Annual Report for the 20th Fiscal Year 2013

GMO Payment Gateway, Inc.

2012.10.1 — 2013.9.30

Contents

Message
I would like to express my thanks for your continued loyal patronage.
GMO Payment Gateway was founded in 1995, launching the provision of apayment processing service which allowed mail order businesses to accept
payments by credit card for catalog mail orders.
Through the spread of the internet, we are now providing payment processing
services such as credit cards, convenience store, electronic money, etc. to morethan 44,000 merchants, which range from online shops to public institutions
such as the Japan Pension Service and Tokyo Metropolitan Government.
We would like to express our sincere gratitude for your support which made allthis possible.

Contents
Message . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Financial Highlights . . . . . . . . . . . . . . . . . . . . 3
Shibuya Head Office

Topics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Our Services in Your Life. . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . .

Business Outline

In the beginning, online shopping mainly meant purchases of g oods a nds e r v i c e s o n t h e i n t e r n e t ( E C : E l e c t r o n i c C o m m e r c e ) d o n e o n a c o m p u t e r.
However, today the EC market is continuing to expand into a wide range of
new fields such as online shopping on smartphones and online payments for
public utility charges and taxes.
GMO-PG’s company goal, including in the new fields waiting to be exploitedfrom now on, is to contribute to the improvement of Japan’s EC ratio bycreating a more secure and convenient EC environment.
GMO-PG is the only company in Japan’s payment industry listed on the FirstS e c t i o n o f To k y o S t o c k E x c h a n g e . A s i s a p p r o p r i a t e f o r a l i s t e d c o m p a n y
responsible for the provision of the important infrastructure of a payment
system, GMO-PG engages in its business while making full disclosure of its
business results/financial situation to clients, shareholders and all stakeholders.
GMO-PG will also continue to manage its business having the self-confidence
and readiness to pursue a yearly 10% (ratio to sales) investment ininfrastructure and development in order to allow for a steady increase inordinary income by more than 20% in the medium to long term. We have alsoestablished a basic dividend policy, setting the target dividend payout ratio at“roughly 35% of consolidated net income”.
We, the directors, employees and all persons concerned will continuously
endeavor to satisfy our clients and shareholders.
We thank our shareholders for the confidence they have placed in us.
Sincerely,

5

December 2013

7

Service Information . . . . . . . . . . . . . . . . . . . . 9
Consolidated Financial Statements . . . . . . . . . 11
Stock Information / Stock Price . . . . . . . . . . . . 13
Company Outline / Members of the Board. . . . 14

President

1Issei Ainoura
Mes s age 2

Financial Highlights

TopicsIncrease in sales and income for the 12th consecutive year and dividend increased accordingly
As a result of continuing increases in sales/income and enhancement of capital efficiency, our ROE (returnon equity) exceeded 20% for the second year in a row to stand at 23%. As net income exceeded our initialplan, we have increased the year-end dividend per share by 1.0 yen from the previous forecast to 24.50 yen.

Net sales

Ordinary income+22.4% year-on-year

Sales organization

Establishment of local branch in Kyushu (Kyushu branch)

In October 2012, we established the Kyushu branch in Fukuoka city. The Kyushu branch
became our third base, after Tokyo head office and the Osaka branch. We provide a wide
range of services and assist in every way as a partner for innovation in western japan.

+16.1% year-on-year(Thousand yen)(Thousand yen)

5,764,085

2,047,552

Kyushu branch

1,764,325
4,708,097

927,535

2,546,550

2010

2011

2012

2013

2009

Net income per share / Dividend

2010

2011

2012

Dividend(Net income per share)

ROE (return on equity)

New service
(%)

(Yen)

23.0

70.76
20.9
19.4
56.02
17.1

Hong Kong

Singapore2013

Net income per share+26.3% year-on-year

Opening of regional headquarters in Singapore

We opened subsidiary GMO PAYMENT GATEWAY PTE. LTD. in
October 2012 as a regional headquarters and established alocal entity, GMO PAYMENT GATEWAY HONG KONG LIMITEDin Hong Kong in September 2013. GMO-PG provide global
payment solutions to Japanese non-face-to-face businesses
with a local presence and by targeting of local markets, wehave been actively expanding our presence in Southeast Asia.

1,147,552

3,145,901

2009

Overseas business

1,431,391

3,866,316

Launch “GMO Payment Later” service

We established a consolidated subsidiary company “GMO Payment Service (GMO-PS)” in January 2013 and launched its
new “GMO Payment Later” service in May 2013. In the online shopping field, GMO-PS provide the infrastructure for new
payment services like deferred payment, which allows the user to pay at convenience stores or post offices after receiving
the goods.

17.0

24.50

44.69
19.50
34.27
30.70

10.50

Online advertising service

15.50
11.75

Receive Gold Award in the Google Excellent Performer
Contest for second year in a row

GMO-PG was awarded the Gold Award as part of the Google contest, Excellent Performer Award, for the January to June2013 period, and the Silver Award for the October to December 2012 period. GMO-PG has now been awarded this top
honor for the second year in a row.
2009

2010

2011

2012

2013

2009

2010

2011

2012

2013

* In July 1 2012 during FY2012, our company executed a 200-1 stock split. “Net income per share” and “Dividend” before FY2012 are accordingly adjusted forcomparative purposes, assuming that the stock split had been effective.
3 Fi nan cia l Highlights

Topics 4

Our Services in Your Life

Monthly fixed fees
Public utility
chargesPublic money

Online shopping

Contents sales

Taxes

Fees for various services

Our services are used in these areas.

Shopping on smartphone

5 O ur Se rv ice s in Your L ife

Online shopping

Fees for various services

Public money

Payment for the purchase of daily
necessities and fresh foods

Payment for travel tickets ordelivery services, etc.

Payment of the National
Pension Insurance, etc.

Shopping on smartphone

Monthly fixed fees

Taxes

Payment for purchases ofgoods or services on-the-go

Payment of monthly fees like water
delivery, newspapers, or magazines

Payment of taxes like theautomobile tax, etc.

Contents sales

Public utility charges

Payment for contents likemusic/ games/ e-books, etc.

Periodic payments likeelectricity, gas and water bills

Our Ser vices in Your Lif e 6

Business Outline

Management policy

Profit structure

Growth strategy

We believe a company is a place to educate
people.

Our structure is one that unites stableprofit with growth acceleration.

At GMO-PG, in order to become a leading company trusted

From the merchants who have introduced our payment

by our clients, we educate our employees so that every one ofprocessing service, we receive the fees detailed below.
. Fees for the introduction of our payment processing service

them will have pride and consciousness as the “owner” of thecompany, and that they will continue to make further efforts
towards improving their capabilities as professionals.

(Initial revenue). Monthly administration fees (Monthly revenue)

Furthermore, we are focusing on building a system of. F ees according to the number of processed payments

incentives which keeps the motivation of our employees high.

(Transaction processing revenue)

For example, our president, directors and managers provide. Fees according to the monetary amount of payments processed

direct training to our employees, we offer several welfare

by the merchant (Merchant acquiring service revenue)

We will expand based on the three strategies below:“Growth in the online payment field”“Exploitation of the recurring payment field”“Expansion of the value-added service/new fields”
We continue to expand in the “online payments field”,
including online shopping, and in the “recurring payments
field”, including public utility charges and taxes.
Furthermore, due to the expansion of new businesses,
operation/capital tie-ups with partner companies, thefoundation of subsidiary companies, and the promotion ofoverseas business, we can expand in the “value-added
services/new fields”. As a result, we can contribute to theimprovement of Japan’s EC ratio.

Smartphone-related business
GMO-PG is targeting opportunities arisingfrom the popularization of smartphones,
working to enhance the processing
capabilities of our systems, and offer a
range of services.
As internet shopping from smartphones can be made anytime,
anywhere, the number of transactions soar when bargain salecampaigns are on. We have integrated our data center toenhance processing capabilities and provide consistent highquality service.
In smartphone-related service, we provide a payment screen
optimized for smartphones and carrier’s (mobile phone

programs unique to GMO-PG, such as an allowance for

Our profit structure is based on a stable stock income ofparents and an allowance for educational insurance support.

monthly revenue backed up by transaction-related income

companies) payment services.

from transaction processing revenue and merchant acquiring

At the same time, we are taking up the challenge ofservice revenue, which is achieved by measured rate

Business content

commissions. As a result, our business model is one where our
profits fluctuate little with the economic situation, while
realizing stable profit and growth acceleration.

GMO-PG is a non-face-to-face payment processing
service provider and mainly provides linkage forcontracts, payment information and settlement
between online shops and various paymentbusinesses (*) such as credit card companies.

GMO-PG Group
Credit card payment
Convenience store
payment

We provide solutions including online transaction processing
for online stores, social and smartphone content sellers, andElectronic money
payment

processing of recurring payments, such as newspaper/

Pay-easy payment

magazine subscriptions and NHK television license fees. The
company also provides dedicated payment solutions for public
institutions including the Japan Pension Service and Tokyo
Metropolitan Government.
Moreover, we have made steady efforts to expand services inConsumer

Merchants

Cash on delivery

More than
44,000

Wallet payment
PayPal
Account transfer

areas related to the payment-processing business, such as

Carrier payment

customer-attraction or sales-improvement services, and global

Internet banking
payment

payment processing services, etc.

Deferred payment(*) C redit card companies, convenience stores, companies providing
electronic money, shipping companies (cash on delivery), financial
institutes (Pay-easy/account transfer/internet banking payment), overseas
payment companies (PayPal, etc.), companies providing wallets, mobile
phone companies (carrier payment), etc.
7 Busi n e ss Outline

More than 40
payment
businesses likecredit cardcompanies etc.

Our strengths“Products and service”, “Economies of scale”,
and “Strongly networked sales structure” areour strengths.

responding to new areas such as payments by smartphone inface-to-face field, and in-app payment in areas that fuse theface-to-face and non-face-to face fields.

1. Products and service
Besides services for online stores, we also provide a wide
range of services designed for various industries, corporate
scales and payment methods such as “recurring payments”
for public utility charges and monthly payment services.
Moreover we provide value-added services that support
merchants’ customer-attraction and sales-improvement
efforts, which have a highly positive synergy effect withpayment processing services.
2. Economies of scale
Our strength in system development/infrastructure investment
comes from leveraging the following economies of scale:“Largest domestic scale in number of operational merchants(more than 44,000)”, “1.2 trillion yen of payments processed”,
and “5 billion payment process transactions annually”.
3.Strongly networked sales structureOur sales force of more than 50 people works mainly onchannel sales, focusing mainly on credit card companies,
and direct business, based on web marketing. Since oursales department is organized in groups responsible fordifferent industries, we can provide business schemes
according to the characteristics of each industry.
Bus ines s Out line 8Service Information

PG Multi-Payment Service
SSL server
certification
Early
payment
serviceElectronicmoney
payment

Credit card
payment

Pay-easy
payment

Convenience
store
payment

Cash ondelivery

PayPalInternet banking
payment
Accounttransfer

Onlineadvertising
service

Carrier
payment

Deliveryservice

Payment Platform

GMO-PG online advertising service

Through the “PG Multi-Payment Service”, we provide a

We provide customer-attraction and sales-improvement service to businesses that use our payment

SaaS-type package service including various methods ofprocessing service. This service provides a wide range of support including web-based advertising on

payment such as credit card, convenience store,

Facebook and other social networks, Google analytics, the latest advertising methods including dynamic

electronic money, Pay-easy, PayPal, account transfer,re-marketing and demand side platform (DSP), Criteo, as well as Google AdWords, Yahoo! Listing andcash on delivery, carrier payment, internet banking

other SEM products. Because we are an online payment service provider, it is possible to operate online

payment, etc. Based on over 10 years of experience, theadvertising with the real time payment data analysis. Many merchants say they have seen an improvement“PG Multi-Payment Service” has been developed for all

in sales in excess of 20% since switching from another service or their own listing ad management.

EC businesses.
Merchants can introduce or add various kinds of payment
methods whenever they are needed and process andmanage all transaction on a web user interface.

GMO-PG Global Payment
The service enables Japanese companies engaged in nonface-to-face businesses such as EC, games, and digital

Credit card payment service for public
institutions

each market, without having to use a local payment
provider. By simply connecting to GMO-PG Global Platform,
EC businesses will be able to accept multiple payment

We provide specialized credit card payment processing service for “public

Sapporoutility charges” and “public money” for charges and taxes payable to themethods in multiple countries. GMO-PG provides Japaneseoperational support. As all transactions are processed inTokyo

local currencies, there is no impact from fluctuations in
exchange rates or remittance commission charges, meaning

Kyoto

that business can use the service with total peace of mind.

Fukuoka

Osaka
Kobe

“GMO Payment Later” service

GMO-PG Subsidiary/Affiliate Companies
GMO Epsilon, Inc. 100% subsidiary company (consolidated)

Social Appli Payment Service, Inc. 100% subsidiary company (consolidated)

In order to make online business possible for everybody, we
provide all the payment methods used for online shopping at areasonable price.

Our service “mopita” with more than 10 million members
provides customer-attraction, member administration, payment,
and settlement in a “one-stop service”.

GMO Payment Service, Inc. 100% subsidiary company (consolidated)

GMO PAYMENT GATEWAY PTE. LTD. 100% subsidiarycompany (consolidated)“GMO Payment Later” is a new payment services like deferred payment, which our consolidated subsidiary company

We provide “GMO Payment Later” service, which allows theuser to pay at convenience stores or post offices after receiving
the goods.

“GMO Payment Service, Inc.” provides. It allows the user to pay at convenience stores or post offices after receiving theConsumer Open Center Ltd. (equity method affiliate)

goods and there is considerable demand. The service is equipped with functions for payment, as well as invoicing and

We provide credit/debit card payment in the face-to-face field,
NFC (Near Field Communications) payments, and smartphone
payments.

collection from the purchaser, meaning that the merchant can use the service with ease and convenience.

9 Servi c e Information

Japanese company
expanding overseas

language support to merchants including negotiation and

Government and local authorities.
(Example of our main customers in this field)
Japan Broadcasting Corporation (NHK): broadcast
subscription fees
Japan Pension Service: National Pension Insurance
fees
Automobile tax: Tokyo Metropolitan Government,
Osaka Prefecture
Water rates: Tokyo Metropolitan Government,
Fukuoka city, Sapporo city, Kobe city, etc.
Hometown tax: Tokyo Metropolitan Government,
Osaka Prefecture, Kyoto Prefecture, etc.

GMO-PG
Global Payment

content sales to accept payments in the local currencies ofRegional headquarters in Singapore that provides the global
payment solution “GMO-PG Global Payment”.

Ser vice Inf or mat ion 10

Consolidated Financial Statements

Consolidated balance sheet
As of September
30, 2012

Total assets

As of September
30, 2013

3

Liabilities

AssetsCurrent assets
1 Cash and deposits
Accounts receivable-trade
Merchandise
Supplies
Advance payments-trade
Prepaid expenses
Deferred tax assets
Accounts receivable-other
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Tangible assets
Buildings
Accumulated depreciation
Buildings, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Lease assets
Accumulated depreciation
Lease assets, net
Total tangible assets
Intangible assets
Goodwill
Lease assets
Right of trademark
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and affiliates
Bonds of subsidiaries and affiliates
Investments in other securities of subsidiaries and affiliates
Long-term loans receivable from directors and employees
Claims provable in bankruptcy, claims provable in rehabilitation and other
Long-term prepaid expenses
Lease and guarantee deposits
Deferred tax assets
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets

12,774,220
540,475
323
342
209,089
48,647
95,199148,398
14,789(24,024)
13,807,461

Current liabilities
18,393,932
Accounts payable-trade652,397
Lease obligations
385
381
Accounts payable-other379,736
Income taxes payable
58,767
123,786
Accrued consumption taxes
69,197
Advances received
18,1302 Deposits received(25,772)
19,670,940
Unearned revenue

147,881

188,761

20,62734,090168,433

227,045392,246477,216

42,651

66,046

6,020

8,842

8,857,799

14,337,566

1,268

1,372

Provision for bonuses

109,300

156,000

60,465(17,818)
42,647297,298(196,842)
100,455
93,677(20,772)
72,905
216,008

Provision for directors’ bonuses
94,596(25,795) Other
68,801
Total current liabilities
293,069(202,111) Noncurrent liabilities
90,957
Lease obligations
148,626
Long-termlease and guarantee deposited(45,464)
103,162
Provision for directors’ remuneration Board Incentive Plan Trust
262,920
Total noncurrent liabilities

46,50035,420

5,153

4,648

9,797,882

15,537,011

52,151
1,688
678
367,518
66,246488,284

41,423 Total liabilities
14,191 Net assets
426
455,527 Shareholders’ equity
157,044
Common stock
668,612Additional paid-in capital

81,976
13,65811,00029,773
4,839
3,726
3,988
128,894
48,799(3,726)
322,928
1,027,221

Retained earnings
421,165
2,010
Treasury stock
11,000Total shareholders’ equity
35,296
3,746 Accumulated other comprehensive income
11,904
Other valuation difference on available-for-sale securities
6,114
Foreign currency translation adjustment
155,476
59,248
Total accumulated other comprehensive income(10,198)
Subscription rights to shares
695,764
1,627,298 Total net assets

14,834,683

21,298,239 Total liabilities and net assets

P O I N T

1

458,29090,756

5,583

6,650

−

30,00063,873

127,4079,861,756

15,664,418

680,203696,111

940,125

956,032

3,340,225

4,222,226(3,910)(264,723)

4,956,644

5,609,646

(117)

7,968

−

5,748

(117)

13,717

16,39910,456

4,972,926

5,633,820

14,834,683

21,298,239

P O I N T

2

Cash and deposits

Deposits received

The cash and deposits in assets increase/decrease as the deposits received inThis is an item due to the proceeds (amount of money which is paid from credit

liabilities increase/decrease.

card companies, etc. to the merchants through GMO-PG) which are paid to the

Therefore the amount of money GMO-PG can use for its business is themerchants through the merchant acquiring service and is recorded at every end

amount after deduction of the amount equal to the deposits which areof the month. (For some of the services like the early payment service, etc., theplanned to be paid to our merchants every month.

payment is completed within the month, therefore it is not recorded).

11 Consolida ted F ina ncia l Statements

Consolidated statements of income(Thousand yen)
As of September
30, 2012

As of September
30, 2013

4

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Earnings on investment in silent partnership
Earnings on reversal of dividends payable
Rent income
Exchange earnings
Other
Total non-operating income
Non-operating expenses
Interest expenses
Equity in losses of affiliates
Loss on investment in silent partnership
Rent expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Income from securities soldTotal extraordinary income
Extraordinary loss
Loss on retirement of noncurrent assets
Loss on valuation of investment securities
Total extraordinary loss
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Net income(Thousand yen)

FY2012(From October 1, 2011 to
September 30, 2012)

FY2013(From October 1, 2012 to
September 30, 2013)

4,708,097
708,566
3,999,530
2,245,771
1,753,759

5,764,085
1,030,813
4,733,271
2,684,406
2,048,865

737
106
12,468
7,429
923
14,250−1,330
37,246

3,074
16
−
−
1,172
14,497
23,2591,993
44,013p a y m e n t s , a m o u n t o f p ro c e s s e d

11,930−−13,954780
1426,6801,764,325

7,241
11,407
10,166
14,201−
2,310
45,326
2,047,552

Ordinary income and net income−−

16,77016,77035,713
1,573
37,286
1,727,039
739,704
26,573
766,277
960,761
960,761

5,991
12,29818,2892,046,032
872,859(43,853)
829,006
1,217,025
1,217,025

Consolidated statements of cash flows
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Balance of cash and cash equivalents at the beginning of the period
Balance of cash and cash equivalents at the end of the period

FY2013(From October 1, 2012 to
September 30, 2013)

1,448,640(388,450)(245,306)(652)
814,230
11,959,990
12,774,220

6,954,257(755,003)(632,002)
16,871
5,584,123
12,774,220
18,358,343

Shareholder’s equity
Commonstock

Balance at the end of the previous period
Changes of items during the period
Issuance of new shares
Dividends from surplus
Net income
Acquisition of treasury stock
Changes of items otherthan shareholders’ equity
during the period, net
Total changes of items during the period
Balance at the end of the period

Additional
paid-in capital

Retainedearnings

680,203

940,125 3,340,225

15,907

15,907(335,025)
1,217,025

15,907696,111

15,907882,000
956,032 4,222,226

Net sales
As GMO-PG’s three indexes (Numberof merchants, number of processed
payments) are in good condition andthe value-added services are in good
shape, consolidated net sales haveincreased 22.4% year on year.

P O I N T

4

We have strengthened our managementbase in order to allow for a steadyincrease in ordinary income by morethan 20% in the medium to long term
through investments in new businessfields and the transfer of the data
center.
As we transitioned to a positive sales
cycle in our value-added services thathave a high rate of sales cost, ordinary
income increased 16.1% on a year-onyear basis (The ratio of ordinary income
to net sales was 35.5%). Net income
increased 26.7% on a year-on-yearbasis due to the income from securities
sold.

(Thousand yen)

FY2013 (From October 1, 2012 to September 30, 2013)

Accumulated other comprehensive Income

Other valuation
Foreign currency Total other
Totaltranslation
comprehensive
Treasury stock shareholders’ difference on availablefor-sale securities
adjustment
incomeequity(3,910) 4,956,644

3(Thousand yen)

FY2012(From October 1, 2011 to
September 30, 2012)

Consolidated statements of changes in net assets

P O I N T

(117)

−

(117)

Subscription
rights toshares

16,399 4,972,926

31,814(335,025)
1,217,025(260,812) (260,812)(260,812) 653,002(264,723) 5,609,646

Total net
assets31,814(335,025)
1,217,025(260,812)
8,086

5,748

13,834(5,943)

7,890

8,086
7,968

5,748
5,748

13,834
13,717(5,943) 660,893
10,456 5,633,820

Cons olidat ed Financial St at ement s 12

Stock Information

Company Outline(As of the end of September 2013)(As of the end of September 2013)

Members of the Board(As of December 22, 2013)

Total number of shares authorized

51,200,000

Total number of shares issued

17,238,200

Number of shareholders

Number of shares for each shareholder

2,715

Financial products
brokers
66,022 shares

Financial institutions
2,053,400 shares

Major shareholders
Shareholder name(0.38%)(11.91%)
Individuals, others
2,749,440 shares

Number of shares

Percentage

8,924,800

51.77

Issei Ainoura

600,000

3.48

State Street Bank and Trust Company

575,629

3.33

Japan Trustee Services Bank, Ltd. (Trust account)

518,800

3.00

Northern Trust Company (AVFC) Sub Account American Clients

298,312

1.73

The Master Trust Bank of Japan, Ltd. (Trust account)

294,700

1.70

Foreigners
3,277,299 shares

JP Morgan Chase U.S. Pension Treaty Jasdec

257,800

1.49(19.01%)

The Dai-ichi Life Insurance Company, Limited(Special retirement account)

177,100

1.02

The Master Trust Bank of Japan, Ltd.
(Board Incentive Plan Trust)

165,700

0.96

The Nomura Trust and Banking Co., Ltd. (Trust account)

147,900

0.85

GMO Internet, Inc.

Treasury stocks
1,139 shares(0.01%)(15.95%)Name

GMO Payment Gateway, Inc.
(3769; Tokyo Stock Exchange, First section)

Chairman &Director

Masatoshi Kumagai

President & Representative
Director

Issei Ainoura

Executive Vice President

Ryu Muramatsu

Date of establishment

March 1995

Location

1-14-6, Dogenzaka, Shibuya-ku, Tokyo, Japan

Common stock

696 million Yen

Senior Managing Director

Satoru Isozaki

Additional paid-in capital

956 million Yen

Managing Director

Yuichi Hisada

Number of employees

233 (consolidated)

Director

Yasuhiko Kimura

Business outline

Credit card payment processing services and all related

Director

Tadashi Ohshima

operations

Director

Tomoyuki Murakami

Japan Consumer Credit Association (JCA)

External Director

Masaya Onagi

External Director

Akio Sato

Auditor (Full-time)

Yasuhiro Kanda

External Auditor

Akihiro Suzuki

External Auditor

Masashi Yasuda

AuditorTakashi Iinuma

External Auditor

Kazuo Ikeda

Member organization

Japan Multi-Payment Network Promotion Association (JAMPA)EC Payment Forum
Japan Association of New Economy

Other domestic
corporations
9,090,900 shares(52.74%)

Japan E-Commerce Consultant Association (JECCICA)

Subsidiaries

GMO Epsilon, Inc.
Social Appli Payment Service, Inc.
GMO Payment Service, Inc.
GMO PAYMENT GATEWAY PTE. LTD.

Affiliated company

Consumer Open Center, Ltd.

Stock Price (Monthly)(Yen)

GMO-PG members of the board (part-time duty not included)/Group Companies’ directors

3,000

2,500

2,000
*2

President & Representative
Director

Executive Vice President, Corporate
Value Creation Strategy Division
Director, GMO PAYMENTGATEWAY PTE. LTD.

Senior Managing Director,
General Manager of System
DivisionManaging Director, General Manager
of Innovation Partners Division
President & Representative Director,
Social Appli Payment Service, Inc.

Director, General Manager ofCorporate Support Division

Issei Ainoura

Ryu Muramatsu

Satoru Isozaki

Yuichi Hisada

Yasuhiko Kimura

Director, General Manager ofCustomer Delight Division

Director, Deputy General
Manager of Innovation
Partners Division

President & Representative
Director, GMO Epsilon, Inc.

President & Representative
Director, GMO Payment
Service, Inc.

President & Representative
Director, Consumer Open
Center Ltd.

Tadashi Ohshima

Tomoyuki Murakami

Yusuke Arai

Katsunari Mukai

Akira Takano

1,500

1,000
*1

500

0
2008/92009/3

2009/92010/3

2010/92011/3

2011/92012/3

2012/9*1 September 17, 2008, GMO-PG’s shares listed on the First Section of the Tokyo Stock Exchange.
*2 July 1, 2012, our company executed a 200-1 stock split. Stock price is accordingly adjusted assuming that the stock split had been effective.

13 Sto ck Informa tion / S tock Price

2013/3

2013/9Com pa ny Out line / Member s of t he Boar d 14

Shareholder MemoBusiness year

October 1 to September 30

Day of decision of the end-of-term dividend September 30
Day of decision of the mid-term dividend March 31
Annual meeting of shareholders December
Shareholder registry administrator Mitsubishi UFJ Trust and Banking Corporation
Contact

Transfer Agent Department, Mitsubishi UFJ Trust andBanking Corporation
7-10-11 Higashi-suna, Koto-ku, Tokyo 137-8081
Tel 0120-232-711 (Toll-free)

Stock listing

Tokyo Stock Exchange

Method of public notice

By electronic public notice
Public notice URL http://corp.gmo-pg.com/ir/(In the case of an accident or other inevitable reason
the electronic public notice is not possible, it will be
published in the Nikkei)[Information]
1. Note(1) With regard to the shareholder’s address change, specification of the dividend transfer account,purchase request and other procedures, these are principally done at the account administration
organization (securities company, etc.) at which the account has been opened. Please contact the
securities company at which you opened your account. Please note that the shareholder registryadministrator (Mitsubishi UFJ Trust and Banking Corporation) does not handle these matters.
(2) With regard to the unreceived dividends, payment will be executed at the Mitsubishi UFJ Trustand Banking Corporation.
2. About the Dividend StatementsT he enclosed “Dividend Statements” combines the “Payment Notice” which is made based on
the Act on Special Measures concerning Taxation. It can be used as certification of the dividend
amount after the receipt of the dividend, or as a document for the income tax return.
Shareholders receiving the dividend in their securities account (Distribution method proportional to
the number of shares) should confirm this with the securities company which made the transaction.
3. W ith regard to the procedures for shares recorded on special accounts, please contact Tokyo
Securities Transfer Agent Co, Ltd., the administrating organization for special accounts.
Contact address: Business Center, Tokyo Securities Transfer Agent Co, Ltd.
2-8-4 Izumi, Suginami-ku, Tokyo 168-8522
Tel 0120-49-7009 (Toll-free)

IR Site
GMO-PG’s website introduces company/financial information, business activities andtrends to shareholders and investors.
For a deeper understand of GMO-PG, please visit the website.

U RL http://c orp.gmo-pg.c om/i r/

G M O P a y m e n t G a t e w a y, I n c .
UR L h t t p ://www.g mo - p g .c o m /Tokyo Head OfficeOsaka Branch
Fukuoka Branch

Shibuya Humax Building 7F, 1-14-6 Dogenzaka, Shibuya-ku, Tokyo 150-0043 TEL 03-3464-2740
Midousuji Honmachi Building 11F, 3-5-7 Honmachi, Chuo-ku, Osaka 541-0053 TEL 06-6271-2237
Tenjin Miyuki Building 8F, 4-2-20 Tenjin, Chuo-ku, Fukuoka 810-0001
TEL 092-688-9018