- JP-listed companies
- GMO internet group, Inc.
GMO internet group, Inc.JP:9449
Market cap
¥264.4B
P/E ratio
10.1x
| Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | |
| Profit (loss) before income taxes | 9,447 | 10,360 | 12,575 | 25,148 | 16,826 | 16,124 | -16,975 | 22,621 | 29,926 | 43,715 | 57,660 | 42,983 |
| Depreciation | 3,054 | 4,486 | 4,487 | 4,409 | 4,528 | 5,091 | 8,369 | 6,888 | 8,053 | 8,817 | 11,339 | 11,646 |
| Impairment losses | 107 | 581 | 1,260 | 1,925 | 502 | 932 | 1,385 | 2,476 | 3,787 | 725 | 3,290 | 1,907 |
| Amortization of goodwill | 1,294 | 1,341 | 1,635 | 1,502 | 730 | 790 | 584 | 364 | 605 | 699 | 2,327 | 1,934 |
| Interest and dividend income | -67 | -39 | -59 | -109 | -107 | -154 | -436 | -231 | -377 | -989 | -1,683 | -2,529 |
| Interest expenses | 331 | 329 | 294 | 163 | 121 | 165 | 310 | 190 | 390 | 500 | 2,480 | 4,196 |
| Loss (gain) of derivatives-OpeCF | - | - | - | - | - | - | - | - | - | - | 648 | 96 |
| Commission expenses | - | - | - | - | - | - | - | - | - | 76 | 477 | 558 |
| Bond issuance costs | - | - | - | - | - | - | - | - | - | 267 | 32 | 466 |
| Share of loss (profit) of entities accounted for using equity method | - | - | - | - | 126 | 411 | 829 | 877 | 760 | 693 | 414 | 1,174 |
| Loss (gain) on investments in investment partnerships | - | - | - | - | - | - | - | - | - | -462 | -195 | -506 |
| Loss (gain) on valuation of investment securities | - | - | - | - | - | - | 136 | 619 | 1,143 | 30 | 507 | 994 |
| Loss (gain) on sale of investment securities | -147 | -647 | -43 | -164 | -209 | -39 | -739 | -57 | -7,796 | -1,033 | -21,127 | -3,784 |
| Increase (decrease) in allowance for doubtful accounts | -20 | -64 | 79 | 393 | 280 | 1,978 | 3,276 | 439 | -3,308 | 482 | 4,705 | 5,413 |
| Increase (decrease) in reserve for financial products transaction liabilities | 171 | 620 | 518 | 415 | -219 | -258 | -316 | -355 | -38 | -268 | 25 | -7 |
| Increase (decrease) in provision for bonuses | -151 | 20 | -81 | 962 | -516 | 71 | 1,364 | -628 | 1,965 | 622 | -1,607 | -10 |
| Increase (decrease) in provision for contract loss | - | - | - | - | - | - | - | - | - | - | 6,341 | -6,341 |
| Decrease (increase) in trade receivables | -443 | -1,198 | -408 | -2,186 | -1,343 | -630 | -2,808 | 590 | -1,448 | -2,361 | 2,110 | -1,403 |
| Increase (decrease) in trade payables | 221 | 532 | 40 | -670 | -5,243 | -9,320 | -4,608 | -14,433 | -4,944 | -5,089 | -9,230 | -7,248 |
| Increase (decrease) in accounts payable - other | 2,108 | 1,003 | 1,944 | 2,379 | 8,921 | 4,714 | 10,285 | 301 | 4,427 | 3,848 | 844 | 4,604 |
| Increase (decrease) in deposits received | 1,484 | 5,166 | 3,151 | 8,154 | 6,716 | 10,052 | 8,419 | 20,494 | 31,092 | 3,202 | 11,742 | 7,505 |
| Decrease (increase) in cash segregated as deposits related to securities business | -45,685 | -73,638 | -31,428 | -26,913 | -1,586 | -30,366 | 17,151 | -38,340 | -64,126 | -12,599 | -7,989 | -25,510 |
| Decrease (increase) in short-term guarantee deposits related to securities business | 5,695 | -4,867 | -7,687 | -15,169 | 4,282 | -5,731 | -10,583 | 3,882 | -9,855 | -6,059 | -6,113 | 3,256 |
| Decrease (increase) in variation margin paid related to securities business | 2,494 | -2,208 | 3,247 | -15,175 | -89 | -2,203 | -12,093 | 268 | -12,456 | 628 | -20,125 | -3,413 |
| Increase (decrease) in deposits received and guarantee deposits received from customers related to securities business | 39,665 | 87,113 | 27,837 | 42,268 | 2,574 | 41,989 | 2,934 | 38,167 | 65,059 | 6,668 | 33,457 | 13,982 |
| Decrease/increase in assets/liabilities for margin transaction for securities business | - | - | - | - | - | -28,338 | 8,638 | -6,193 | -9,487 | -31,941 | -2,957 | 15,357 |
| Increase (decrease) in loans payable secured by securities for securities business | - | - | - | - | 2,134 | 20,648 | -10,068 | 2,135 | 6,720 | -956 | 5,619 | -10,535 |
| Decrease (increase) in loan secured by securities for securities business | - | - | - | - | - | - | -7,558 | -1,973 | -172 | 77 | -3,069 | 163 |
| Increase decrease in cript asset subtotal | - | - | - | - | - | - | - | -2,154 | -5,679 | - | 11,565 | -12,315 |
| Other, net | -4,054 | -1,926 | -873 | -4,735 | -11,876 | -13,931 | -11,963 | -11,517 | 9,292 | -10,824 | -35,748 | -11,127 |
| Subtotal | 16,317 | 17,838 | 18,303 | -6,635 | 13,970 | 12,282 | 20,875 | 23,078 | 43,967 | -8,362 | 45,741 | 31,508 |
| Interest and dividends received | 45 | 41 | 59 | 115 | 113 | 209 | 453 | 204 | 278 | 724 | 1,115 | 2,875 |
| Interest paid | -331 | -330 | -291 | -472 | -449 | -478 | -679 | -781 | -1,140 | -1,548 | -2,518 | -4,189 |
| Income taxes paid | -2,308 | -3,393 | -3,561 | -5,632 | -10,516 | -6,271 | -7,508 | -14,908 | -4,827 | -14,597 | -18,697 | -15,279 |
| Net cash provided by (used in) operating activities | 13,722 | 14,156 | 14,509 | -12,624 | 3,118 | 5,481 | 13,127 | 7,502 | 38,277 | -23,783 | 25,641 | 14,914 |
| Payments into time deposits | -580 | -900 | -750 | -160 | - | -5,109 | -206 | -247 | -1,410 | -2,438 | -10,813 | -9,999 |
| Proceeds from withdrawal of time deposits | 250 | 100 | - | 3,623 | 900 | 4,197 | 906 | 144 | 108 | 2,061 | 2,279 | 23,547 |
| Purchase of property, plant and equipment | -1,383 | -1,425 | -804 | -1,045 | -1,541 | -2,770 | -24,464 | -7,122 | -3,506 | -4,690 | -4,316 | -15,726 |
| Purchase of intangible assets | -1,881 | -1,460 | -2,593 | -2,228 | -7,371 | -8,234 | -4,408 | -4,052 | -3,980 | -3,806 | -6,085 | -6,715 |
| Purchase of investment securities | -134 | -622 | -718 | -2,486 | -4,047 | -474 | -465 | -3,003 | -10,319 | -9,955 | -3,938 | -26,636 |
| Proceeds from sale of investment securities | 186 | 1,395 | 285 | 248 | 253 | 73 | 774 | 130 | 1,034 | 11,191 | 24,509 | 20,666 |
| Purchase of shares of subsidiaries resulting in change in scope of consolidation | - | - | - | - | - | - | -69 | -1,771 | - | -16,066 | -6,561 | -55 |
| Loan advances | - | - | - | - | - | -517 | -1,810 | -88 | -1,646 | -5 | -1,305 | -883 |
| Proceeds from collection of loans receivable | - | - | - | - | - | - | - | 4 | 1,619 | 67 | 1,621 | 147 |
| Payments of guarantee deposits | - | - | - | - | - | - | -278 | -5,918 | -3,509 | -5,862 | -5,489 | -1,669 |
| Proceeds from refund of guarantee deposits | - | - | - | - | - | - | - | 87 | 5,643 | 5,951 | 7,087 | 1,004 |
| Other, net | -44 | 205 | -231 | -323 | 134 | -436 | 123 | 312 | 940 | 145 | 184 | -43 |
| Net cash provided by (used in) investing activities | -3,093 | -3,851 | -5,515 | 12,774 | -11,204 | -13,212 | -29,899 | -21,617 | -15,995 | -51,765 | -2,828 | -16,363 |
| Net increase (decrease) in short-term borrowings | - | - | - | - | 26,300 | 28,313 | -13,701 | 42,403 | 55,358 | -6,121 | 34,187 | -19,847 |
| Proceeds from long-term borrowings | 6,450 | 2,000 | 7 | 2,004 | 8,600 | 16,135 | 17,190 | 7,363 | 8,709 | 79,328 | 62,270 | 61,700 |
| Repayments of long-term borrowings | -2,732 | -5,393 | -3,292 | -9,781 | -685 | -3,313 | -25,804 | -6,035 | -5,747 | -36,524 | -10,262 | -21,518 |
| Proceeds from issuance of bonds | - | - | - | 2,600 | - | - | - | - | - | 44,808 | 5,967 | 59,336 |
| Redemption of bonds | - | - | - | - | -2,600 | - | - | - | - | - | - | -100 |
| Repayments of installment payables and lease obligations | -1,261 | -1,670 | -1,820 | -1,791 | -1,869 | -1,789 | -1,787 | -2,181 | -2,356 | -1,029 | -1,785 | -1,969 |
| Proceeds from partnership | - | 1,000 | 510 | 1,015 | 880 | 1,135 | 1,635 | 1,700 | - | 877 | 2,281 | 772 |
| Repayment for distribution of investment in partnerships | -157 | -213 | -25 | -1,077 | -283 | -202 | -1,129 | -1,126 | -2,062 | -198 | -7,036 | -230 |
| Proceeds from share issuance to non-controlling shareholders | - | - | - | 5,262 | 528 | 293 | 130 | 62 | 1,388 | 273 | 344 | 50 |
| Purchase of treasury shares | - | - | - | - | -2,236 | -1,182 | - | -3,110 | -9,363 | -1,904 | -7,517 | -1,510 |
| Purchase of treasury shares of subsidiaries | - | - | - | - | -223 | - | -1,062 | -2,040 | -2,929 | -168 | -201 | - |
| Dividends paid | -1,649 | -1,649 | -2,015 | -2,713 | -4,106 | -2,665 | -2,730 | -3,545 | -2,803 | -5,558 | -6,467 | -3,187 |
| Dividends paid to non-controlling interests | - | - | - | -806 | -1,260 | -1,649 | -2,206 | -3,242 | -4,758 | -5,452 | -9,209 | -5,927 |
| Purchase of shares of subsidiaries not resulting in change in scope of consolidation | - | - | - | - | -1,153 | -17 | - | - | -430 | -458 | -127 | -2,592 |
| Net cash provided by (used in) financing activities | -1,677 | 109 | 2,759 | 9,523 | 23,749 | 35,074 | 43,960 | 30,323 | 37,518 | 89,889 | 62,442 | 64,975 |
| Effect of exchange rate change on cash and cash equivalents | 169 | 452 | 342 | -85 | -466 | 346 | -1,354 | -145 | -838 | 1,023 | 2,933 | 3,162 |
| Net increase (decrease) in cash and cash equivalents | 9,120 | 10,866 | 12,094 | 9,587 | 15,196 | 27,690 | 25,832 | 16,063 | 58,961 | 15,364 | 88,187 | 66,688 |