Financial results briefing for Q2 of FY2020
Summary of Consolidated Financial Statements for the Second Quarter, FY2020 (IFRS)
Notice Concerning Waiver of Claims to a Consolidated Subsidiary and Transfer of Shares due to the Transfer of the same Consolidated Subsidiary
Notice Regarding Cessation of Offering of New Shares and Sale of Shares of Consolidated Subsidiary GMO Financial Gate, Inc.
Notice of Approval of Listing of consolidated subsidiary GMO Financial Gate, Inc.
Financial results briefing for Q1 of FY2020
Summary of Consolidated Financial Statements for the First Quarter, FY2020 (IFRS)
“We are the leading company listed on the
First Section of the Tokyo Stock Exchange
We started our operation in 1995 as a company providing credit card payment processing services for mail-order businesses.
Since then, we have expanded the scope of our online payment solutions into E-commerce businesses which grew rapidly with the spread of the Internet. We have been supporting the growth of Japanese E-commerce markets as a leading company in the payment industry.
We have grown to provide comprehensive payment-related and financial services to over 100,000 merchants including public institutions such as the Tokyo Metropolitan Government, National Tax Agency and NHK in addition to the online operators of web-based shops. With our core payment service, our transaction value has exceeded ¥5 trillion (GMO Payment Gateway consolidated companies, as of end-March, 2020) by broadening to provide value-added services that enhance the merchant’s growth.
We have continued to achieve growth in revenue, earnings and dividends of over 20% since we were listed in 2005, and now we aim to maintain an average operating profit growth rate of over 25%.
The main source of our growth is an effective employee training program. We pay attention to the growth of every employee and have developed the program emphasizing not only getting knowledge about business and technologies but also setting targets. Being oriented in one direction we are able to realize the continuous growth.
As a leading payment service provider in Japan, we will continue to grow together with our merchants. We will make further progress in becoming a company delivering vital services to the customers.
We will continue to implement our growth strategy of investing at least 10% of annual revenue in capital expenditure and development while maintaining an operating profit growth rate of over 25%.
The first strategy is to develop online payment solutions for various areas including utility payments, taxes, and B2B transactions in a bid to expand our business into new markets. Additionally, we will encourage a shift to cashless payments through our solutions that help financial institutions build a necessary payment infrastructure for such a trend.
The second strategy is to expand value-added services focused on money service business in conjunction with creating new services.
The third strategy is to respond to global markets and focus on world-wide competitiveness. Established local subsidiaries in 5 bases in Asia we will continue to boost our global business expansion. In particular, we will keep developing payment services for Japanese E-commerce companies moving to those areas, and continue to participate in investment activities with leading global companies.