Financial results briefing for the 3Q of FY2016(April 1, 2016-July 31, 2016)
Themes: Promoting the use of online payments and contributing to thegrowth of customers’ businessAugust 1, 2016
GMO Payment Gateway, Inc.
(3769: Tokyo Stock Exchange Section-1)

The 46 th IR Meetingh t t p : / / c o r p . g m o - p g . c o m /A Note About
the Contents of this Document

The contents of this document are based on generally
recognized economic and social conditions, as well asassumptions judged to be reasonable by GMO Payment
Gateway as of August 1, 2016.
However, please note that they are subject to change
without prior notice in the event of changes in thebusiness environment or other unforeseen occurrences.

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

2

Agenda1. Summery of Financial Results for 3Q FY2016
2. Progress of the Growth Strategy
3. Financial Highlights

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

3

1. Summary of Financial Results for 3Q FY2016

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

4

1.1

Summary

OP up 28.4％ (3Q, YoY), reflecting the continued strength ofpayment services & MSB(Million yen)

Consolidated
results of 3Q,
FY2015(cumulative)

Consolidated results of 3Q, FY2016(cumulative)

3Q of
FY2015

3Q of FY2016

ActualForecast

ActualA/F%

ChangeChange%ActualActualChange%

Sales

6,427

11,413

8,820

77.3%

2,392

37.2%

2,264

3,089

36.4%

Gross income

5,061

-

6,822

-

1,760

34.8%

1,756

2,389

36.0％

Operating income

2,300

3,741

2,953

78.9%

653

28.4%

812

1,074

32.2%

Ordinary income

2,317

3,750

2,941

78.4%

623

26.9%

787

1,022

29.8%

Net income

1,454

2,335

1,809

77.5%

354

24.4%

517

657

27.1%

EBITDA

2,451

670

27.4％

862

1,133

31.4％

KPI

3,122

Number of operating stores (end of period)

Amount of processed payments (3Qestimate)

Number of processed payments (3Q estimate)

72,569Approx. 540 Billion Yen

Approx. 227 Million■ Key points of 3Q FY2015

1. Growth of earnings has accelerated, and is steadily progressing at the committed 25% OP growth
Existing business (foundation for 20% growth): Monetizing the large-scale projects
New business(to achieve more than 5% or more growth): MSB continued to grow steadily

2. Measures for the future such as investment in new business, strategic investment, and overseas business progressed
steadily* EBITDA＝Operating income + Depreciation + Amortization of goodwill
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

5

1.2 Recent Topics
A list and overview of press releases published since April 2016
Data processing

Finance service●Launching credit card payment of automobile taxes(Oita pref./Fukuoka pref.)⇒ Contribution to the government’s growth strategy［Promotion of cashless payments」●A new addition to PG Multi-Payment Service: BankTransfer (Virtual Account)⇒ Streamlining of B-to-B payment with frequenttransfers and use of cash
●Hosting the seminar on「Dealing with Non-retentionof Credit Card Information」⇒ Offering to enterprises a protection and action plan on
keeping credit card transactions secure and safe
●GMOPG as the first Japanese Payment Partner for
Zuora’s platform⇒ Support for subscription-based businesses in IoT andvarious other areas, and contribution to management
stabilization by shifting to “stock-based” revenue●Investment in Valuadesign⇒ Aiming to build a new prepaid scheme with Valuedesign,
Japan’s biggest prepaid card system provider●Launching “Rakuraku remittance service by GMO
Epsilon”⇒ Contribution to reduction of merchant account fees
(29,501 shops)

Global solutions

Marketing●Investment in Mobikwik, Indian mobile walletcompany⇒ Strategic partner in the growing Indian EC market (tobecome 6.6 Billion USD by 2020)
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

6

1.3 Revenue Breakdown by Business Model(April-June)

Spread revenue is up over 49% due to the increasing amountof processed payments and MSB growth(1,000 yen)

3,000,000

1,326,433

2,500,000

2,000,000

Fee YoY+26.7％
・Expansion of “Payment after delivery” andRemittance Service (MSB)

889,9171,500,000

1,000,000

500,000

0

Spread YoY+49.1％
・MSB continued to grow steadily(Early Payment Service・FL)
・Amount of processed payments increased(up to 2 Trillion yen in FY2016)

864,012Stock YoY+32.2％
・Cultivating large-scale merchants (bank, etc.)
・Expansion of “Online Advertising Service”

681,844748,031565,664
127,279
15/6 (3Q)
InitialStock

151,134
16/6 (3Q)
Fee

Initial YoY+18.7％
・System development and services for largesized enterprises
・Cultivating major/high-growth merchants

SpreadCopyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

7

1.4

Sales/Operating Income by Segment (Cumulative)

Operating income up 22％ (Up 28.4％ overall)■Sales (segment)
9,000,000

904,671+48.6％(1,000 yen)Transitioned
to profitability(+44.7％)(+29.2％)2,900,000

526,469

2,400,000
6,361,262

1,900,000+20.2％(+1.3％) 1,400,000

5,293,269

3,845,845

3,153,453+22.0％(+5.1％)

2,000,000

900,000

1,000,000
0

159,923

73,1933,400,000+195.3%608,990

4,000,000
3,000,000(+114.3％)

1,554,483

6,000,000
5,000,000

124,217+69.7％(1,000 yen)(+29.3％) 3,900,000

8,000,000
7,000,000■ Operating income (segment)％: YoY(vs. Forecast)

400,000
FY2015/3Q

Plan
Payment processing business-100,000

FY2016/3Q FY2016/3Q
ActualMoney service business

Other

FY2015/3Q-22,114

Payment processing business

FY2016/3Q

FY2016/3Q

PlanForecast

ActualMoney service business

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

Other

8

2.

Progress of the Growth Strategy

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

92.1 Industry Topics
Our corresponding to the influence of Payments industry
trends
Topics

GMO Internet start preparations forthe establishment of neobanks

Anticipated change

Impact on the Company and response

Development of Fintech

Seek partnerships to provide
clients of neobanks with necessary
services

Successive bank restructuring(management consolidation)

Efforts to strengthen theinfrastructure, and pursing
new financial services

Successive large-scale investmentsin payment-related businesses andinternational acquisitions

Acceleration of global
competition in the EC
marketCurrently taking action with an eye
toward 10 years in the future,strengthening the global businessstructure

Announcement of partnerships with
PayPal and Visa

A fusion of online and offline(face-to-face), expanding
and developing the use of
cashless payments

Expanding businesses related tosmart payments, collaborating with
GMO-FG, etc., on face-to-facepayment-related business“Execution plan for strengthening
measures for security in credit cardtransactions” announced by METI

Further suggestions
regarding security measuresfor large-scale businesses

Provide large-scale businesses withsupport through a full lineup of
security services and seminars on
security measures

Providing major merchants withcomprehensive services including
system development

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

10

2.2 Future Development of Business
Goals we have set, our management measures to achievethem, and their purposes
Measure/service

PurposeOur goalAiming to achieve our existing targets, and to fulfil our further business growthBusiness/service global
expansion
Utilization of purchase data
To establish a high scoringmodel
To acquire knowledge
about credit/billing/collection
To accumulate lifestyledata, and deep anddiverse data

Global investment strategy/GPF, Z.com Payment
Started online advertising
serviceStarted transaction lending
serviceCollaboration with amegabank
Business allianceswith financial institutions
Started GMO payment after
delivery service

Operating income
composition

Global solutions
Marketing~％→Advertising→Financial dataserviceFinance service→Remittance→Finance lease~％→Factoring→BtoB lending

To develop public funds
and taxes area

→BtoB ¥1,000

To accumulate large
quantities of purchase
information

To create comprehensive
payment-related services
To acquire major merchants /To speed up this acquisition* Reference: METI ”E-commerce market research, 2015”
GPF: GMO Global Payment Fundtrillion

Data processing→CtoC ¥1 trillion

90％*

EC ratio: 4.8％

→BtoC ¥13.8 trillion
The source of 3.8 million yen operating profit
in FY2016

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

11

2.3 Acquisition of Major Merchants

Data processing

Marketing and systems are our main means to acquire
major merchants
Target:・Mail-order enterprises・e-commerce businesses, financial institutions,insurance enterprises, municipalities, gas and electric power businesses, etc.

Background:・Created new markets (CtoC, BtoB, financial institutions, etc.)
・Deregulation (liberalization of gas and electric power retailers, etc.)
・Tightening of regulations (security measures*)

The necessity of achieving results:
・An overwhelmingly strong system (processing power/cost competitiveness)
・Handling of accounts beginning with system development
・Services anticipating new trends and customers’ needs* “Action plan for keeping credit card transactions secure and safe”(Announced by METI/Japan Credit Card Association in February 2016)

Launching new projects to increase the amount ofprocessed payments to 1 trillion yen
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

122.4.1 Face-to-face Market

Data processing

From “stand-alone” to “embedded,” we will bring theInternet to all devices

IoT

Payment apps
Business apps

Internet of Things

Payment data

Internet
SIM card

Operation data

Magnetic stripe Contact IC card Non-contact IC
card
card

+

AlipayMobile wallets,
etc.

Vending machine
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

13

2.4.2 Face-to-face Market

Data processing

As a result of the alliance-based business strategy, acquiring
new face-to-face markets and expanding business
GMO-FG results (actual and forecasts)

Drivers for further growth
IoT-related business
Smartphones
Inboundetc.

* Capturing inbound demand

Number of international travelers in Japan (fromChina) and number of processed UnionPay payments(index)Number of processed
UnionPay payments (index)

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

May-16

Feb-16

Nov-15Aug-15May-15

Feb-15

Nov-14Aug-14May-14Feb-14

Nov-13Aug-13May-13Operating income

Feb-13

Sales

Nov-12

China

14

2.5

SMBC GMO PAYMENT (JV)

Data processing

Number of accounts exceeded the business plan, currently
strengthening the sales structure and providing prompt response
Achieve the desired synergy
between the companies

Strong business platforms fordomestic and overseas
markets, and creditability
Synergy

Feb

Mar

Apr

May

June

Management resources suchas cutting-edge technologies
with a competitive advantage

Introduction results
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

15

2.6 Money Service Business (MSB) (1) Finance service
MSB-related assets and sales are steadily increasing

MSB-related sales
About ¥0.9bil(annual)About ¥0.4bil/1Q

About ¥1bil/2Q

About ¥1.6bil/3Q

About ¥12.6bil
About¥10bil

MSB-related sales(Beginning of period plan)
About ¥1.7bil(Annual)About ¥9bil

About¥6.2 bil

MSB-related
asset
About ¥5bil

Amount ofBalanceprocessedof Sep.
payment(Sep.)
2015(Payment after
delivery)

Balance Dec.
of Dec.
2015

Transaction lending

Balance Mar.
of Mar.
2016
Early payment

Balance Juneof June2016
Finance lease

Balance Sep.
of Sep.
2016(plan)
Payment after delivery

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

16

2.7 Money Service Business (MSB) (2) Finance service
GMO payment after delivery and remittance services arein good shape60

The number andamount of payments

50
40

+80％

for GMO payment after

10

Remittance service sales(index)+80％

8delivery (index)

6

30
4

20

2

10
0

0

Number of payments

Amount of payments

Sales
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

17

2.8 Global Business

Global solutions

Support for entry into Taiwan, progress in settlement agent
services, overseas business, circulating amount quadrupled■Scale of EC (B2C) market,
Yearly average growth rate

4 timesHong Kong
4%■Amount of processed payments,
settlement sales in upward trend

Taiwan

0.5
¥0.2
兆
Tr.
円

¥1.6
trillion
12%

Thailand
¥0.2
Tr.

13%

Malesia
23%

¥0.1
Tr.

Singapore
13%

¥0.1
Tr.
2015/1Q 2015/2Q 2015/3Q 2015/4Q 2016/1Q 2016/2Q 2016/3Q

Scale of B2C market in 2016
(forecast)
Our overseas entities%

Yearly average growth rate
2016 to 2019 (forecast)

Sales from settlement only
Amount of processed payments
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

18

3. Financial Highlights

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

19

3.1 Consolidated Balance Sheets
MSB growth reflected in current assets(Million yen)

Results for
3Q, FY2016

Results for
3Q, FY2015

ChangeCurrent assets

47,68039,868

7,812

Cash and deposits

30,49334,934△4,440

Lease receivables

6,004

1,045

4,958

Advance payments

6,280

1,567

4,712

Accounts receivable

1,677

998

678

Allowance for
doubtful accounts

△289

△159

△129

Other current assets

3,514

1,481

2,032

Noncurrent assets

5,085

3,030

2,054

Tangible assets

206

218

△11

Intangible assets

1,178

861

317

930

664

266

3,699

1,951

1,748

52,76642,898

9,867

SoftwareInvestments andother assets
Total assets(Million yen)

Results for
3Q, FY2016

Results for
2Q, 2015

Change35,45926,8958,564

29,94024,243

5,697

Current liabilities
Deposits received
Related to Finance Lease
Increase of Early Payment Service

Accounts payable

Deposits by merchants through representative merchantservice*Discrepancy occurs with the pace of merchants’ sales growth
due to change in merchants’ cutoff date and payment cycle

2,820

1,763

1,057

Other current
liabilities

2,698

888

1,809

Noncurrent liabilities

224

179

44

17,206

15,668

1,538

4,712

4,710

2

Total cumulative othercomprehensive income

△124

153

△277

Total net assets

17,082

15,823

1,258

Increase of Payment after delivery

Shareholders’ equity
Capital stock

Increase in investment securities and investments in other securities of subsidiaries and affiliates

Total liabilities andnet assets

52,76642,898

9,867

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

20

3.2 Summary of Consolidated Results
Sales and income exceed the forecast(Million yen)

3Q of FY2016

YoY

3Q of FY2015

ChangeYoYchange %ActualSales
composition

100%

2,392

+37.2%

6,427

100%

1,997

22.6%

631

+46.2%

1,366

21.3%

Growth income

6,822

77.4%

1,760

+34.8%

5,061

78.7%

SG&A

3,869

43.9%

1,107

+40.1%

2,761

43.0%

Operating income

2,953

33.5%

653

28.4%

2,300

35.8%

Ordinary income

2,941

33.3%

623

26.9%

2,317

36.1%

Net income

1,809

20.5%

354

24.4%

1,454

22.6%

Net income
per share (yen)

48.70

-

-

-

42.04

-

EBITDA

3,122

670

27.4%

2,451

ActualSales
composition

Sales

8,820

Cost of sales* Our company issued 2,587,300 shares of common stock through a third-party allotment with a payment date of June 25, 2015
* EBITDA＝Operating income + Depreciation + Amortization of goodwill

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

21

3.3 Sales/Gross Income, Quarterly Change
Sales up 36.4％ over previous 3Q, gross income (real) up 27.1％
YoY■Sales+36.4％(1,000 yen)

2,389,926

2,117,708

2,603,210
2,500,000
2,204,334

2,049,413

2,000,000

2,264,704

1,728,329

1,576,636

1,958,642
1,842,793

1,825,574

1,892,030

1,420,034

1,469,820

1,756,677

1,459,601
1,327,468

1,645,144
1,500,000+36.0％
2,314,995

2,732,786

2,000,000

YoY(1,000 yen)

3,089,611

2,997,800

3,000,000■Gross income

1,458,499

1,563,063
1,079,523

1,208,584

1,523,691

1,278,482

1,166,681

1,311,166
1,000,000

・YoY gross income(excluding outsourcing
SG&A expenses

1,000,000+27.1％
500,000

0

1Q

2Q

FY2013

FY20143Q

4Q

FY2015FY201601Q
FY20132Q

3Q

4Q

FY2014FY2015FY2016

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

22

3.4 Consolidated Operating Income/Ordinary Income ,Quarterly Change

Operating income up 32.2％ over previous 3Q, ordinary
income up 29.8％■Operating income

YoY+32.2％(1,000 yen)

■ Ordinary income(1,000 yen)

1,200,000
1,074,193

1,100,000
1,008,236

1,000,000
900,000
800,000

870,919

1,022,383
994,429924,496

800,000

812,277

661,953577,208

Growth rate
differences arose
due to exchange
rate fluctuations

758,080

772,486

762,315

725,596700,000
600,000

1,000,000

YoY+29.8％

536,273787,380
684,886

675,999

677,081600,000

561,408561,247

500,000 479,031

601,701

641,092
540,382

682,507600,113560,812

480,414465,943

472,151
400,000

400,000
300,000

200,000

200,000
100,000
00

1Q
FY20132Q
FY20143Q

4Q

FY2015FY2016

1Q

2Q

FY2013

FY20143Q

4Q

FY2015FY2016

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

23

3.5 Revenue Breakdown by Business Model (Quarterly
Change)Spread revenue up 49.1％(1,000 yen)
1,400,000

1,200,000

1,000,000

YoY
1,326,433
1,280,987

Initial+18.7％

Stock＋32.2％

Fee＋26.7％

Spread＋49.1%

1,148,987* Specialfactor873,483
800,000
670,573
600,000

526,214529,688568,811

1,155,545

582,291

470,792
464,540
441,038
464,560
401,280 431,131
390,290425,963
396,019374,667
400,000

505,369
483,241

689,264

705,327

540,507

501,688

499,083

584,529
516,330

528,120

728,714748,031708,637

681,844565,664

864,012826,928
771,471752,202659,842526,041

889,917663,581594,679

363,264
183,609200,000
93,072

117,872

112,981

127,249

127,499

108,580

147,110

105,579

142,887

127,279

150,905

142,188

161,170

151,1340
12/12 (1Q) 13/3 (2Q) 13/6 (3Q) 13/9 (4Q) 13/12 (1Q) 14/3 (2Q) 14/6 (3Q) 14/9 (4Q) 14/12 (1Q) 15/3 (2Q) 15/6 (3Q) 15/9 (4Q) 15/12 (1Q) 16/3 (2Q) 16/6 (3Q)

Initial

Stock

Fee

SpreadCopyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

24

3.6 Cost of Sales Ratio/SG&A Ratio (Quarterly Change)
The sales-cost ratio may fluctuate due to the sales mix* Excluding MSB-related outsourcing
expenses(1,000 yen)

* 50.2％51.6%

3,000,000
44.4%

52.7%

50.9%

2,732,786

45.6%

44.0%

43.2%

43.8%

43.5%

42.9%

41.7%

2,500,000
2,204,334

2,000,000

1,842,793

1,500,000 1,420,034

1,469,820

17.8%

1,563,063

17.8%

1,825,574

1,892,030

45.6%

2,264,704

40.0%* 41.5％30.0%

1,645,144

18.2%

806,331

20.9%

19.3%

21.5%

20.0%

19.5%

22.4%

21.3%

796,546

750,260

284,580

317,675

384,293

22.5%

19.5%

966,013

1,246,788

22.6%

22.8%

1,315,732

1,306,759

20.0%

944,400

851,039

783,601

647,175

261,23542.6%

1,958,642

962,443

253,353

50.0%* 39.8％ * 37.4％* 42.6％

1,372,331

630,4073,089,611

43.6%

2,603,210

1,000,000

500,000

2,997,800

365,973368,339

382,006

476,005

508,027

553,797

615,078

682,804

699,684 10.0%

0.0%

0
13/3 (2Q) 13/6 (3Q) 13/9 (4Q) 13/12 (1Q) 14/3 (2Q) 14/6 (3Q) 14/9 (4Q) 14/12 (1Q) 15/3(2Q)
Sales

Sales cost

SG&A

Sales cost ratio

15/6(3Q)

15/9(4Q) 15/12(1Q) 16/3(2Q)

16/6(3Q)

Sales-SG&A ratio

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

25

3.7 Changes to Major KPI (Quarterly Change)
Amount of processed payments on pace to exceed ¥2 trillion thisperiodNumber of operating stores 72,569 / Amount of processed payments ¥540 billion / Number of processed payments 227 million(number ofstores)
70,00060,000(billionamount of
500 payment
processed
amount)400(Reference) Amount of processed payments (past 12 months, cumulative)
Including GMO FG’s amount of processed payments(ten thousandof processed
payments)

1.80 trillion yen
2 tr.6billion yen

20,000300
200

50,00015,000

Ratio of payment
processing amountattributable toaffiliates’ sales:
40%

40,00030,00010,00020,0005,000
10,00000
10/9 10/12 11/3

11/6

11/9 11/12 12/3

Recurrent payments

12/6

12/9 12/12 13/3

Online payments

13/6

13/9 13/12 14/3

14/6

Number of operating stores

14/9 14/12 15/3

15/6

15/9 15/12 16/3

16/6

Number of processed payments(The number of operating stores is calculated at the end of the quarter; the amount/number of processed payments are the results for each quarter)

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

26

3.8 Summary of Changes in Consolidated Performance(FY2015 Forecast)
Plan: income growth of +25%, dividend of ¥22.0 per share¥22.00(1,000 yen)

11,413,000¥18.00¥15.0010,000,000¥12.25¥9.75
8,000,000※YoY change ofperformance
forecast

9,030,892

¥7.75

¥4.38

7,205,542

¥5.88

¥5.25

5,764,085

6,000,000
4,708,097
3,866,316

4,000,000
2,207,071

2,546,550

3,145,901

1,753,759
1,441,214

1,169,694
2,000,000

776,253
756,506
440,080926,288
927,535
524,259

2,048,865

2,527,793
1,764,325

1,147,552

1,431,391
763,774

585,206

2,476,408

960,761

2,047,552
1,217,025

1,853,449

Sales:+26.4％

Operating income:+25.7％

Ordinary income:+25.0％Net income:+26.0％

3,741,000

2,977,270
3,000,455

3,750,000

1,855,037

2,335,00002008/92009/9Sales

2010/92011/9Operating income

2012/9Ordinary income

2013/9Net income

2014/92015/92016/9E

Dividend

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

27

3.9 Revenue Changes Breakdown by Business Model(FY2015 Forecast)

Utilize each type of measure to achievesustained growth of each business model

Cultivating growing
merchants
・Measures to increase
merchants’ sales
・Expansion of MSB
such as Transaction+ 34.2％ Lending, Early
payment
・％: YoY(1,000 yen)・Cultivating largescale merchants
・Expansion of GMO
payment after
delivery・Expansion ofremittance service+ 38.4％10,000,000+ 26.7％8,000,000+ 27.6％6,000,000+ 28.4％+ 29.0％+ 36.4％+46.9％
2,000,000

0SpreadFee
Stock
Initial+ 22.8％+ 40.3％4,000,000+25.9％+ 18.1％+23.9％+ 17.3％+ 16.6％+ 14.8％+ 24.9％+ 13.2％・Cultivating largescale merchants
・ Expansion of“Online AdvertisingService“+14.0％

・Reception of orders
for large-scale+ 21.8％+ 19.4％+15.6％
development+1.9％+36.0％－7.1％+ 12.6％+ 7.1％+ 25.6％+ 20.0％+ 11.5％+10.6％+24.6％
projects that lead to
2008/92009/92010/92011/92012/92013/92014/92015/92016/9E
transactions
・Cultivating large529,138
666,209934,441
1,274,419
1,636,774
2,089,254
2,647,458
3,664,591
4,918,924
scale domestic and816,868
897,658
1,060,123
1,235,737
1,418,822
1,663,741
2,042,710
2,634,854
3,265,310
overseas merchants
+4.1％

+9.9％

+ 24.6％+ 22.4％608,236

702,946

839,522

1,022,263

1,251,675

1,559,914

1,948,574

2,204,794

2,513,386

252,828

279,735

311,813333,895

400,823

451,175

566,799

526,652

716,252

Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

28

Thank you very much!

GMO Payment Gateway, Inc.
(TSE 3769)
URL http://corp.gmo-pg.com/

For more information, please contact the Corporate Value Creation Strategy Division
Investor Relations Office Phone: +81-3-3464-0182