Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Statements for the Third Quarter FY2024(Based on Japanese GAAP)
August 8, 2024
Name of listed company: GMO Financial Gate, Inc
Exchange:
Tokyo Stock Exchange Growth
Stock code:
4051
URL:
https://gmo-fg.com/
Representative: Kentaro Sugiyama, President & Chief Executive Officer
Contact:
Tomoki Tamai, Director, Corporate Support Division Executive OfficerTel: +81-3-6416-3881
Scheduled date of commencement for dividend payment －Supplemental materials prepared for financial results： Yes
Information meeting arranged related to financial results ： Yes (for institutional investors and analysts )(Amounts rounded down to the nearest one million yen)

1．Consolidated Financial Statements for the Third Quarter, FY2024(From October 1, 2023 to June 30 2024)(1)Consolidated Financial Statements (Cumulative)(Percentages represent year-on-year % change)
Profit attributable toOperating profit
Ordinary profit
owners of parent

Revenue
Mil.YenQ3 FY2024
Q3 FY2023(*) Comprehensive profit%

Mil.Yen

13,595
13.3
1,399
43.3
12,003
61.2
976
73.2
Q3 FY2024 903Mil.Yen(43.9%)
Basic earnings per Diluted earnings per
share
share

%

Mil.Yen

1,391
973
Q3 FY2023

Yen

Mil.Yen

％

43.0
72.9
627Mil.Yen

%

860
40.3
613
71.3
(74.0%)Yen

Q3 FY2024
103.62103.41Q3 FY2023
74.20
73.74
((Note) The Company conducted a 2-for-1 stock split for common stock on January 17, 2023. The effect of the stock split has
been reflected in the calculation of basic earnings per share for the fiscal year ending September 30, 2023 (forecast)(2)Consolidated Financial Position
Total assets
Q3 FY2024
FY2023(Note) Equity Capital

Q3 FY2024

Total equity

Equity ratio

Mil.YenMil.Yen

11,238
9,262
5,409Mil.Yen

5,654
5,115
FY2023

%

48.1
53.0
4,913Mil.Yen

2．Dividends
Annual Dividends
End of Q1

End of Q2

Yen

End of Q3

Yen

Year-end

Total

Yen

Yen

Yen

FY20230.00－－
FY20240.00－
FY2024 (forecast)－(Note) Revision to the most recently released dividend forecast ： No

46.00

46.00

52.00

52.00

3．Consolidated Financial Forecast for the Fiscal Year Ending September 2024
(October 1, 2023 to September 30, 2024)(Percentages represent quarter-on-quarter / year-on-year % change)
Profit attributable to Basic earnings
Operating profit
Ordinary profit
owners of parent
per share

Revenue
Mil.Yen%Mil.Yen%FY2024
19,200 20.7
1,410 25.9
(Full year)(Note) Revision to the most recently released financial forecast

Mil.Yen%Mil.Yen

%

Yen

1,392

24.9

859

15.1

103.41： No

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Notes:(1) Changes of important subsidiaries during the period: No(change of specific subsidiaries that leads to a change in the scope of consolidation)
Number of new subsidiaries- (Name ) ; Number of excluded subsidiaries: -(2) Adoption if the accounting method peculiar to quarterly financial statements:(Name )No

(3) Changes in the accounting policy / changes in the accounting estimation[1] Changes in accounting policy required by accounting criteria : No
[2] Changes in accounting policy other than [1]: No[3] Changes in accounting estimations: No[4] Restatement of prior period financial statements: No(4) Number of shares issued (common stock)[1] Number of shares issued at the end of the term(including treasury stock)

Q3 FY2024

8,339,480 FY2023

8,305,340[2] Number of treasury shares at the end of the term

Q3 FY2024

19,210 FY2023

19,188[3] Average number of shares during the term

Q3 FY2024

8,302,595 Q3 FY2023

8,265,280(Notes) 1. The number of treasury shares at the end of the term includes the Company’s shares held by Board Benefit
Trust (BBT and J-ESOP) (FY2023: 18,800 shares, Q3 FY2024: 18,800 shares)
2. The company conducted a 2-for-1 stock split for common stock on January 17, 2023.As a result, the numberof shares issued (common stock) is calculated on the assumption that the stock split was conducted at the
beginning of the fiscal year ended September 30, 2023**

Quarterly financial statements are not subject the review by certified public accountants or financial
statement auditors.
Explanation of the appropriate use of forecasts and other special notes
The forward-looking statements, including business results forecasts, contained in this document are based on
information available to the company at the time of preparation and on certain assumptions deemed reasonable by
the company. Forward-looking statements are not intended as a promise of actual results by the company. Actual
results may differ materially due to a variety of factors. For more regarding assumptions related to earnings
forecasts and precautions concerning the use of earnings forecasts, see 1.Qualitative Information on Quarterly
Consolidated Financial Statements (3) Overview of consolidated earnings forecasts and other forward-looking
information on page 4 of Attached Materials.

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Table of contents of attachments
1. Qualitative Information on Quarterly Consolidated Financial Statements……………………………………..2(1) Overview of operating results……………………………………………………………………………………2(2) Overview of financial position…………………………………………………………… ………………………3(3) Overview of consolidated earnings forecasts and other forward-looking information……………………..4
2. Quarterly Consolidated Financial Statements and Major Notes………………………………………………..5(1) Quarterly consolidated balance sheet……………………………………………………………………………5(2) Quarterly consolidated statement of income and statement of comprehensive income……………………7
Quarterly consolidated statement of income …………………………………………………………………7
Q3 cumulative …………………………………………………………………………………………………7
Quarterly consolidated statement of comprehensive income ……………………………………………8
Q3 cumulative ………………………………………………………………………………………………8(3) Notes regarding quarterly consolidated financial statements………………………………………………..9(Notes regarding going concern assumptions)……………………………………………………………….9(Notes regarding significant changes in shareholders’ equity)……………………………………… …….9
(Segment Information) …………………………………………………………………………………………9(Notes regarding cash-flow statement)…………………………………………………………………………9(Significant subsequent events) ………………………………………………………………………………9-1-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

1．Qualitative Information on Quarterly Consolidated Financial Statements(1) Overview of operating results
Forward-looking statements in this document reflect GMO Financial Gate Group (GMO-FG) judgements as of the endof the cumulative consolidated third quarter of the fiscal year ending September 2024.
Financial results for the cumulative consolidated third quarter of the fiscal year ending September 2024 (October 1,
2023 to June 30, 2024) are as follows.
(Unit: Thousand Yen)
Nine months ended June 30, 2023

Nine months ended June 30, 2024

12,003,785

13,595,283

13.3

Operating profit

976,666

1,399,541

43.3

Ordinary profit

973,092

1,391,449

43.0

Profit attributable toowners of parent

613,308

860,300

40.3

Revenue

YoY Change(%)

a. Revenue
Revenue at GMO-FG reached ¥13,595,283 thousand (up 13.3% YoY).
During the three months ended June 30, 2024, the number of active IDs (Note), the number of payments processed
and Gross Merchandise Value (GMV), our KPIs, showed strong growth, which contributed to an increase in revenue.
Initial sales for the nine months ended June 30, 2024 achieved a year-on-year increase despite a reactionary fall
due to revenue from a large project recorded a year ago. Recurring-model revenue, consisting of stock, fee andspread revenues, showed strong growth, driven by fee and stock revenues thanks to contributions of KPIs.
During the three months ended June 30, 2024, while the next-generation payment terminal “stera” continued to bea key driver of sales of payment terminals which account for most of initial sales, demand for IoT devices continued
to increase in response to growing needs for unattended operation and labor-saving at stores, and the introduction
to self-checkout registers at national chain dollar shops and automated parking payment machines at national chain
coin parking lots continued to expand.
Recurring-model revenue continued to grow mainly in fee revenue. Although the rate of increase in the number ofactive IDs and the growth of stock revenue slowed down due to an absence of sales related to a large project
recorded a year ago, recurring-model revenue for the nine months ended June 30, 2024 showed strong growth.
Spread revenue maintained an increasing trend although we reviewed the portfolio of member merchants subject
to spread revenue from the perspective of risk reduction.
(Note) Effective April 1, 2024, we renamed what was previously referred to as the “number of active terminals” to the“number of active IDs.”-2-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Revenue by business model for the nine months ended June 30, 2024 is as follows. Recurring-model revenue
consists of stock, fee and spread revenues, and figures in parenthesis represent a breakdown of recurring-model
revenue.
(Unit: Thousand Yen)
Nine months ended

Nine months ended

June 30, 2023

June 30, 2024

YoY Change(%)

Initial8,587,433

8,645,103

0.7

Recurring-model

3,416,352

4,950,180

44.9

Stock

(877,758)(1,265,463)(44.2)

Fee(1,702,705)(2,677,055)(57.2)(835,888)(1,007,660)(20.5)

12,003,785

13,595,283

13.3

SpreadTotal
b. Operating profit

Operating profit reached ¥1,399,541 thousand (up 43.3% YoY).
The high growth in operating profit can be attributed to (1) a rise in composition of high-margin device revenue insales of payment terminals which account for most of initial sales and (2) an increase in high-margin recurringmodel revenue due to an increase in the number of payments processed and GMV compared to the nine months
ended June 30, 2023. While revenue for the three months ended June 30, 2024 decreased year on year, an
increase in gross profit covered an increase in selling, general and administrative expenses associated withinvestments mainly in human resources to support future growth, resulting in a significant year-on-year increase inoperating profit.
c. Profit attributable to owners of parent
Profit attributable to owners of parent reached ¥860,300 thousand (up 40.3% YoY).

(2) Overview of financial position(Assets)
As of June 30, 2024, current assets increased ¥1,821,916 thousand from September 30, 2023 to ¥9,327,125
thousand. This was mainly because trade accounts receivable increased ¥772,674 thousand due to strong salesof payment terminals, merchandise increased ¥562,903 thousand as we increased the payment terminal inventory
to a certain level based on the sales forecast, and cash and cash equivalents increased ¥241,056 thousand. Noncurrent assets increased ¥154,535 thousand from September 30, 2023 to ¥1,911,566 thousand mainly due toincreases in software of ¥140,773 thousand and in investment securities of ¥99,994 thousand despite a decreasein deferred tax assets of ¥66,511 thousand.
As a result, total assets increased ¥1,976,451 thousand from September 30, 2023 to ¥11,238,692 thousand.
(Liabilities)
As of June 30, 2024, current liabilities increased ¥914,177 thousand from September 30, 2023 to ¥3,519,035
thousand. This was mainly due to increases in deposits received of ¥825,344 thousand and in contract liabilities of¥224,811 thousand despite a decrease in account payable of ¥268,744 thousand. Non-current liabilities increased¥523,308 thousand from September 30, 2023 to ¥2,064,896 thousand mainly due to an increase in long term
borrowing of ¥500,000 thousand.
As a result, total liabilities increased ¥1,437,486 thousand from September 30, 2023 to ¥5,583,931 thousand.

-3-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(Net assets)
As of June 30, 2024, total net assets increased ¥538,965 thousand from September 30, 2023 to ¥5,654,760
thousand. This was mainly because retained earnings increased ¥860,300 thousand due to recording of profit
attributable to owners of parent while retained earnings decreased ¥382,027 thousand due to distribution ofdividend from surplus.

(3) Overview of consolidated earnings forecast and other forward-looking information
There is no change in the consolidated financial forecast for the fiscal year ending September 30, 2024 from thosepreviously released on November 13, 2023 at this point. Although the progress of revenue for the nine months ended
June 30, 2024 towards the full-year consolidated financial forecast is 70.8%, it is in line with the plan as we expect
initial sales for the three months ending September 30, 2024 will grow compared to the three months ended June 30,2024 due to a large project. Meanwhile, the rate of progress of consolidated operating profit for the nine months
ended June 30, 2024 towards the full -year consolidated operating profit forecast is high at 99.3%. There are no
particular concerns for the business outlook for the three months ending September 30, 2024, and each level ofprofits is expected to exceed the full-year forecast announced on November 13, 2023, but the full-year forecast foreach level of profits remains unchanged at this point as investments aimed at sustainable growth in future periods
will be carried out as planned. We will promptly disclose specific figures as soon as we can estimate them as businessprogresses.

As stated above, “there are no particular concerns for the business outlook” as, in the offline cashless payment
market in which the group operates, the number of member merchants adopting the cashless payment continues tobe on the rise due to government-led promotion and diversifying payment methods as well as an increase in thenumber of travelers visiting Japan. Under such environment, in the three months ending September 30, 2024, thegroup will continue to focus on sales of payment terminals meeting the needs of member merchants, enhancementof payment processing centers, and acquisition of new member merchants and alliance partners. In light of the above,the consolidated financial forecast for the fiscal year ending September 30, 2024 at this point is revenue of ¥19,200
million (up 20.7% YoY), operating profit of ¥1,410 million (up 25.9% YoY), ordinary profit of ¥1,392 million (up 24.9%
YoY) and profit attributable to owners of parent of ¥859 million (up 15.1% YoY).

-4-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

2.` Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly consolidated balance sheet
End of previous consolidated
fiscal year
(September 30, 2023)(Unit: Thousand yen)
End of Q3 of current
consolidated fiscal year
(June 30, 2024)

4,015,682
920,725

4,256,739
1,693,400

2,396,179
181,151

2,959,082
425,451△8,529△7,548

7,505,209

9,327,125

84,57568,332

1,062,072

1,202,845

Software in progress
Customer-related assets

117,035
42,810124,856
10,702

Goodwill
Other intangible fixed assets

133,31560

99,98660

Total intangible fixed assets

1,355,293

1,438,451
99,994

Lease deposits
Bankruptcy rehabilitation claims－
47,033
1,043

Deferred tax assets
Other investments and other237,641
32,486

171,130
87,910Allowance for doubtful accounts△1,043△1,068AssetsCurrent assets
Cash and cash equivalents
Trade accounts receivable
Merchandise
Other financial assets
Allowance of doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible fixed assets
SoftwareInvestments and other assets
Investment securities

Total investments and other assets
Total non-current assets
Total assets-5-45,7471,068

317,161

404,782

1,757,031

1,911,566

9,262,240

11,238,692

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

End of previous consolidated
fiscal year
(September 30, 2023)(Unit: Thousand yen)
End of Q3 of current
consolidated fiscal year
(June 30, 2024)

1,075,275
201,123806,531
272,742

Contract liabilities
Deposits received

89,224
375,741

314,035
1,201,085

Allowance for employees’ bonuses
Allowance for directors’ bonuses

392,760
107,576

286,590
97,576

Other current liabilities

363,157

540,474

Total current liabilities

2,604,857

3,519,035

1,500,000

2,000,000

4,524

14,95623,954
13,10846,661
3,277

1,541,587

2,064,896

4,146,445

5,583,931

Shareholders’ equity
Capital stock

1,629,932

1,638,680

Capital surplus
Retained earnings

1,643,043
1,764,019

1,651,791
2,242,291

Treasury stock△123,529△123,703

Total shareholders’ equity

4,913,464

5,409,058

Liabilities
Current liabilities
Account payable
Income taxes payableNon-current liabilities
Long term borrowing
Provision for employee stock ownership plantrust
Provision for management board benefit trust
Deferred tax liabilities
Total non-current liabilities
Total liabilities
Net assets

Non-controlling interests
Total net assets
Total liabilities and net assets-6-

202,330

245,701

5,115,795

5,654,760

9,262,240

11,238,692

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(2) Quarterly consolidated statement of income and statement of comprehensive income
Quarterly consolidated statement of income(Q3 cumulative)(Unit: Thousand yen)
Nine months ended

Nine months ended

June 30, 2023

June 30, 2024

Revenue

12,003,785

13,595,283

Cost of goods sold

9,103,131

9,389,064

Gross profit

2,900,654

4,206,219

Selling, general and administrative expense

1,923,987

2,806,677

976,666

1,399,541

Interest income
Other non-operating income

12
3

72
1,039

Total non-operating income

16

179

3,557

9,384

Operating profit
Non-operating income

Non-operating expenses
Interest expense
Other non-operating expenses

32－

Total non-operating expenses

3,590

9,384

Ordinary profit

973,092

1,391,449

Extraordinary loss
Loss on retirement of non-current assets

11,920192

Total extraordinary loss

11,920192

Profit before income taxes

961,172

1,391,256

Corporation income taxes, resident taxes, business taxes

336,052

430,905

Corporation income taxes deferred△2,78656,679Total corporation income taxes

333,265

487,585

Profit627,906

903,671

Profit attributable to non-controlling shareholder

14,59843,371

Profit attributable to owners of parent

613,308

860,300-7-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Quarterly consolidated statement of comprehensive income(Q3 cumulative)(Unit: Thousand yen)
Nine months ended

Nine months ended

June 30, 2023

June 30, 2024

Profit627,906

903,671

Comprehensive income

627,906

903,671(Breakdown)Comprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling shareholder

613,308

860,300

14,59843,371-8-

Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purpose. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.

(3) Notes regarding quarterly consolidated financial statements(Notes regarding going concern assumptions)Not applicable(Notes regarding significant changes in shareholders’ equity)
Not applicable(Segment information)[Segment information]
Segment information has been omitted as GMO-FG has only one business segment, namely the face-to-face payment
processing services business, which is not material in terms of segment information disclosure.
(Notes regarding cash-flow statement)[Segment information]
Cash-flow statement has not been created for 3Q FY2024. The depreciation expenses (including amortization
expenses related to intangible assets other than goodwill) and amortization of goodwill for the third quarter consolidated
cumulative period are as follows.
Nine months ended

Nine months ended

June 30, 2023

June 30, 2024

Depreciation Expenses

280,803

331,631

Amortization of Goodwill

33,32833,328(Significant subsequent matters)
Not applicable-9-