Press Release

August 7, 2020

GMO Payment Gateway, Inc. President and CEO Issei Ainoura (TSE First Section; Security code 3769)

Executive Vice President Ryu Muramatsu (TEL. 03-3464-0182)

Notice Regarding Revision to Guidance for Fiscal Year Ending September 2020

GMO Payment Gateway, Inc. has revised its consolidated earnings forecast announced on November 12, 2019 for the Fiscal Year ended September 2020 (from October 1, 2019 to September 30, 2020).

1. Revision to the Consolidated Earnings Forecast for Fiscal Year Ended September 30, 2020

Profit

Profit

Basic

Operating

before

attributable

Revenues

Profit

earnings

Profit

income

to owners of

per share

taxes

parent

Mil.

Mil.

Mil.

Mil.

Mil.

Yen

Previous Forecast (A)

36,618

10,376

9,867

6,216

6,110

83.06

Current Forecast (B)

31,418

10,376

9,867

6,216

6,110

83.06

In/Decrease (B-A)

△5,200

-

-

-

-

-

In/Decrease (%)

△14.2

-

-

-

-

-

(Reference)

Previous Term

26,922

9,562

9,297

5,052

5,267

71.61

  • (Reference) Previous Term: The figures for fiscal year ending September 2019 are restated to exclude discontinued operations.

2. Reasons for changes to earnings forecast

As announced in the press released dated May 19, 2020 titled "Updated Notice Concerning Waiver of Claims to a Consolidated Subsidiary and Transfer of Shares due to the Transfer of the same Consolidated Subsidiary", Macro Kiosk has been deconsolidated on May 2020, and reclassified as a discontinued operations. As a result, we have revised the earnings forecast for Fiscal Year ending September 30, 2020 due to restating the revenue, operating profit

and, profit before income taxes to exclude the discontinued operations and only state the continuing operations.

As a result, revenue has been revised downwards, but there are no changes to the profit figures compared to the previous forecast, as the impact from this revision is minimal. Also note that current operating profit forecast of 10,376 mil. is an 8.5% YoY increase compared to previous year's reference operating profit. However, it would be a 25.0% YoY increase compared to previous year's operating profit of 8,301 mil. including discontinued operations.

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GMO Payment Gateway Inc. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 08:43:24 UTC