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Internet for Everyone

We would like to thank our shareholders for their continued support of GMO Internet Group.

Since its establishment as an Internet business in 1995, the GMO Internet Group has operated under the corporate catchphrase "Internet for Everyone." We have concentrated our resources on developing Internet infrastructure, aiming to make the Internet richer and more convenient. With the goal of becoming a corporate group that will continue for centuries, we are united in our efforts to create new Internet culture and industry, as well as our customers' "smiles" and " inspiration." We are dedicated to contributing to society and people through our business endeavors.

Solid recurring revenues earnings drove performance

In FY 2023, our core infrastructure business and financial business posted the highest　consolidated results, coming in close to the previous year's results. The infrastructure business posted its highest performance for the eighth consecutive fiscal year thanks to the accumulation of solid recurring revenues from “Indispensable products that will not disappear and　recurring revenue business model” such as domain names, cloud hosting, security, EC platforms, payment settlement, and access. In addition, the financial business posted its highest performance, thanks to improved FX revenues.

Regarding shareholder returns, the Company's basic policy is to target a total return ratio of 50%, with (1) a dividend payout ratio target of 33% or more of net income, and (2) share repurchase targets of 50% of net income minus total dividends, to be implemented flexibly according to share price levels, taking into consideration the overall performance and financial standing of the Company. The Company's basic policy is to implement share repurchases in a flexible manner in accordance with share price levels, while comprehensively taking into consideration its performance and financial position. Regarding the repurchase and cancellation of treasury stock, we believe that repurchasing and cancelling the 38.35 million shares we issued at the time of our withdrawal from the loan credit business in 2006-2007 to increase capital is an appropriate way to return profits to our shareholders, and we will do so in a straightforward and solemn manner.

We aim to achieve sustainable growth by combining the solid recurring revenues of the infrastructure business and the highly profitable financial business, and will also link this to further growth by “visualizing the results” of AI investment and utilization throughout the year under the policy of “Becoming the No.1 Corporate Group Pioneering the Future with AI”.

We would like to ask our shareholders and investors for their continued understanding and support.

As of 3/2024

Sincerely

Masatoshi Kumagai

Founder, Chairman and Group CEO