GMO internet (9449) Q1 2026 earnings summary

Executive summary

• Revenue rose 13.3% year-over-year to ¥81.6 billion for Q1 FY2026, with business profit up 32% to ¥19.3 billion and operating profit up 28% to ¥18.6 billion, driven by record results in Infrastructure and Finance segments.

• Transitioned to IFRS reporting, introducing business profit as a new KPI for improved transparency and comparability.

• AI and robotics initiatives, including humanoid deployment and new R&D centers, are positioned as mid- to long-term growth drivers.

• Completed public and secondary offerings, raising capital for GPU Cloud business and maintaining Prime Market listing compliance.

• Comprehensive income surged to ¥13,217 million from ¥3,365 million a year earlier.

Financial highlights

• Revenue: ¥81.6 billion (+13.3% YoY); Business Profit: ¥19.3 billion (+32.0% YoY); Operating Profit: ¥18.6 billion (+28.0% YoY); Net Profit: ¥6.3 billion (+13.5% YoY).

• Infrastructure segment revenue up 11.8% YoY to ¥47.7 billion; business profit up 24.3% YoY to ¥12.3 billion, driven by payment and cloud services.

• Financial segment revenue up 37.1% YoY to ¥14.3 billion; business profit up 79.9% YoY to ¥6.5 billion, with strong CFD trading offsetting weaker FX.

• Security segment revenue up 15.5% YoY to ¥6.2 billion; business profit down 9.6% YoY to ¥0.36 billion due to strategic investments.

• Cryptoassets revenue down 42.4% YoY to ¥1.5 billion; business profit down 78.9% YoY to ¥0.21 billion, reflecting market weakness.

Outlook and guidance

• Targeting 15%+ annual operating profit growth, with AI and robotics as key mid- to long-term growth drivers.

• No consolidated results or dividend forecast disclosed due to market volatility in Finance, Cryptoassets, and Incubation segments.

• Plans to increase revenue and operating profit in 2026, mainly in Infrastructure, but significant uncertainties remain.