Financial results briefing for the 2Q of FY2015（ O c t o b e r

Themes：1 ,2 0 1 4 - M a r c h

3 1 ,2 0 1 5 ）Drive the growth of the e-commerce industry,achieve our sustainable high growth

May 1, 2015

The 41st IR Meeting

GMO Payment Gateway, Inc.
(3769: Tokyo Stock Exchange section-1)

h t t p : / / c o r p . g m o - p g . c o m /A Cautionary Note About
the Contents of this Document

The contents of this document are based on generally
recognized economic and social conditions, as well as
premises judged to be reasonable by GMO Payment
Gateway as of May 1, 2015.
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. Summary
2. Growth strategy
3. Financial highlights
4. Results forecast for the term ending September 2015

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

3

1. Summary

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

4

1.1

Summary

Performance remained robust, sales and income grew over 20%,
Operating income achieved 50% progress
Summary of the consolidated results■Sales：■Operating income：■Operating income ratio：■Ordinary income：YoY*% Increase

4,162Million Yen
1,487Million Yen
35.7％
1,530Million Yen

Progress（+19.4％ / 48.1%）（+20.1％ / 50.0％）（+0.2 Point）（+23.2％ / 51.3％）
YoY*: 1H FY2015 compared to 1H FY2014

Progress of the business■“New-fields-EC” market remains in good shape■Major subsidiaries’ strong performances■Launched new services
March 05
EP “GMO Epsilon Transaction Lending” service started
March 16
PG “Chargeback Compensation Group Insurance“ service started
April 01
PG “zei.tokyo” (Metropolitan Tax Credit Card Payment Site) started
April 15
PG New credit card payment service using a “token” started
April 28
PG “GMO-PG Remittance Service” started
May 01PG Multi-currency credit card payment service started
Forecast■Sales：8,656Million Yen（YoY +20.1％）■Operating income：
2,974Million Yen（YoY +20.1％）
・The full-year forecasts remain unchanged as investment phase will still continue※“New-fields-EC” ：Service commerce/ digital EC/ CtoC etc.
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

5

1.2

Causes of the increase in sales and income

The result of various business efforts conductedfrom medium-term and long-term perspectives
YoY*% Increase

YoY*: 1H FY2015 compared to 1H FY2014• “New-fields-EC”+66％+19.4％（Our top 50 customers)•
GMO
Payment
after
delivery +606％（YoY*）+¥675Million

Sales・Expansion of business areas and development of new services

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

YoY*% Increase+20.1％+¥248Million

Operating
IncomeCost reductions• Economies of scale and DC integration effect
Payment processing service’s cost of sales
ratio down 3.1point
・The transaction increase by the acquisition of the quality
member merchants
・The result of the advanced investment for the compatibility
with the smartphone environment

Non operating income• Equity income of affiliates+23.2％
Contribution margins of GMO-FG+¥287Million • Exchange earnings

Ordinary
Income+¥15Million+¥20Million

・The result of the advanced investment for the expansion ofbusiness areas
・Promotion of overseas business+30.3％+¥218Million Extraordinary income

Net
Income• Income from securities sold0500,000

2015/9 1H

1,000,000

2014/9 1H

1,500,000

2,000,000+¥19Million

・The profit of the shares sold which we held as a part of theenhancement of the collaboration type of business (becauseof the purchase of the important member stores and business
partners by the major member store)

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

6

1.3

Sales/Ordinary income (Quarterly changes)

Ordinary income up 20.5%, exceeding sales growth rate
■Sales+19.6％ ※22.3％ increase except payment ■ Ordinary income +20.5％（1,000yen）

2,204,334

system development sales

Payment systemdevelopment sales¥40Million

1,958,642

2,000,000

1,842,793

1,825,574

1,892,030（1,000yen）
800,000
758,080

772,486
684,886

700,000
641,092
601,701

1,645,144
1,600,000

1,469,820

1,563,063

600,113600,000
540,382

560,8121,420,034
1,311,166

1,307,506
1,162,012

1,200,000

500,000

480,414465,565

475,402465,943

433,440

1,176,791

1,061,787

389,917400,000

300,000

800,000

200,000
400,000
100,000

00

1Q
FY20122Q
FY2013

3Q

4Q

FY2014FY2015

1Q

2Q

FY2012FY2013

3Q

4Q

FY2014FY2015

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

7

1.4.1

Sales（PG・EP・PS・FG）

Results of various measures,
achieved increase in sales and income（1,000yen）
3,500,000+14.9％

PG：GMO payment gateway
EP：GMO Epsilon
PS：GMO Payment Service(GMO Payment after delivery)
FG：GMO Financial Gate（former COC, Face to Face)※16.6％ increase except payment
system development sales
Payment systemdevelopment sales¥40Million

3,000,000

2,500,000 Large front-

loaded increasein demand prior
to the2,000,000 consumption tax
hike

1,500,000+21.3％

1,000,000

500,000+606.4％0

PG

Consolidated

EP

PS

FY2014 1H

FY2015 1H+56.7％
Equity method

FG

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

8

1.4.2

Ordinary income（PG・EP・PS・FG）

Results of various measures,
achieved increase in sales and income（1,000yen）
1,000,000+27.0％

PG：GMO payment gateway
EP：GMO Epsilon
PS：GMO Payment Service(GMO Payment after delivery)
FG：GMO Financial Gate（the former COC, Face-to-face)

800,000

Ordinary income ratio+20.0％

600,000

66.4％

400,000

65.6％
32.3％
200,000

The impact on the consolidated
ordinary income improved from
-3.5% to -3.0%（+0.5 point）

29.3％+1,754.3％
0

PG

EP

PS

FY2014 1H

FY2015 1H

FG※Except Dividends income from EP(200,000)

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

92. Growth strategy

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

10

2.1

Business background

Structural changes and new trends
The leaders of the growth in the
New EC domains,“Open innovation”

The growth strategy of Japan・”Cashless Japan”
・Regional revitalization

The landing of destructive services
overseas

The innovation created by FinTech

Target of increasing the number
tourists to Japan :20Million visitors“Inbound tourism consumption”

The deregulation in the banking business
Sophistication of Payment

Expanding use of electronic payment systems
in the public field

New regulations in the electricity field

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

11

2.2

Growth strategy

Sustaining more than 20% income growth is our mission

Long-Term“Business area strategy”
Mid-Term” Product strategy”
Short-Term“Market targeting strategy”
20％ growth line

Growth rate of narrow definition EC
10～15％
Now
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

12

2.3

Portfolio of income（image）

Growing with the target of the ordinary income of
10 billion yen around the fiscal year 2020 as a passing point
The products that contribute to our company’s business and the
profitable growth (Speech balloon)etc

GMO-PG Global Payment■ Payment processing service and related service
Global Payment Fund
■ Payment after delivery, etc
Support services
etc
■ MSB
■ Oversea
Early payment services■ Face to face, other
TL（PG・EP） NEW
Remittance Service NEW
etc

Payment processing service“Multi-Payment Service”
Addition of payment method“Zei.tokyo” NEW
BtoB・CtoC Platform
Multi-Currency Payment NEW
Related service
Security service
Token NEW
Shipping services・SSL
Online Advertising Service

etc

etc

Ordinary ¥0.19Bil.
income2005¥3Bil.

¥10Bil.

¥25Bil.

2015

Around 2020

Around 2025

¥100Bil.
Around 2030

※Ordinary income：2005:actual, 2015:forecast, Other numbers:targets
MSB：Money service business
NEW：Results of FY2015
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

13

2.4.1Market targeting strategy：New-fields-EC

Expansion of New-fields-EC
Change in business category of our top 50 customers (Sales)+66.4％-15.8％

New-fields-EC

Large front-loaded
increase in demandprior to theconsumption tax hike

Goods-EC

Compared with thesame month of the last year

Mar 2014

Mar 2015
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

14

2.4.2Market targeting strategy：Face-to-faceFace-to-face market is advancing to the business expanding stage.
Additional investment and CB conversion on GMO-FG (the former COC)
January 2010

Joined the GMO-PG group

Face-to-face market

Number of processed payments per monthincreased 9 times !

InitialApril 2015
The additional investment from us was implemented.
・Equity method affiliate of holding ratio, 49.7%
・Accumulated investment amount by PG: 97 million yen
Capital introduction also from several VC

SpreadChanged its corporate name
Fee

Stock

Merchant (example)
・Major furniture retailers chain
・Major golf business chain
・Major clinics chain
・Major restaurant chain
etc

Sales
Ordinary income

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

15

2.4.3Market targeting strategy：Face-to-face

Reaching to the growing stage and taking the smartphone payment
and the “Inbound tourism consumption”
7,000

Amount of smartphone payment（Index）

Amount of Union Pay payment（Index）

25
6,000

5,000

20

4,000

15

3,000
10
2,000

Expansion of smartphone payment“Inbound tourism consumption” effect

5
1,000

0

※13/1Q=1※13/1Q=1

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

15/2Q

15/1Q

14/4Q

14/3Q

14/2Q

14/1Q

13/4Q

13/3Q

13/2Q

13/1Q

15/2Q

15/1Q

14/4Q

14/3Q

14/2Q

14/1Q

13/4Q

13/3Q

13/2Q

13/1Q

0

16

2.5.1

Product strategy：Public funds, taxes

Putting our products into approx. 35 trillion yen market,
and expanding to a greater market
EC area

Public funds area

National tax¥53 trillion

Local tax
¥35 trillion

Narrow definition
BtoC-EC market

Metropolitan
tax¥６trillion¥11 trillion

April 1, 2015

zei.tokyo
Metropolitan Tax Credit Card Payment Site
※Reference：METI, [Market report in regard to EC 2013]
The Ministry of Internal Affairs and Communications
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

17

2.5.2

Product strategy：Payment after delivery

The accumulation of the transactions which leads to theunique credit management know-how
Number of processed payments（GMO Payment after delivery）

Sales（GMO-PS）
4.3 times

3.8 times

14/1Q

14/2Q

14/3Q

14/4Q

15/1Q

15/2Q

14/1Q

14/2Q

14/3Q

14/4Q

15/1Q

15/2Q

※GMO Payment Service (GMO-PS) provides a “GMO Payment after delivery” service

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

18

2.5.3

Product strategy：FinTech in our company

A new service utilizing the data based on an overwhelming
payment volume

NEW●GMO Epsilon Transaction LendingNEW

Rapid and easy loan service for our merchants●GMO-PG Remittance Service
Efficient and secure refund and remittance processing●Early payment service

NEW（●Chargeback Compensation
Group Insurance）※Sell as distributor

Improve merchants’ cash flow

Other financial service※

MSB

Financial service
FinTech※MSB：Money service business

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

192.6.1 Business area strategy：Southeast Asia
Progress by country
Hong Kong
Myanmar

Taiwan

GMO-PG Global Payment
GMO Global Payment Fund
GMO-PG×GMO-VP

Laos
ThailandCambodia

Viet
NamPhilippines

Malaysia

SingaporeClassification based on the following conditions①Already started the services②Already invested to major players (GPF)③(PG)Largest outside shareholder■Already implemented all of ①, ②and ③■Already implemented one out of ①, ②and ③

Indonesia

Our oversea entities■Already implemented two out of ①, ②and ③■Covered by the partner companies we invested to
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

20

2.6.2 Business area strategy：Southeast Asia
Strengthening the capital relationship with a major payment business agent
company in Thailand, 2C2P. We become the largest outside shareholder
April 30, 2015
Additional investment in 2C2P Pte Ltd
Additional investment：$2 million(¥240million)
Total amount:$4.75 million(¥570million)
Payment Services:

Credit cards / Cash receipt/
prepaid-card, etc

Amount of processed payments:
Global network:¥200 billion（2014）

Thailand, Myanmar, Laos, Cambodia,
Singapore. Indonesia, etc

Number of employees: 80
Cash receipt agent service ：Cash123
More than 60,000 local retail stores in Thailand

Source： From an analysis on e-commerce market in south-east Asia
released by Frost & Sullivan (July 4th, 2014)
UBS「ASEAN eCommerce 13 June 2014」

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

21

2.6.3Business area strategy：
Global Online Advertising service

The efforts of advertising delivery to the foreign tourists
domestically and abroad
Before visiting JapanAD

Distributing
AD

Distributing
AD

In Japan※Consider the
localityAD（ex)
Major department stores
Limousine taxi,
etc
Payment infrastructure
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

22

3. Financial highlights

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

23

3.1

Summary of the consolidated results

Operating income up 20.1％, OP margin up 0.2 point
1H of FY2015（Million yen）

Compared to the
1H of FY2014

Sales
Results composition Growth％

1H of FY2014

Change%Results

FY2015

Sales
Composition Forecast Progress

％

%

Sales

4,162

100.0

675

+19.4

3,487

100.0

8,656

48.1

Cost of sales

858

20.6

156

+22.2

701

20.1

-

-

Gross
income

3,304

79.4

518

+18.6

2,785

79.9

-

-

SG&A

1,817

43.7

270

+17.5

1,546

44.3

-

-

Operatingincome

1,487

35.7

248

+20.1

1,239

35.5

2,974

50.0

Ordinary
income

1,530

36.8

287

+23.2

1,242

35.6

2,985

51.3

Net income

937

22.5

218

+30.3

719

20.6

1,797

52.2

Net income
per share(Yen)

27.14

-

20.85

-

52.02

-

※In October 1, 2014, our company executed a 2-1 stock split. The values for the FY2014 are calculated on the same base.

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

24

3.2

Summary of the consolidated balance sheets

The amount of deposit received increased 6.4 billion yen despiteof the effect of the variation of closing date and payment cycle（Million yen）

Results for
2Q, FY2015

Results for
2Q, FY2014

Change（Million yen）

Results for
2Q, FY2015

Results for 2Q,
FY2014

ChangeCurrent assets

29,17821,464

7,713

Current liabilities

24,47017,223

7,247

Cash and deposits

26,06819,544

6,523

Deposits

22,166

15,731

6,435

Advance payments

943

680

262

2,303

1,492

811

Other current assets

2,290

1,273

1,016

Allowance for
doubtful accounts

△123

△33

△90

Fixed assets

2,734

1,891

843

209

264

△55

Tangible fixed assets

Other current liabilities

Deposits by merchants through representative merchant service*Discrepancy occurs with the pace of merchants’ sales growth due
to change in merchants’ cutoff date and payment cycle
Non-current liabilities

177

167

10

Shareholders’ equity

7,150

5,927

1,222

110

32

77

2

4

△1

7,264

5,965

1,299

31,912

23,355

8,557

Intangible fixed
assets

819

743

76

Software

673

537

136

Valuation andtranslation
adjustments

1,705

882

822

Subscription rights toshares11

11

0

31,912

23,355

8,557

Investments andother assets
Bonds of affiliates
Total assets

Total net assets
Total of liabilities and net
assetsIncrease in investment securities and investments in other securities of subsidiaries and affiliates
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

25

3.3

Sales results for each segment（Quarterly changes）

Transaction processing revenue and merchant acquiring service
revenue are in good shape. Initial revenue down but just as planned（1,000yen）

800,000

700,000

y-o-y873,483

Initial revenue-22.2％

Monthly revenue+9.3％

Transaction processing revenue+30.6％

752,202670,573

689,264

705,327
659,842

Merchant acquiring service revenue +30.3%
600,000

568,811526,214500,000

400,000

300,000

473,999

529,688464,540

584,529582,291
505,369

441,038
431,131 425,963
408,062
403,729401,280 396,019
390,290374,667
371,745 363,264
350,983
357,956
347,313341,807
336,130
320,293
303,811
291,439

470,792 483,241
464,560

540,507526,041
516,330
501,688
499,083

528,120

183,609200,000

100,000 77,557

102,823

125,630
94,811

93,072

117,872

112,981

127,249

127,499

147,110
108,580

142,887
105,5790
11/12 (1Q) 12/3 (2Q)

Initial revenue

12/6 (3Q)

12/9 (4Q) 12/12 (1Q) 13/3 (2Q)

Monthly revenue

13/6 (3Q)

13/9 (4Q) 13/12 (1Q) 14/3 (2Q)

Transaction processing revenue

14/6 (3Q)

14/9 (4Q) 14/12 (1Q) 15/3 (2Q)

Merchant acquiring service revenue

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

26

3.4

Cost of sales ratio/SG&A ratio（Quarterly changes）

The sales-cost ratio increased due to the sales mix, but remain
highly profitable by the various management measures（1,000yen）
2,500,000

60.0%
2,204,334
53.2%

2,000,000

47.0%

45.9%

51.6%

45.8%
43.9%

44.4%

50.9%
1,842,793
1,825,574 1,892,030
45.6%

44.0%

43.2%

50.0%

1,958,642

43.8%

43.5%

42.9%

1,563,063 1,645,144
1,420,034

1,500,000

40.0%

1,469,820

1,307,506 1,311,166
1,162,012 1,176,791

30.0%

1,061,787

806,331500,000

966,013

962,443

1,000,000

498,72813.4%

142,583

533,740
14.3%

166,05015.3%
517,179

179,489

696,12216.9%

220,44217.7%
600,491

17.8%
17.8%
630,407 647,175

18.2%

750,260
19.3%

796,54620.9%

783,601
20.0%

851,039
19.5%

19.5%

21.5%
20.0%

476,005

231,643

253,353

261,235

284,580

317,675

384,293

365,973368,339

382,006

0

10.0%

0.0%
11/12 (1Q) 12/3 (2Q) 12/6 (3Q) 12/9 (4Q) 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)

Sales

Sales-cost

SG&A

Sales-cost ratio

Sales-SG&A ratio

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

27

3.5

Transition of the major factors (Quarterly changes)

Number of operating stores not increased due tospecial factors of 1Q and 2Q

Number of operating stores 54,470 /Amount of processed payments 380billion yen /Number of processed payments 198million

Number ofoperatingstoresAmount ofprocessed payments（100 million yen）

Acquisition of partners
with many merchants

4,000

Number of processed
payments (10,000 trx)

20,00060,00018,0003,000

50,00040,00016,000Share of themerchant acquiring
service revenue
in the settlement
amount: 20%(Dec. 2011)

2,000

1,000

14,000Share of themerchant acquiring
service revenue
in the settlement
amount: 30%

030,00012,00010,0008,000
20,000

6,000

4,000
10,000
2,000

0

0
09/3

09/6

09/9 09/12 10/3

Recurring payment

10/6

10/9 10/12 11/3

Online payment

11/6

11/9 11/12 12/3

12/6

12/9 12/12 13/3

Number of operating stores

13/6

13/9 13/12 14/3

14/6

14/9 14/12 15/3

Amount 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.

28

4. Results forecast for the term ending
September 2015

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

29

4.1

Summary of the consolidated results (Forecast)

Repeat operating income growth rate forecast of 20% as investment phasewill still continue（Million yen）
9,000,000

8,656,000※％ yoy8,000,000

Sales
7,205,542

7,000,000¥18.006,000,000

5,764,085

5,000,000

4,708,097
3,866,316

4,000,000¥15.002007/9Sales

2008/92009/92010/9Operating income

2011/9+18.1％Net income+18.6％

2,974,000¥7.75

2006/9Ordinary income¥9.75

2,476,408
2,985,000

2,546,550¥5.88
2,048,865
2,207,071
2,527,793 1,797,000¥5.25
1,753,759
1,945,011
2,000,000
1,441,214¥4.38
1,629,951
2,047,552
1,515,788
1,305,157
1,169,694¥3.75
926,288
1,764,325¥3.13
1,431,391
776,253
927,535 1,147,552
960,761
1,000,000
763,774
641,925
1,217,025
523,277
323,328524,259 585,206
756,506
535,350
645,909295,828
30,173
304,302 377,212
440,08002005/9listed on
the TSEOperating income +20.1％¥12.25

3,145,901
3,000,000+20.1％

2012/9Ordinary income

2013/92014/92015/9E

Net income※In October 1, 2014, our company
executed a 2-1 stock split.
Dividend information that have been
retroactively revised in light of the
impact of this split to make it easier
to compare between periods.

Dividend

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

30

4.2

Sales for each segment (Forecast)

Action plans to realize the balanced growth in all segments（Million yen）※％y-o-y9,000,000

Cultivating large-scale
merchants

8,000,000

7,000,000+ 26.7％+ 29％

6,000,000+ 27.6％“GMO payment later”
expantion

5,000,000+ 28.4％+ 22.8％ + 22％

4,000,000+ 36.4％Conservative sales
plan of “Online
Advertising Service“+ 17.3％3,000,000+ 40.3％+25.9％

2,000,000+88.4％+155.5％1,000,000

0listed on
the TSE+45.4％+41.4％+95.0％+46.9％+14.2％ +4.1％+44.4％+15.4％ +6.4％+166.1％ -22.2％ +6.6％+9.9％+ 14.8％+ 16.6％+ 24.9％+ 18.1％+1.9％ +15.6％ + 19.4％+ 10％+ 24.6％+ 22.4％+ 21.8％+24.6％ +10.6％ + 11.5％ + 7.1％ + 20.0％ + 12.6％
2011/92012/92013/9+ 25.6％

2014/9+ 7％

2004/92005/92006/92007/92008/92009/92010/9Merchant acquiring service revenue

38,364

98,011

191,126

360,138

529,138

666,209934,441

Transaction processing revenue

327,409

476,041

687,235

784,799

816,868

897,658

1,060,123 1,235,737 1,418,822 1,663,741 2,042,710 2,497,452

Monthly revenue

344,083

486,490561,253

597,193608,236

702,946

839,522

1,022,263 1,251,675 1,559,914 1,948,574 2,148,710

Initial revenue

91,920244,613

190,336

202,880

252,828

279,735

311,813333,895

System development
Services for largesized enterprises

2015/9E

1,274,419 1,636,774 2,089,254 2,647,458 3,405,164

400,823

451,175

566,799

605,195

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

31

Thank you very much!

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

For more information, please contact the Company Value Creation Planning Office
IR/PR Group TEL:03-3464-0182