The earnings call highlighted strong performance in the Infrastructure and Crypto Assets segments, and an increase in shareholder returns, but faced significant challenges in the Finance segment, especially due to the provision in the Thai Securities business, and declines in the Advertising and Media segment.
Company Guidance
During the Q2 2024 earnings call for GMO Internet Group, executives Masashi Yasuda and Noriko Inagaki provided detailed guidance, highlighting several metrics. The Infrastructure segment reached a quarterly high in net sales with operating profit exceeding JPY 9 billion for the third consecutive quarter, driven by solid recurring revenues. In contrast, the Finance segment recorded losses due to a JPY 4.5 billion provision for doubtful accounts in the Thai Securities business, prompting the termination of margin trading services there. The crypto assets segment showed profitability for the third consecutive quarter, buoyed by increased trading volume and exchange business revenue. The company is maintaining a total shareholder return ratio of 50%, with a Q2 dividend of JPY 6.9 per share, and announced an increase in the share repurchase limit to JPY 5 billion. Additionally, GMO Internet outlined its 55-year plan aiming for JPY 10 trillion in sales and JPY 1 trillion in profit by 2051, with a focus on embracing AI and robotics as key growth drivers.
Infrastructure Segment Performance
Net sales in the Infrastructure segment achieved a quarterly high with recurring revenues and operating profit exceeding JPY 9 billion for the third consecutive quarter.
Crypto Assets Turnaround
The crypto assets segment recorded profit for the third consecutive quarter due to increased trading volume and revenue from GMO Coin's exchange business.
Shareholder Returns Increase
The company announced an increase in the maximum amount of share buybacks to JPY 5 billion, exceeding the 50% total return ratio.
Expansion of Security Business
Progress in the security business with emphasis on encryption security, cybersecurity, and brand security, leading to the #1 position in Japan for GMO Sign's e-contract accounts.
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GMO Internet (JP:9449) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:9449 Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2024
¥2671.04
¥2718.32
+1.77%
Aug 08, 2024
¥2087.38
¥2128.06
+1.95%
May 10, 2024
¥2508.04
¥2522.89
+0.59%
Feb 13, 2024
¥2567.94
¥2551.22
-0.65%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GMO Internet Inc (JP:9449) report earnings?
GMO Internet Inc (JP:9449) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is GMO Internet Inc (JP:9449) earnings time?
GMO Internet Inc (JP:9449) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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