GMO internet group, Inc.
9449・Prime Market・Information & Communication
Business
GMO Internet Group was founded in 1995 and comprises 150 consolidated subsidiaries as a comprehensive internet corporate group. Centered on internet infrastructure (domains, hosting, payments, e-commerce support), it operates across six business segments: security, advertising & media, finance, crypto assets, and incubation. Its primary customers are individuals, corporations, and local governments, and it provides one-stop services necessary for information dissemination and economic activity on the internet. In January 2025, the group transitioned to a pure holding company structure to strengthen group management functions. Revenue was ¥285,261 million (FY2025, ending December 2025).
Business Model
The core of revenue is stock-type infrastructure services such as domains, hosting, payments, and E-Commerce Support (revenue ¥175,708 million, segment profit ¥41,700 million). While the monthly subscription and transaction-based charging models generate stable cash flow, Internet Finance (FX/CFD), crypto asset exchange, and security services add multiple layers to revenue. The in-house development capabilities of group companies support cost advantages, and group synergies—including 9 listed subsidiaries—serve as a source of competitiveness.
Company Strengths
The Internet Infrastructure Business achieved revenue of ¥175,708 million (up 6.9% year on year) and segment profit of ¥41,700 million (up 21.4% year on year), marking a record-high performance for the 10th consecutive period. Led by the Payment Business (GMO Payment Gateway) (revenue of ¥83,655 million, up 11.2% year on year), all product lines—Domain, Hosting, and E-Commerce Support—continue to grow steadily under a stock-type revenue model.
The company holds one of the largest domestic customer bases across its business domains, with cumulative domain management of 14.24 million (up 48.5% year on year), 1,586 thousand OTC FX Trading Service accounts, and 775 thousand crypto asset exchange accounts. Listed subsidiaries such as GMO Payment Gateway and GMO GlobalSign each maintain top market share in their respective markets.
System development, maintenance, and operations are handled in-house across core businesses including Infrastructure, Finance, and Security. The company continues to invest in human capital, targeting an engineer/creator ratio of 60.0% (50.8% at the end of the current period). While achieving cost advantages through in-house development, the transition to a holding company structure in January 2025 has strengthened group management functions and improved decision-making speed.
ENVALITH's Perspective
Performance Trend
On a full-year basis, revenue expanded gradually from ¥241,446 million in FY2021 to ¥285,261 million in FY2025, while operating income improved substantially to ¥59,132 million in FY2025. Q1 FY2026 (January–March) accelerated further, with revenue of ¥81,604 million (up 13.3% year-on-year), business profit of ¥19,387 million (up 32.0% year-on-year), and operating income of ¥18,684 million (up 28.0% year-on-year). As an external factor, buoyant commodity markets for gold, crude oil, etc., along with price movements in stock indices, pushed CFD Trading Service revenue up more than threefold year-on-year, making the Internet Finance Business the primary driver of profit growth in business profit. The Internet Infrastructure Business achieved record quarterly results through autonomous growth. On the other hand, the external factor of a sluggish crypto asset market significantly depressed revenue in the Crypto Asset Business. No full-year earnings forecast has been disclosed.
Growth Strategy
Pursuing sustainable growth through three pillars: accelerating AI utilization, strengthening group synergies, and expanding globally
While continuing to expand the customer base for recurring-revenue products such as payments, domains, and hosting, the company is expanding high-value corporate products such as "GMO GPU Cloud," which captures AI demand. Revenue from the Cloud/Rental Server (Hosting) Business in Q1 FY2026 (ending March 2026) performed well, reaching ¥6,717 million (up 21.7% year on year).
The company is accelerating awareness through the "Net Security is GMO" project and expanding deployment of GMO Sign and GMO Sign Electronic Official Seal to government agencies and municipalities. The Cybersecurity Business performed well, with Q1 FY2026 (ending March 2026) revenue of ¥2,066 million (up 22.2% year on year), but promotional investment in Brand Security Service is weighing on profits, making profitability improvement a challenge.
In addition to the continued expansion of OTC FX Trading Service accounts to 1,599 thousand accounts (up 2.7% year on year), the company is promoting expansion of the CFD Trading Service product lineup and its monetization. In Q1 FY2026 (ending March 2026), CFD Trading Service revenue more than tripled year on year, setting a new quarterly record. High dependence on market conditions remains a challenge, and expanding the account base to achieve stable revenue is a strategic priority.
The number of trading accounts in the crypto asset exchange business grew steadily to 799 thousand accounts (up 9.5% year on year), reflecting solid expansion of the customer base. The Mining Center remains offline, limiting risk by curbing fixed costs. The company continues to build the foundation for revenue expansion when the market recovers. In Q1 FY2026 (ending March 2026), performance was weak due to sluggish market conditions, with revenue of ¥1,513 million (down 42.4% year on year).
Last updated: July 17, 2026