Q3 Financial Results Briefing for the Fiscal Year Ending December 2022
November 14, 2022
Event Summary
[Company Name]
GMO Internet Group, Inc.
[Company ID]
9449-QCODE
[Event Language]
JPN
[Event Type]
Earnings Announcement
[Event Name]
Q3 Financial Results Briefing for the Fiscal Year Ending 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]
Webcast
[Venue Size]
[Participants]
[Number of Speakers]
2
Masashi Yasuda
Director, Executive Vice President and Group
CFO, Deputy to Group CEO
Noriko Inagaki
Group Executive Officer, General Manager of
Group Financial Department
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Presentation
Moderator: Hello, everyone. Thank you very much for participating in GMO Internet Group, Inc.'s Q3 financial results presentation today.
I will introduce you to the attendees of today's presentation. Group Vice President and CFO, Masashi Yasuda; and Group Executive Officer and General Manager of Group Financial Department, Noriko Inagaki, 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 to the recording rules.
The accounting standard for revenue recognition has been applied from the current fiscal year, resulting in a change in rules for recording net sales.
In this material, figures before the rule change are shown as the old standard, whereas those after the implementation as the new standard. Our approach to net sales and operating income is described here.
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Now, to accurately convey the situation of the business on a YoY comparison basis, we will use the old standard as the same yardstick and compare the affected segments, namely consolidated, infrastructure, and online advertising & media.
A comparison of the old and new standards can be found in the appendix. In addition, comparative calculations are made in old and new standards for segments that were minimally affected.
Our CFO, Yasuda, will now explain the situation.
Yasuda: My name is Yasuda, and I'm the CFO of GMO Internet Group. Thank you for participating in the presentation of our financial results for Q3 of the fiscal year ending December 31, 2022. I am happy to meet you all.
Since our fiscal year ends in December, I will explain our financial results for the period from July to 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 center, indicate sales of JPY65.2 billion, operating income of JPY6.8 billion, and ordinary income of JPY8.7 billion. As for final profit, there was a net loss of JPY1.8 billion due to an extraordinary loss on GMO Aozora Net Bank shares.
Support
Japan
050.5212.7790
North America
1.800.674.8375
Tollfree
0120.966.744
Email Support
support@scriptsasia.com
4
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Disclaimer
GMO Internet Inc. published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 07:18:07 UTC.
GMO Internet Group Inc, formerly GMO Internet Inc, is engaged in Internet infrastructure business, Internet advertising and media business, Internet finance business, crypto asset business and incubation business. The Company operates through five segments. The Internet Infrastructure segment is engaged in domain business, cloud hosting business, electronic commerce (EC) support business, security business, and access business. The Internet Advertising and Media segment is engaged in Internet advertising business, Internet media business, and Internet research business. The Internet Finance segment provides financial instruments trading services such as online securities trading services and foreign exchange margin trading services. The Crypto Asset segment is engaged in the business related to crypto asset exchange and mining. The Incubation segment invests in unlisted companies, mainly Internet-related companies. The Company is also engaged in the mobile entertainment business.