August 14, 2008
For Immediate Release
Company Name:

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

Address:

26-1 Sakuragaoka-cho Shibuya-ku Tokyo JAPAN

Representative:

Masatoshi Kumagai, CEO and Representative Director

Contact:

Masashi Yasuda, Managing Director

Telephone:+81 3 5456 2555

URL:

http://www.gmo.jp/en

Partial Revision to the First Quarter Financial Statement for the Term Ending December 2008
The following revisions have been made to the First Quarter Financial Statement for the Term Ending
December 2008 released on May 13, 2008 (revisions are underlined).
Please be aware that these revisions have arisen from a change in the division of business segments (*) andhave no impact at all on the previously disclosed consolidated profit and loss statement.
(*) In consideration of service content, part of the sales and profit previously reported under Web development and ecommerce solutions in the Internet Advertising Support (Infrastructure) segment have been transferred to the Internet Advertising
Support (Media) segment. As a result figures in both segments have been revised. Please note that this revision has no impact at
all on the previously disclosed consolidated profit and loss statement.

■ Qualitative Information - Consolidated Operating Results (3 revisions)(Prior to Revision)
Segment Report
Internet Use Support (Infrastructure)
Solid profit growth was evident in both the payment processing and web development & e-commerce solutions
businesses. Contracts were up 66.9％ year-on-year to 23,101 and sales reached 905,264,000 yen (23.4%year-on-year increase).
Overall sales in the Internet infrastructure segment including these five major business areas, were4,926,611,000 yen (3.4% year-on-year increase). However as a result of increased operating expenses
caused by an increase in amortization of leading investments in the security business, operating profit stood at
741,562,000 yen (6.6% decrease).
Internet Advertising Support (Media)
The first quarter saw solid performance in the Internet media and search media business that includes searchranking display services like SEO and the Japanese language search tool JWord, as well as search related
advertising conducted in partnership with Overture. As a result it reported sales of 1,935,942,000 yen (14.2%
year-on-year increase).

Copyright (C) 2008 GMO Internet, Inc. All Rights Reserved.

Overall sales in Internet Media, the segment encompassing the above businesses, were 3,720,802,000 yen(8.6% year-on-year increase), operating profit was at 379,559,000 yen (20.7% year-on-year increase).
(After Revision)
Segment Report
Internet Use Support (Infrastructure)
Solid profit growth was evident in both the payment processing and web development & e-commerce solutions
businesses. Contracts were up 66.9％ year-on-year to 23,101 and sales reached 775,813,000 yen (5.7%year-on-year increase).
Overall sales in the Internet infrastructure segment including these five major business areas, were4,797,160,000 yen (0.7% year-on-year increase). However as a result of increased operating expenses
caused by an increase in amortization of leading investments in the security business, operating profit stood at
700,530,000 yen (11.8% decrease).
Internet Advertising Support (Media)
The first quarter saw solid performance in the Internet media and search media business that includes searchranking display services like SEO and the Japanese language search tool JWord, as well as search related
advertising conducted in partnership with Overture. As a result it reported sales of 2,065,393,000 yen (21.9%year-on-year increase).
Overall sales in Internet Media, the segment encompassing the above businesses, were 3,850,253,000 yen(12.4％ year-on-year increase), operating profit was at 420,652,000 yen (33.8％ year-on-year increase).

Copyright (C) 2008 GMO Internet, Inc. All Rights Reserved.

■ (Reference 1) (6 revisions)
Table: Quarterly Changes by Segment
I Sales by Segment(Unit: ¥millions)(Prior to Revision) 2008 1Q(After Revision) 2008 1Q

Internet Use Support (Infrastructure)
Web development &EC solutions

905

775

Segment Sales Total

4,9264,797

Internet Media &Search Media1,935

2,065

Total

3,801

3,931

Segment Sales Total

3,720

3,850

Internet Advertising Support (Media)

II Operating Profit by Segment(Unit: ¥millions)(Prior to Revision) 2008 1Q(After Revision) 2008 1Q

Internet Use Support (Infrastructure)

741700Internet Advertising Support (Media)

379

420

■ Segment Data (18 Revisions)(Prior to Revision)
Current Quarter (FY2008 1st Quarter)(Unit: ¥thousands)

ItemInternet
Internet UseAdvertising
SupportSupport(Infrastructure)(Media)OtherBusinesses

Total

Intercompany
Transaction
Adjustment Consolidatedor allcompanies

Sales

4,926,611

3,720,802

40,484

8,687,898- 43,3488,644,550

Operatingexpenses

4,185,048

3,341,242

19,8237,546,114- 53,469

7,492,645

741,562

379,559

20,661

1,141,784

10,121

1,151,905

Operating Profit

After Revision
Current Quarter (FY2008 1st Quarter)(Unit: ¥thousands)

ItemInternet
Internet Use
Advertising
SupportSupport(Infrastructure)(Media)OtherBusinesses

Total

Intercompany
Transaction
Adjustment Consolidated
Or allcompanies

Sales

4,797,160

3,850,253

40,484

8,687,898- 43,348

8,644,550

Operatingexpenses

4,096,629

3,429,601

19,8237,546,054- 53,408

7,492,645

700,530

420,652

20,6611,141,844

10,0601,151,905

Operating Profit

Copyright (C) 2008 GMO Internet, Inc. All Rights Reserved.