GMO internet group, Inc.
9449・Prime Market・Information & Communication
Internet Infrastructure Business
Stock-type infrastructure business underpinning the GMO Group's revenue base. Renewed quarterly record results.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (segment total) | ¥47,735 million (Q1 FY2026, ending December 2026) | ¥42,697 million (Q1 FY2025, ending December 2025) | ↑ |
| Operating income | ¥12,323 million (Q1 FY2026, ending December 2026) | ¥9,910 million (Q1 FY2025, ending December 2025) | ↑ |
| Cumulative number of managed domains (period-end) | 14.76 million (end of March 2026) | 14.24 million (end of December 2025) | ↑ |
| Number of contracted internet connection lines (period-end) | 2.13 million (end of March 2026) | 2.15 million (end of December 2025) | ↓ |
| Payment Business revenue | ¥23,321 million (Q1 FY2026, ending December 2026) | ¥20,190 million (Q1 FY2025, ending December 2025) | ↑ |
| Number of Cloud/Rental Server contracts (period-end) | 1.07 million (end of March 2026) | Down 3.1% year on year | ↓ |
| Number of paid E-Commerce Support stores (period-end) | 43 thousand (end of March 2026) | Down 7.6% year on year | ↓ |
Business Details
Comprises five businesses: Domain, Cloud/Rental Server (Hosting), E-Commerce Support, Payment, and Internet Connection (ISP). Provides a one-stop foundation for information distribution and economic activity on the internet for individuals, corporations, and local governments. Its main products all hold the top domestic market share, and most operate on a stock-type revenue model. Stable, bedrock stock-type revenue capable of withstanding economic uncertainty continued to trend steadily, and the segment renewed its quarterly record results in Q1 FY2026 (ending March 2026).
Recent Overview
Renewed quarterly record results in Q1 FY2026. Revenue of ¥47,735 million (up 11.8% year on year), operating income of ¥12,323 million (up 24.3% year on year).
The Payment Business led growth, with revenue of ¥23,321 million (up 15.5% year on year) driven by the expansion of the cashless market and the spread of 'stera' terminals. The Cloud/Rental Server Business saw revenue of ¥6,717 million (up 21.7% year on year) on the strength of corporate-oriented products such as 'GMO GPU Cloud'. In the E-Commerce Support Business, although the number of paid stores declined, revenue increased on the back of a shift toward higher-priced plans and expanding gross merchandise value (¥157.6 billion, up 15.0% year on year). In the Domain Business, the customer base expanded, with the cumulative number of managed domains reaching 14.76 million (up 57.2% year on year). In the Internet Connection Business, the number of contracted lines continued its declining trend to 2.13 million (down 2.6% year on year), though revenue remained flat.
Key Products
Growth Drivers
- Increased transactions in the Payment Business driven by the cashless shift and expansion of the e-commerce market (Q1 FY2026 revenue of ¥23,321 million, up 15.5% year on year)
- Favorable trend in high-unit-price corporate-oriented products (including GPU Cloud) in the Cloud/Rental Server Business (Q1 FY2026 revenue of ¥6,717 million, up 21.7% year on year)
- Expansion of gross merchandise value in the E-Commerce Support Business (¥157.6 billion, up 15.0% year on year) and progress in shifting to higher-priced plans
- Expansion of the customer base in the Domain Business through a low-price strategy (cumulative number of managed domains of 14.76 million, up 57.2% year on year)
- Growing demand for internet infrastructure amid the ongoing AI and robotics revolution, and expansion of new products such as GPU hosting
Risks
- Declining trend in the number of contracted lines in the Internet Connection (ISP) Business (2.13 million, down 2.6% year on year) and reduced profitability due to sales mix changes
- Decrease in the number of paid stores in the E-Commerce Support Business (43 thousand, down 7.6% year on year)
- Decrease in the number of contracts in the Cloud/Rental Server Business (1.07 million, down 3.1% year on year) and intensifying competition
- Downward pressure on unit prices in the Domain Business due to dependence on specific customers' low-price, large-volume registrations
- Risk of rising costs associated with increased capital expenditure on AI and cloud infrastructure
Last updated: March 23, 2026