Financials GMO Payment Gateway, Inc.

Equities

3769

JP3385890003

Business Support Services

Market Closed - Japan Exchange Other stock markets 02:30:00 2025-07-10 am EDT			5-day change	1st Jan Change
8,696.00 ^JPY	-0.29%		-2.22%	+9.10%

May. 30	GMO Financial Gate to Transfer Listing to TSE Prime Market	MT
May. 29	GMO Financial Gate Gets Nod to Transfer Tokyo Bourse Listing to Prime Market	MT

Projected Income Statement: GMO Payment Gateway, Inc.

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	33,046	41,667	50,298	63,119	73,785	84,574	99,668	116,581
Change	-	26.09%	20.71%	25.49%	16.9%	14.62%	17.85%	16.97%
EBITDA ¹	11,909	14,884	18,397	22,725	28,535	34,472	41,497	50,550
Change	-	24.98%	23.61%	23.52%	25.56%	20.81%	20.38%	21.82%
EBIT ¹	10,388	12,987	16,249	20,312	25,187	30,689	37,515	45,893
Change	-	25.02%	25.12%	25%	24%	21.85%	22.24%	22.33%
Interest Paid ¹	-253	-202	-230	-804	-620	-914.3	-907.3	-907.3
Earnings before Tax (EBT) ¹	10,989	13,285	34,756	20,636	27,504	30,902	37,680	46,132
Change	-	20.89%	161.62%	-40.63%	33.28%	12.35%	21.93%	22.43%
Net income ¹	7,624	8,818	24,152	13,475	18,705	19,988	24,564	30,037
Change	-	15.66%	173.89%	-44.21%	38.81%	6.86%	22.89%	22.28%
Announcement Date	11/11/20	11/11/21	11/14/22	11/13/23	11/12/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: September	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	5,732	8,928	9,767	10,121	10,647	11,132	11,857	12,202	12,897	13,342	14,813	15,641	16,546	16,119	17,785	18,314	18,097	19,589	20,295	20,462	20,833	22,769	23,695	22,996
Change	-	55.76%	9.4%	3.62%	5.2%	4.56%	6.51%	2.91%	5.7%	3.45%	11.03%	5.59%	5.79%	-2.58%	10.34%	2.97%	-1.18%	8.24%	3.6%	0.82%	1.81%	9.29%	4.07%	-2.95%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	3,074	2,610	3,122	3,471	3,629	2,765	4,116	4,160	4,512	3,461	5,090	5,260	5,672	4,290	5,830	6,822	6,866	5,669	7,254	8,060	7,941	7,397	8,687	9,082
Change	-	-15.09%	19.62%	11.18%	4.55%	-23.81%	48.86%	1.07%	8.46%	-23.29%	47.07%	3.34%	7.83%	-24.37%	35.9%	17.02%	0.64%	-17.43%	27.96%	11.11%	-1.48%	-6.85%	17.44%	4.55%
Charge d'intérêts	-60	-	-69	-	-41	-	-55	-	-57	-	-614	-	-73	-	-233	-	-40	-	-107	-	-	-	-	-
Earnings before Tax (EBT) ¹	3,166	2,576	3,038	3,600	3,888	2,759	4,299	4,392	21,809	4,256	4,687	5,169	6,098	4,682	5,919	7,199	8,760	5,626	7,587	8,165	7,744	7,457	-	-
Change	-	-18.64%	17.93%	18.5%	8%	-29.04%	55.82%	2.16%	396.56%	-80.49%	10.13%	10.28%	17.97%	-23.22%	26.42%	21.63%	21.68%	-35.78%	34.86%	7.62%	-5.15%	-3.71%	-	-
Net income ¹	2,342	1,874	1,704	2,465	2,768	1,881	2,517	3,001	15,611	3,023	2,447	3,682	4,386	2,960	3,447	-	5,921	-	4,564	5,285	5,286	5,480	-	-
Change	-	-19.98%	-9.07%	44.66%	12.29%	-32.04%	33.81%	19.23%	420.19%	-80.64%	-19.05%	50.47%	19.12%	-32.51%	16.45%	-	-	-	-	15.8%	0.01%	3.69%	-	-
Announcement Date	8/11/20	11/11/20	2/10/21	5/12/21	8/10/21	11/11/21	2/10/22	5/12/22	8/8/22	11/14/22	2/13/23	5/11/23	8/9/23	11/13/23	2/13/24	5/10/24	8/8/24	11/12/24	2/12/25	5/14/25	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: September	2021 S1	2022 S1	2022 S2	2023 S1	2024 S1	2025 S1	2025 S2
Net sales ¹	19,888	24,059	26,239	30,454	36,099	40,757	43,900
Change	-	20.97%	9.06%	16.06%	18.54%	12.9%	7.71%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	6,593	8,276	7,973	10,350	12,652	15,314	15,300
Change	-	25.53%	-3.66%	29.81%	22.24%	21.04%	-0.09%
Charge d'intérêts	-105	-112	-	-953	-266	-242	-
Earnings before Tax (EBT)	6,638	8,691	-	9,856	13,118	15,752	-
Change	-	30.93%	-	-	33.1%	20.08%	-
Net income	4,169	5,518	-	6,129	8,328	9,849	-
Change	-	32.36%	-	-	35.88%	18.26%	-
Announcement Date	5/12/21	5/12/22	11/14/22	5/11/23	5/10/24	5/14/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: GMO Payment Gateway, Inc.

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-60,085	-89,365	-90,968	-104,308	-144,704	-142,675	-149,460	-166,387
Change	-	-48.73%	-1.79%	-14.66%	-38.73%	1.4%	-4.76%	-11.33%
Announcement Date	11/11/20	11/11/21	11/14/22	11/13/23	11/12/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: GMO Payment Gateway, Inc.

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,971	1,923	2,971	4,628	4,447	4,255	4,290	4,306
Change	-	-61.32%	54.52%	55.77%	-3.91%	-4.31%	0.81%	0.39%
Free Cash Flow (FCF) ¹	44,217	-8,574	5,212	23,891	44,241	28,852	21,236	26,472
Change	-	-119.39%	160.79%	358.34%	85.18%	-34.78%	-26.4%	24.66%
Announcement Date	11/11/20	11/11/21	11/14/22	11/13/23	11/12/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: GMO Payment Gateway, Inc.

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	36.04%	35.72%	36.58%	36%	38.67%	40.76%	41.64%	43.36%
EBIT Margin (%)	31.43%	31.17%	32.31%	32.18%	34.14%	36.29%	37.64%	39.37%
EBT Margin (%)	33.25%	31.88%	69.1%	32.69%	37.28%	36.54%	37.81%	39.57%
Net margin (%)	23.07%	21.16%	48.02%	21.35%	25.35%	23.63%	24.65%	25.76%
FCF margin (%)	133.8%	-20.58%	10.36%	37.85%	59.96%	34.11%	21.31%	22.71%
FCF / Net Income (%)	579.97%	-97.24%	21.58%	177.3%	236.52%	144.35%	86.45%	88.13%
Profitability
ROA	6.62%	6.52%	14.22%	7.3%	8.63%	5.95%	6.54%	7.22%
ROE	26.2%	20.1%	33.8%	15%	19.2%	18.59%	20.43%	22%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	15.04%	4.61%	5.91%	7.33%	6.03%	5.03%	4.3%	3.69%
CAPEX / EBITDA (%)	41.74%	12.92%	16.15%	20.36%	15.58%	12.34%	10.34%	8.52%
CAPEX / FCF (%)	11.24%	-22.42%	56.99%	19.37%	10.05%	14.75%	20.2%	16.27%
Items per share
Cash flow per share ¹	124.3	143.3	346.8	209.5	652.3	424.7	214.7	258.5
Change	-	15.34%	141.94%	-39.59%	211.36%	-34.89%	-49.45%	20.4%
Dividend per Share ¹	52	59	160	89	124	130.8	157.3	190.2
Change	-	13.46%	171.19%	-44.38%	39.33%	5.47%	20.28%	20.9%
Book Value Per Share ¹	431.2	736.3	1,149	1,217	1,357	1,511	1,718	1,976
Change	-	70.75%	56.01%	5.91%	11.5%	11.39%	13.67%	15.01%
EPS ¹	103.6	118	318.4	177.7	246.6	263.5	323.8	396
Change	-	13.86%	169.92%	-44.2%	38.8%	6.86%	22.89%	22.29%
Nbr of stocks (in thousands)	73,586	75,843	75,843	75,842	75,848	75,854	75,854	75,854
Announcement Date	11/11/20	11/11/21	11/14/22	11/13/23	11/12/24	-	-	-