February 12, 2021

Company Name:

GMO Internet, Inc.
(TSE First Section, Code: 9449)

Address:

26-1 Sakuragaoka-cho Shibuya-ku Tokyo JAPAN

Representative:

Masatoshi Kumagai, Founder, Chairman and Group CEOContact:

Masashi Yasuda, Executive Vice President and CFO, Head ofGroup Management Division

Telephone:+81 3 5456 2555

URL:

https://www.gmo.jp/en

Announcement Concerning Differences between Financial Results for FY2020 and FY2019
GMO Internet announces the following differences between financial results for FY2020 and FY2019.

1. Differences between the actual financial results for FY2020 and the previous fiscal year
(Millions of yen, except

Profit attributable toNet sales

Operating profit

Ordinary profit

per share figures)

Net profit per shareowners of parent

Actual for FY2019 (A)196,171

25,27924,506

8,337

73.16

Actual for FY2020 (B)210,559

27,89327.136

10,28493.00

Change (B–A)

14,387

2,614

2,630

1,946

-% change

7.3％

10.3％

10.7％

23.4％

-(1) Reasons for the differences
The Internet Infrastructure segment, comprising multiple No. 1 products, showed favorable growth inEcommerce solutions, Payment and Provider as the use of online channel maintains high-level growth evenafter the increase in stay-at-home demand driven by the spread of COVID-19. The Online Advertising & Media
segment focused on obtaining demand for online consumption as the whole online advertising market was on arecovery trend. In the Internet Finance segment, an aggressive low spread strategy in OTC FX aimed atexpansion of domestic transaction shares contributed to an increase in the transaction volume and market
share, but net sales decreased. On the other hand, CFD posted a significant increase in net sales against a1

backdrop of an increase in volatility in commodity future market and stock price index and a strong growth ofcustomer base. In the Cryptoassets segment, while the Cryptoassets exchange business showed strong
performance with an increase in altcoin transactions, net sales of the Cryptoassets mining business decreased
due to closure of old centers despite a progress in the business restructuring process.
As a result, for the fiscal year ended December 31, 2020, the Group recorded net sales of ¥210,559 million (up7.3% year-on-year), operating profit of ¥27,893 million (up 10.3% year-on-year), ordinary profit of ¥27,136 million(up 10.7% year-on-year), and net profit attributable to owners of the parent of ¥10,284 million (up 23.4% yearon-year) due to sales of investment securities. For details, please see the press release dated February 12,2021, entitled “Fiscal Year 2020 Consolidated Financial Results (Japanese GAAP).”

2. Differences between the actual non-consolidated financial results for FY2020 and the previous fiscal year
(Millions of yen, except per
Net sales

Operating profit

Ordinary profit

Net profit

Net profit per shareshare figures)
Actual for FY2019 (A)56,021

624

6,459

4,592

40.30

Actual for FY2020 (B)64,251

57,207

7,040

63.66

Change (B–A)

8,229-619

748

2,447

-% change

14.7％-99.2％

11.6％

53.3％

-(1) Reasons for the Differences
Net sales increased mainly due to the growth in provider and hosting & cloud contracts. Operating profit
decreased due to the posting of bonuses linked to performance. Dividend income grew as the Group companies
expanded their businesses, so the ordinary profit increased. Net profit was up significantly due to the sale ofinvestment securities.

2