet group, Inc., Annual General Meeting, Mar 22, 2024, at 10:00 Tokyo Standard Time. Duyuru • Feb 15
GMO internet group, Inc. (TSE:9449) agreed to acquire an unknown minority stake in Flatt Security Co., Ltd. from Koki Ide for ¥1.3 billion. GMO internet group, Inc. (TSE:9449) agreed to acquire an unknown minority stake in Flatt Security Co., Ltd. from Koki Ide for ¥1.3 billion on February 13, 2024. As of April 30, 2023, Flatt Security Co., Ltd. reported Net assets of ¥71 million, total assets of ¥180 million, revenues of ¥280 million, Operating income of -¥12 million, and Net income of -¥12 million. The deal is expected to be completed on February 29, 2024. Duyuru • Feb 13
GMO internet group, Inc. (TSE:9449) announces an Equity Buyback for 1,100,000 shares, representing 1% for ¥2,410 million. GMO internet group, Inc. (TSE:9449) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 1% of its issued share capital, for ¥2,410 million. The purpose of the program is to enhance shareholder returns. The program will continue through February 7, 2025. As of December 31, 2023, the company had 110,113,337 issued shares (excluding treasury stock) and 3,951,867 treasury shares. Duyuru • Dec 05
GMO internet group, Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 GMO internet group, Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Duyuru • Dec 06
GMO internet group, Inc. to Report Fiscal Year 2022 Results on Feb 13, 2023 GMO internet group, Inc. announced that they will report fiscal year 2022 results on Feb 13, 2023 Duyuru • Apr 09
GMO Internet, Inc. to Report Q1, 2022 Results on May 12, 2022 GMO Internet, Inc. announced that they will report Q1, 2022 results at 3:31 PM, Tokyo Standard Time on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 17% share price gain to €22.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 28x in the IT industry in Germany. Total returns to shareholders of 58% over the past three years. Buying Opportunity • Feb 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be JP¥24.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% per annum over the last 3 years. The company has become profitable over the last 3 years. Duyuru • Feb 16
GMO Internet, Inc., Annual General Meeting, Mar 20, 2022 GMO Internet, Inc., Annual General Meeting, Mar 20, 2022. Duyuru • Feb 11
GMO Internet, Inc. (TSE:9449) announces an Equity Buyback for 3,000,000 shares, representing 2.74% for ¥5,000 million. GMO Internet, Inc. (TSE:9449) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 2.74% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to enhance shareholder returns through improvement of capital efficiency. The program will continue through February 10, 2023. As of December 31, 2021, the company had 109,609,685 issued shares (excluding treasury stock) and 2,283,361 treasury shares. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: JP¥160 (up from JP¥92.99 in FY 2020). Revenue: JP¥241.4b (up 15% from FY 2020). Net income: JP¥17.5b (up 70% from FY 2020). Profit margin: 7.3% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 26
GMO Internet, Inc. (TSE:9449) agreed to acquire 50% stake in Ierae Security Inc. from Yuya Kuratomi and other for ¥9.2 billion. GMO Internet, Inc. (TSE:9449) agreed to acquire 50% stake in Ierae Security Inc. from Yuya Kuratomi and other for ¥9.2 billion on January 24, 2022. After the transaction, Ierae Security Inc. will be renamed to GMO Cybersecurity by lerae, Inc. The transaction is subject to approval from shareholders of GMO. The transaction is expected to close on February 28, 2022. Duyuru • Nov 24
GMO Internet, Inc. (TSE:9449) agreed to acquire Setagaya Business Square from Tokyu Real Estate Investment Management Inc. for ¥22.8 billion. GMO Internet, Inc. (TSE:9449) agreed to acquire Setagaya Business Square from Tokyu Real Estate Investment Management Inc. for ¥22.8 billion on November 22, 2021. Transaction is expected to close on December 1, 2021. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS JP¥32.61 (vs JP¥23.43 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥56.5b (up 11% from 3Q 2020). Net income: JP¥3.60b (up 41% from 3Q 2020). Profit margin: 6.4% (up from 5.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 23
GMO Internet, Inc. (TSE:9449) completed the acquisition of OMAKASE Co., Ltd from Shunpei Asai, Kenta Takahashi, Shuhei Ogata and Hirotatsu Suzuki. GMO Internet, Inc. (TSE:9449) agreed to acquire OMAKASE Co., Ltd from Shunpei Asai, Kenta Takahashi, Shuhei Ogata and Hirotatsu Suzuki for ¥8.3 billion on May 24, 2021. As per terms of transaction, The GMO Internet, Inc. will allocate and deliver 3.677 shares of the GMO Internet, Inc. common stock and ¥371 for each share of the common stock of OMAKASE. The GMO Internet, Inc. plans to allocate 1,029,166 shares of treasury stock held by the GMO Internet, Inc. to the shares of OMAKASE and the common stock of the GMO Internet, Inc. to be delivered as an allotment for stock acquisition rights through the Share Delivery, and will not issue new shares.
GMO INternet,Inc. will acquire 35.49% stake from Shunpei Asai, 32.78% stake from Kenta Takahashi, 11.47% stake from Shuhei Ogata and 11.10% stake from Hirotatsu Suzuki. Transaction is expected to complete on June 18, 2021. KPMG FAS Co., Ltd. acted as fairness opinion provider to GMO Internet, Inc.
GMO Internet, Inc. (TSE:9449) completed the acquisition of OMAKASE Co., Ltd from Shunpei Asai, Kenta Takahashi, Shuhei Ogata and Hirotatsu Suzuki on June 21, 2021. Duyuru • May 25
GMO Internet, Inc. (TSE:9449) agreed to acquire OMAKASE Co., Ltd from Shunpei Asai, Kenta Takahashi, Shuhei Ogata and Hirotatsu Suzuki for ¥8.3 billion. GMO Internet, Inc. (TSE:9449) agreed to acquire OMAKASE Co., Ltd from Shunpei Asai, Kenta Takahashi, Shuhei Ogata and Hirotatsu Suzuki for ¥8.3 billion on May 24, 2021. As per terms of transaction, The GMO Internet, Inc. will allocate and deliver 3.677 shares of the GMO Internet, Inc. common stock and ¥371 for each share of the common stock of OMAKASE. The GMO Internet, Inc. plans to allocate 1,029,166 shares of treasury stock held by the GMO Internet, Inc. to the shares of OMAKASE and the common stock of the GMO Internet, Inc. to be delivered as an allotment for stock acquisition rights through the Share Delivery, and will not issue new shares.
GMO INternet,Inc. will acquire 35.49% stake from Shunpei Asai, 32.78% stake from Kenta Takahashi, 11.47% stake from Shuhei Ogata and 11.10% stake from Hirotatsu Suzuki. Transaction is expected to complete on June 18, 2021. KPMG FAS Co., Ltd. acted as fairness opinion provider to GMO Internet, Inc. Reported Earnings • May 14
First quarter 2021 earnings released: EPS JP¥51.77 (vs JP¥19.92 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥61.2b (up 14% from 1Q 2020). Net income: JP¥5.66b (up 151% from 1Q 2020). Profit margin: 9.2% (up from 4.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.1%). Duyuru • Mar 03
GMO-Z.com Trust Company Launches First Regulated JPY-Pegged Stablecoin GMO Internet Group has launched the world's first regulated JPY-pegged stablecoin, (Ticker: GYEN), as part of a move to digitize the most traded currencies and fuel blockchain technology. With the launch, GMO Trust delivers a digital asset that meets the stringent standards of federal banking regulations and is backed by one of the world's most popular currencies. GMO Trust joins the ranks of Paxos, Gemini, Coinbase Custody, NYDIG, Bakkt and Fidelity Digital Assets as the seventh company to be granted a limited purpose trust charter by the New York Department of Financial Services to offer a stablecoin, which occurred on December 29, 2020.Institutional firms and retail traders can leverage GYEN for trading, institutional hedging, arbitrage, settlements and payments with lower fees and near instant settlement. The stablecoins are 100% fiat-backed and always redeemable 1:1. They are powered by Ethereum's leading blockchain-based technology. They are available on exchanges globally among the most liquid digital assets. Duyuru • Feb 16
GMO Internet, Inc., Annual General Meeting, Mar 20, 2021 GMO Internet, Inc., Annual General Meeting, Mar 20, 2021. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥92.99 (vs JP¥73.16 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥210.6b (up 7.3% from FY 2019). Net income: JP¥10.3b (up 23% from FY 2019). Profit margin: 4.9% (up from 4.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 9.2%, compared to a 12% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥28.40, the stock is trading at a trailing P/E ratio of 46.8x, up from the previous P/E ratio of 40.2x. This compares to an average P/E of 33x in the IT industry in Germany. Total returns to shareholders over the past three years are 134%. Is New 90 Day High Low • Feb 10
New 90-day high: €28.40 The company is up 25% from its price of €22.80 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.56 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥26.60, the stock is trading at a trailing P/E ratio of 45.4x, up from the previous P/E ratio of 39.2x. This compares to an average P/E of 30x in the IT industry in Germany. Total returns to shareholders over the past three years are 91%. Is New 90 Day High Low • Jan 09
New 90-day high: €26.60 The company is up 12% from its price of €23.80 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.11 per share. Duyuru • Jan 07
GMO Internet, Inc. to Report Q4, 2020 Results on Feb 12, 2021 GMO Internet, Inc. announced that they will report Q4, 2020 results on Feb 12, 2021 Analyst Estimate Surprise Post Earnings • Nov 19
Revenue misses expectations Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 8.5%, compared to a 10% growth forecast for the IT industry in Germany. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS JP¥23.43 The company reported a soft third quarter result with weaker profit margins, although earnings and revenues were flat. Third quarter 2020 results: Revenue: JP¥50.8b (flat on 3Q 2019). Net income: JP¥2.56b (flat on 3Q 2019). Profit margin: 5.0% (down from 5.1% in 3Q 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS JP¥23.43 The company reported a soft third quarter result with weaker profit margins, although earnings and revenues were flat. Third quarter 2020 results: Revenue: JP¥50.8b (flat on 3Q 2019). Net income: JP¥2.56b (flat on 3Q 2019). Profit margin: 5.0% (down from 5.1% in 3Q 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 8.5%, compared to a 10% growth forecast for the IT industry in Germany. Duyuru • Oct 10
GMO Internet, Inc. to Report Q3, 2020 Results on Nov 11, 2020 GMO Internet, Inc. announced that they will report Q3, 2020 results on Nov 11, 2020 
