GMO Internet: 3rd Quarter Transcription | Wbactive


GMO Internet Group, Inc.

Third quarter financial results briefing for the year ended December 2022

November 14, 2022

Summary of the event

[Company Name]

GMO Internet Group, Inc.

[Company ID]

9449-QCODE

[Event Language]

JPN

[Event Type]

profit announcement

[Event Name]

Third quarter financial results briefing for the year ended December 2022

[Fiscal Period]

FY2022 Q3

[Date]

November 14, 2022

[Number of Pages]

41

[Time]

15:30 – 16:03

(Total: 33 minutes, Presentation: 33 minutes)

[Venue]

web cast

[Venue Size]

[Participants]

[Number of Speakers]

2

Masashi Yasuda

Director, Executive Vice President and Group

CFO, Deputy Group CEO

Noriko Inagaki

Group Executive Officer, General Manager of

Group Treasury Department

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1

presentation

moderation: Hello, everyone. Thank you for attending GMO Internet Group, Inc.’s third quarter financial results presentation today.

I will introduce you to the participants of today’s presentation. Group Vice President and CFO, Masashi Yasuda; and Noriko Inagaki, Group Executive Officer and General Manager of the Group Financial Department, will be present at this quarterly presentation.

Today I will provide an overview of the financial results followed by a question and answer session.

Before the presentation, I will explain the changes in the recording rules.

The revenue recognition accounting standard will be applied from the current financial year, resulting in a change in the rules for recognizing net revenue.

In this material, the numbers before the rule change are presented as the old standard, and those after the rule change are presented as the new standard. Our approach to net sales and operating income is described here.

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2

Now, to accurately reflect the company’s year-on-year situation, we use the old standard as the same benchmark and compare the affected segments, namely Consolidation, Infrastructure and Online Advertising & Media.

A comparison of the old and new standards can be found in the appendix. In addition, comparison calculations are carried out in old and new standards for minimally affected segments.

Our CFO, Yasuda, will now explain the situation to you.

Yasuda: My name is Yasuda and I am the CFO of GMO Internet Group. Thank you for attending the presentation of our financial results for the third quarter of the year ended December 31, 2022. I am pleased to meet you all.

As our fiscal year ends in December, I will review our financial results for the period July through September. Today’s agenda is as shown.

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First, here is the summary of the financial results.

The figures based on the old standard, highlighted in blue in the middle, show sales of JPY 65.2 billion, operating profit of JPY 6.8 billion and ordinary income of JPY 8.7 billion. As for the final profit, there was a net loss of JPY1.8 billion due to extraordinary loss in GMO Aozora Net Bank shares.

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duty free

0120.966.744

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4

This is an excerpt of the original content. To read it further, access the original document here.

Disclaimer

GMO Internet Inc. published this content on November 18, 2022 and is solely responsible for the information contained therein. Distributed by the public, unedited and unmodified, on 18 November 2022 07:18:07 UTC.

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Sale 2022 241B
1 716 million
1 716 million
Net Income 2022 21 464 m
153 million
153 million
Net Debt 2022 52 879 m
376 million
376 million
P/E 2022 13.1x
Yield 2022 2.56%
capitalization 277B
1 968 million
1 968 million
EV / Sale 2022 1.37x
EV / Sale 2023 1.22x
number of employees 5 758
free float 54.4%

Diagram GMO INTERNET GROUP, INC.


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GMO Internet Group, Inc. Technical Analysis Chart |  MarketScreener

Technical Analysis Trends GMO INTERNET GROUP, INC.

Short term medium term long term
tendencies Neutral bullish Neutral

Development of the income statement

To sell

Obtain

Medium consensus STOP
Number of Analysts 8th
Last closing price 2,593.00 JPY
Average target price 2,990.00 JPY
Spread / Average Target 15.3%


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