GMO internet (9449) investor relations material

Executive summary

• Achieved record-high Q2 and H1 revenue and business profit, with Q2 business profit at JPY 15.5B (+2.5% YoY) and H1 business profit at JPY 34.98B (+17.0% YoY), driven by strong recurring revenue in infrastructure and finance segments, despite temporary setbacks in FX, cryptoassets, and one-time costs.

• Net profit saw double-digit growth year-over-year, mainly due to equity share from GMO Aozora Net Bank, with H1 net profit at JPY 11.6B (+12.4% YoY).

• Strategic focus on Physical AI, cybersecurity, and AI banking as new growth drivers, with significant investments and partnerships announced.

• Growth was partially offset by weaker FX and cryptoassets, one-time costs, new business investments, and tax expenses from share sales.

• Total comprehensive income surged 143.2% year-over-year to JPY 29.68B.

Financial highlights

• Q2 revenue: JPY 77.0B (+9.0% YoY); business profit: JPY 15.5B (+2.5% YoY); operating profit: JPY 15.5B (+6.1% YoY); net profit: JPY 5.3B (+11.1% YoY).

• H1 revenue: JPY 158.65B (+11.2% YoY); business profit: JPY 34.98B (+17.0% YoY); operating profit: JPY 34.2B (+17.1% YoY); net profit: JPY 11.6B (+12.4% YoY).

• Infrastructure segment revenue hit JPY 48.8B (+13.9% YoY) and business profit JPY 12.8B (+25.8% YoY), both record highs.

• Dividend per share for the six months ended June 30, 2026, set at JPY 21.20, up from JPY 17.60 in the prior year.

• Share buyback of up to JPY 30B announced, the largest in group history.

Outlook and guidance

• Expect recovery from temporary profit declines in security and ad/media segments within the year.

• Continued investment in GPU Cloud, Physical AI, and security to drive mid- to long-term growth.

• Ongoing focus on expanding recurring revenue and leveraging AI and robotics for future growth.

• No consolidated business results or full-year dividend forecast disclosed due to market uncertainties.