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Achieved 14 Consecutive Years of Growth in Revenue and Operating Profit

We achieved 14 consecutive years of growth in revenue and operating profit, with FY2019 revenue of ¥32.1 bn, up 21.6% YoY, and operating profit of ¥8.3 bn, up 26.7% YoY. This was led by the significant growth of our core business of online payment services, profitability improvements in financial services such as cashless payments for financial institutions, the expansion of offline payment services, GMO Payment After Delivery, and global lending services.
We express our deepest appreciation and gratitude to our shareholders and stakeholders for their continued support that enables these achievements.

Review of FY2019

Consolidated Financial Highlights

Our management priority is to continue a stable shareholder return as well as to sustain a retained earnings level necessary for future business expansion and strengthening our corporate structure. In light of our earnings performance and to fulfill our shareholders’ expectations, the dividend for FY2019 was ¥36, an increase of ¥1 compared to the year-end dividend plan announced in the FY2018 Summary of Consolidated Financial Statements.

Business model

The business model for credit card payment processing for both online and offline can be broadly classified in two groups based on the contractual types between the merchant, credit card issuer and payment processing company.

Direct contract with merchants

A merchant makes a contract with each credit card company separately. This merchant pays us a system fee (initial, stock, fee). Every credit company pays the proceeds directly to the merchant.

Representative contract with merchants

We provide merchants with a unified agreement among credit card companies, and charge them a system fee. We pay revenue directly to the merchant, after taking a percentage commission; instead of the credit card company paying the merchant.

Revenue model

4 types of revenue depending on the merchant.
The construction of the revenue model is both stable and growing: it represents the model that is composed of a running transaction revenue on the top of a stable stock revenue.

1Initial (initial revenue)

Initial introduction fee

Main KPI: Number of merchants newly acquired
Sales: Number of merchants newly acquired ×~Yen/time of introduction

2Stock (Monthly revenue)

Customer support and maintenance fee

Main KPI: Number of merchants
Sales: Number of active merchants ×~Yen / month

3Fee (Transaction processing revenue)

Fee charged per transaction

Main KPI: Number of processed payments
Sales: Number of processed payments ×~Yen

4Spread (Merchant acquiring service revenue)

Fee charged per transaction

Main KPI: Amount of processed payments
Sales: Amount of processed payments ×~%

P-Mark Certification
GMO Payment Gateway has acquired P-Mark certification.
The services of GMO Payment Gateway are PCI DSS 3.2 compliant.
All business premises of GMO Payment Gateway have acquired ISO/IEC.