Summary of Consolidated Financial Statements for FY2023 (IFRS)
November 13, 2023
Name of listed company:

GMO Payment Gateway, Inc.

Exchange: Tokyo Stock Exchange
https://www.gmo-pg.com/en/corp/

Stock code:

3769

URL:

Representative:
Contact:

Issei Ainoura
Ryu Muramatsu

President & Chief Executive Officer
Director, Executive Vice President

Tel: +81-3-3464-0182

Scheduled date for convocation
Scheduled date of commencementof the ordinary general
December 17, 2023
for dividend payment
shareholders’ meeting
Scheduled submission date of securities report
December 18, 2023
Supplemental materials prepared for financial results:
Yes

Yes

Information meeting arranged related to financial results:

December 18, 2023

(for institutional investors and analysts)(Amounts rounded down to the nearest million yen)

１．Consolidated Financial Statements for FY2023 (From October 1, 2022 to September 30, 2023)(1) Consolidated Financial Statements (Cumulative)
Revenue

Operating profit％

Mil Yen63,119 25.5
50,298 20.7

FY2023
FY2022

Mil Yen％(Percentages represent year-on-year change)

Profit before
income taxes％

Mil Yen

20,312 25.0
16,249 25.1

ProfitTotal
attributable to comprehensive
owners of parent
incomeProfit％Mil Yen

20,636 △40.6
34,756 161.6％

Mil Yen13,822 △43.3
24,361 171.2

13,475 △44.2
24,152 173.9

Return on equity using Return on assets
profit attributable to using profit before
owners of parent
taxes
Yen
％
％

Operating profit
marginBasic earnings per Diluted earnings
share
per shareYen

177.68318.45

FY2023
FY2022
Reference:

Equity in earnings of affiliates: FY2023

175.86
314.6615.0
33.8

107 Million yen

FY2022％

Mil Yen

17,662 △50.8
35,891 259.5

％

7.3
14.2

32.2
32.3

184 Million yen(2) Consolidated Financial Position
Total assets

FY2023
FY2022

Ratio of total equity
Total equity
Total equity
attributable toattributable to owners
attributable toowners of parent toof parent per shareowners of parent
total assets

Total equity

Mil Yen

Mil Yen

Mil Yen%Yen

292,346
273,407

94,80489,26092,274
87,12231.6
31.9

1,216.66
1,148.73(3) Consolidated Cash Flows
Cash flow fromoperating activities
FY2023
FY2022

Cash flow frominvesting activities

Cash flow from financial Closing balance of cash
activities
and cash equivalents

Mil Yen

Mil Yen

Mil Yen

Mil Yen

6,128
7,656

17,762△2,443△6,4192,635

133,658
113,967

２．Dividends
Annual dividend
End of Q1 End of Q2 End of Q3 Year-end
FY2022
FY2023
FY2024 (forecast)

Yen

Yen

Yen

0.00
0.00
0.00

0.00
0.00
0.00

0.00
0.00
0.00

Yen

Total

Dividend
Ratio of dividends
Payout ratio
to equity(consolidated)(consolidated)％％

Total Dividend
AmountYen

Mil Yen160.00 160.00
89.00 89.00
103.00 103.00

12,248
6,813

50.2
50.1
50.3

17.0
7.5

(Note) Breakdown of FY2022 year-end dividend; ordinary dividend ¥79.00, special dividend ¥81.00

３．Consolidated Financial Forecast for the Fiscal Year Ending September 2024
(From October 1, 2023 to September 30, 2024)(% represents year-on-year change)

Revenue
Q2 of FY2024(cumulative)
FY2024

Operating profit

Profit before
income taxes

ProfitBasic earnings
attributable toper shareowners of parent

ProfitMil Yen%

Mil Yen%

Mil Yen%

Mil Yen%

Mil Yen%Yen

35,341

16.0

12,47020.5

11,970

21.5

7,732

22.9

7,495

22.3

98.83

73,28616.1

25,00023.1

23,90415.8 15,961

15.5

15,52315.2

204.68―1―※Notices(1)

Changes of important subsidiaries during the period (change of specific subsidiaries that leads to a change in thescope of consolidation): No
Number of new subsidiaries: - (Name:); Number of excluded subsidiaries: - (Name:)(2)

Changes in the accounting policy / changes in the accounting estimation[1] Changes in accounting policy required by IFRS.: No[2] Changes in accounting policy other than [1]: No[3] Changes in accounting estimations: No(3)

Number of shares issued (common stock)[1] Number of shares issued at the end of the term(including treasury stock)[2] Number of treasury shares at the end of the term
[3] Average number of shares during the term

FY2023: 76,557,545

FY 2022: 76,557,545

FY2023: 715,071
FY2023: 75,842,482

FY 2022: 714,996
FY2022: 75,842,549(Note) Number of treasury shares at the end of the term above include the shares attributed to the directors’
remuneration board incentive plan trust and J-ESOP (709,705 shares for FY2022; 709,705 shares for FY2023.)

Reference: Summary of Non-consolidated Financial Statements
１．Non-consolidated Financial Statements for FY2023 (From October 1, 2022 to September 30, 2023)(Percentages represent year-on-year change)（１）Non-consolidated Financial Statements
Revenue
FY2023
FY2022

Operating profit

Net profit％

Mil Yen％

Mil Yen％

Mil Yen％32,07827,131

18.2
19.3

15,215
11,755

29.4
38.3

18,241
18,200

0.2
87.6

8,270
14,587

△43.3
112.6

Earnings per share
FY2023
FY2022

Ordinary profit

Mil Yen

Diluted earnings per
share

Yen

Yen

109.05
192.33105.50187.62（２）Non-consolidated Financial Position
Total assets
FY2023
FY2022

Total net assets

Equity ratio

Net asset per share

Mil Yen

Mil Yen％Yen

192,950
182,21351,96455,39526.9
30.4

685.17730.40

Reference: Owner’s equity FY2023 51,964 Million yen
FY2022
Note: Non-consolidated financial results are based on J-GAAP standards.

55,395 Million yen※

These financial statements are not subject to the review procedures.

※

Notes regarding the appropriate use of financial forecast and other important notes.

1. The above forecasts are outlooks based on information currently available and include various uncertain factors.
Actual performance may differ substantially from the forecasts due to changes in business conditions and otherfactors. For the assumption on which financial forecasts are based and matters to be considered in using financial
forecasts, please refer to “(5) Earnings Forecast” under “1. Qualitative Information on Consolidated Financial
Statements for the Fiscal Year” on page 12 of the attachment.
2 Results Presentation for Investors and Analysts to be held on November 14, 2023. Supporting materials and a videoof the presentation will be made available promptly on the company's website after the event.

―2―

Table of contents of attachments
１．Qualitative Information on Consolidated Financial Statements for the Fiscal Year…………………...................

4（１）Consolidated operating results…………………………………………………………………………………….

4（２）Status of consolidated financial position……………………………………………………………………….…

9（３）Status of cash flow position………………………………………………………………………………………... 10（４）Basic policy on profit distribution and dividends for current and next fiscal year…………………………….

11（５）Earnings forecasts……………………………………………………………………………………….……...….. 12
2．Management Policy..……………………………..………………………………………………………………….....

13（１）Basic policy on corporate management……………...……………………………………..……………………. 13（２）Management KPI targets………………………..……………………………………………………………….…

13（３）Priority issues to be addressed……………………….………………………………………………………...…

14

3．Basic Stance on Accounting Standard Selection..………………………………………..…………………………

16

4．Consolidated Financial Statements and Major Notes..…………………………...………………………………...

17（１）Consolidated balance sheet…………………………………………..………….………..………………...…….

17（２）Consolidated statement of income and statement of comprehensive income………………….……………. 19（３）Consolidated statement of changes in equity……………………………………………….………..………….

21（４）Consolidated statement of cash flows……………………………………………………………..….…………

22（５）Notes regarding the going concern assumptions……………………………………………………….……….

24（６）Notes regarding consolidated financial statement………………………………………….…...………………

24➀

Reporting entity…………………………………..…….…………………………………………………….. 24➁

Basis of preparation …………………………...……………..………...……………..…..………………..

24③

Significant accounting policies……………………………………………………………………..……….

24④

Cash and cash equivalents …………………………..………………………….…………..……………..

24⑤

Trade and other receivables …………………………………………….…..……………...………….

25⑥

Deposits to subsidiaries and affiliates…………..……………….…………..…..………………………… 25⑦

Segment information…………………………..……….……………………………………….……………

25⑧

Per share information……………………….……….……………………………….……………………...

27⑨

Significant subsequent events……………………………………..…………….…..……………………..

27

―3―

１．Qualitative Information on Consolidated Financial Statements for the Fiscal Year
（１）Consolidated operating results
Forward-looking statements in the document are based on the judgement of GMO Payment Gateway, Inc. (GMOPG or the Company) and its consolidated subsidiaries at the end of the fiscal year under review.
Consolidated operating results①

GMO-PG and its consolidated subsidiaries announces its earnings results for the consolidated fiscal year 2023
(October 1, 2022 to September 30, 2023) as follows.
(Unit: Thousand Yen)FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

Rate of change (%)

Revenue

50,298,354

63,119,117

25.5

Operating profit

16,249,114

20,312,237

25.0

Profit before income taxes

34,756,561

20,636,412△40.6

24,152,140

13,475,513△44.2

Profit attributable to ownersof parent
a. Revenue

Revenue reached ¥63,119 mil, up 25.5% YoY. The transaction volume and value, which is the sum total of online
billing, recurring billing, offline payment and GMO Payment After Delivery, increased by 27.6% YoY and by 31.8%
YoY, respectively. As a result, the Payment Processing Business revenue reached ¥47,913 mil (up 26.2% YoY),
Money Service Business (MSB) revenue was ¥14,088 mil (up 23.6% YoY) and Payment Enhancement Businessrevenue was ¥1,149 mil (up 21.9% YoY). For details, please refer to page 6 of “② Results by segment” foundunder “(1) Consolidated operating results” of “1. Qualitative Information on Consolidated Financial Statements
for the Fiscal Year”.

―4―Revenue breakdown by business model is as follows.
(Unit: Thousand Yen)FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

Rate of change(%)

Initial(Initial revenue)

7,335,680

11,403,745

55.5

Stock
(Fixed revenue)
Fee(Transaction processing
revenue)
Spread(Merchant acquiring service
revenue)

7,916,835

9,422,749

19.0

13,663,912

17,772,378

30.1

21,381,925

24,520,244

14.7

50,298,354

63,119,117

25.5

Business model

Total

b. Operating profit
Operating profit reached ¥20,312 mil, up by 25.0% YoY, achieving the earnings forecast for the fiscal year underreview and the management target of 25% operating profit growth for GMO-PG and its consolidated subsidiaries.
By segment, Payment Processing Business segment profit (operating profit) was ¥21,101 mil, up 20.3% YoY;
Money Service Business segment profit (operating profit) stood at ¥2,751 mil, up 11.6% YoY; Payment
Enhancement Business segment profit (operating profit) of ¥288 mil (up 65.6% YoY).
c. Profit before income taxes
Profit before income taxes reached ¥20,636 mil, down 40.6% YoY. The reason for FY2023 pre-tax profit to decline
by 40.6% YoY compared to the operating profit growth rate of 25.0% YoY is due to recording a gain on sale ofaffiliate accounted for using the equity method of ¥16,932 mil, arising from the transfer of all the shares of theformer equity method affiliate 2C2P Pte. Ltd.

―5―

②

Results by segment

Performance by reportable segment is explained below.
(Unit: Thousand Yen)
Segment
Payment Processing Business
Revenue
Segment profit (△=loss)

FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

Rate of change (%)

37,978,077
17,539,462

47,913,393
21,101,322

26.2
20.3

11,402,183
2,466,696

14,088,682
2,751,650

23.6
11.6

Money Service Business
Revenue
Segment profit (△=loss)
Payment Enhancement
Business
Revenue
Segment profit (△=loss)
Adjustments
Revenue
Segment profit (△=loss)

942,703
174,462

1,149,538
288,84221.9
65.6△24,609△3,931,506△32,496△3,829,578

－
－

Total
Revenue
Segment profit (△=loss)

50,298,354
16,249,114

63,119,117
20,312,237

25.5
25.0

a. Payment Processing Business
The Payment Processing Business focusses on expanding payment processing services for online billing,recurring billing, and offline payments, as well as providing Banking as a Service (BaaS) support to financial
institutions and business operators. In the online billing and recurring billing domain, we focused our efforts toacquire large and medium-to-small sized merchants across various industries as well as expand our services toa wide array of non-EC merchants, given the backdrop of the steadily expanding E-Commerce (EC) market.
In the fiscal year under review, the online billing and recurring billing domains showed a continued increase in
online payments to purchase daily goods, digital content and public dues/taxes as internet usage becomes
habitual since the nesting consumption behavior during the COVID-19 pandemic. In addition, online payments
were adopted by new industries given the heightened demand for digital transformation (DX). Furthermore,
payments increased in the non-merchandise domain, especially in travel and ticket sectors with the increase intravel and outings from the normalization of economic activities. However, the merchandise domain continues tobe adversely affected from the cycling through of nesting demand and the shift towards offline consumption forsmall-scale operators, despite signs of recovery at some large-scale merchants.
In the offline domain, GMO Financial Gate, Inc.’s initial revenue reached ¥11,116 mil (up 55.2% YoY) mainly
driven by sales of ‘stera’ payment terminals, thanks to (i) market expansion driven by heightened cashless
payment needs and recovery in inbound consumption, and (ii) continued high volumes of payment terminal
shipments used for large-scale projects from the beginning of the fiscal year, primarily for JAPAN POST Co., Ltd.
and, (iii) steady trend in winning orders from the focus market of Unattended Machine (UM) market such as
automated payment machines and ticket machines. In addition, recurring-model revenues (the sum total of stock,fee and spread revenues) was ¥4,792 mil (up 53.0% YoY) driven by the increase in initial revenues and steadyprogress in the number of operating terminals.
Furthermore, the Processing Platform service also expanded from BaaS (Banking as a Service) support services
to financial institutions and business operators to capture the growing need for cashless migration of payment
and digital transformation (DX).
As a result, segment revenue reached ¥47,913 mil, up 26.2% YoY, however, segment profit (operating profit)
was ¥21,101 mil, up 20.3% YoY due to recording a one-time expense in the second quarter, although this onetime expense was partially reversed in the third quarter.

―6―

b. Money Service Business
Money Service Business (MSB) consists of Early Payment service to help merchants improve their cash flow;
Transaction Lending service, a loan service for merchants; Lending service to overseas FinTech operators;
Remittance service; Instant Salary byGMO, a salary prepayment service, and GMO Payment After Delivery
provided by the consolidated subsidiary GMO Payment Service, Inc.
During the fiscal year under review, revenue for GMO Payment After Delivery, a payment method service,increased from the acquisition of large merchants and the impact of rate revisions despite the lingering negative
impact from the cycling through of nesting demand in the merchandise domain. Also, loan balance grew 37.1%
YoY for the lending service to overseas FinTech operators particularly in North America and India, which also
contributed to segment revenue growth.
As a result, segment revenue reached ¥14,088 mil, up 23.6% YoY, however, segment profit (operating profit)
was ¥2,751 mil, an increase of 11.6% YoY due to higher credit costs for GMO Payment After Delivery andprovisioning expense against some overseas borrowers, despite the steady trend in remittance service andInstant Salary byGMO.
c. Payment Enhancement Business
Payment Enhancement Business comprises of online advertising service to support the revenue growth atmerchants the Group transacts with, and “Medical Kakumei byGMO,” a reservation management system
exclusively for medical institutions to enable operational efficiency at reception counters, provided by the
consolidated subsidiary GMO Medical Reservations Technology Co. Ltd.
In the fiscal year under review, demand increased for services offered by GMO Medical Reservation Technology
Co. Ltd., such as smartphone-based app to make reservations, fill out medical questionnaires, complete
reception and payment as well as to consolidate multiple patient registration cards from medical institutions on
the smartphone, resulting in revenue growth of 47.3% YoY. On the other hand, online advertising revenue
decreased from changes in the market environment.
As a result of the above, segment revenue was ¥1,149 mil, up 21.9% YoY and segment profit (operating profit)
was ¥288 mil, up 65.6% YoY.

―7―

The table below shows the companies providing the various businesses/services by segment.
Segment
Payment
Processing
Business

Major service

Major companies of the service

Payment processing service(Online billing and recurring billing)

GMO Payment Gateway, Inc.
GMO Epsilon, Inc. (consolidated subsidiary)

Payment processing service
GMO Financial Gate, Inc. (consolidated subsidiary)(Offline)
GMO Payment After Delivery

GMO Payment Service, Inc.
(consolidated subsidiary)

Remittance service
Money Service
Business

Transaction Lending
Overseas Lending

GMO Epsilon, Inc. (consolidated subsidiary)
GMO Payment Gateway, Inc.
GMO Epsilon, Inc. (consolidated subsidiary)
GMO Payment Gateway, Inc.

Early Payment service
Payment

GMO Payment Gateway, Inc.

Online Advertising service

GMO Payment Gateway, Inc.
GMO Epsilon, Inc. (consolidated subsidiary)
GMO Payment Gateway, Inc.
GMO Medical Reservations Technology Co., Ltd.

Enhancement
Medical Kakumei byGMO
Business―8―(consolidated subsidiary)（２）Status of consolidated financial position
Assets, liabilities and equity
a. Assets
Total assets at the end of the consolidated fiscal year increased by ¥18,939 mil from the end of the previous
fiscal year to reach ¥292,346 mil. This is mainly due to the decline in deposits to subsidiaries and affiliatedcompanies of ¥11,200 mil. and other financial assets of ¥10,747 mil, which was offset by the increase in cash
and cash equivalents of ¥19,690 mil, trade and other receivables of ¥5,110 mil, advances paid of ¥8,964 mil,accrued revenues of ¥3,063 mil, and goodwill and intangible assets by ¥2,367 mil.
The balance of cash and cash equivalents at the end of the consolidated fiscal year under review includes ¥6,080
mil in deposits to subsidiaries and affiliated companies, as stated in “④ Cash and cash equivalents” of “(6) Notes
regarding consolidated financial statements.” Together with the ¥5,300 mil of deposits to subsidiaries andaffiliated companies stated in the consolidated balance sheet, the total balance of deposits to subsidiaries andaffiliated companies stands at ¥11,380 mil. These deposits of cash-on-hand utilizes the cash management
system (CMS) operated and managed by GMO Internet Group Inc. for the entire Group. This allows GMO-PG
and its consolidated subsidiaries to withdraw necessary funds in accordance with their expanding businesses,
by registering a withdrawal request after taking into account the number of days required to process theapplication, without the need to wait until the preset CMS repayment date.
b. Liabilities
Balance of liabilities at the end of the consolidated fiscal year under review stood at ¥197,541 mil, an increaseof ¥13,395 mil from the end of the previous consolidated fiscal year. This is mainly due to the increase in accrued
expenses of ¥2,090 mil, deposits received of ¥5,821 mil and borrowings of ¥6,350 mil, and income tax payablesof ¥2,971 mil, despite the decline in deferred tax liabilities of ¥4,420 mil.
c. Equity
Equity balance at the end of the consolidated fiscal year under review was ¥94,804 mil, an increase of ¥5,544
mil from the end of the previous consolidated fiscal year. This was mainly due to the increase in profit of ¥13,822
mil and other comprehensive income of ¥3,839 mil, despite the decrease in retained earnings for dividend
payment of ¥12,134 mil.

―9―

（３）Status of cash flow position
Overview of cash flow
Cash and cash equivalents (“funds”) at the end of the consolidated fiscal year under review increased by ¥19,690
mil compared to the balance at the start of the term, to reach ¥133,658 mil. The state of cash flow over the fiscal
year under review is discussed below.
ａ. Cash flow from operating activities
Net funds provided by operating activities during the consolidated fiscal year under review amounted to ¥6,128
mil, which compares to ¥7,656 mil in net funds acquired in the same period of the previous year. This resulted
from cash outflows from (i) increase in trade and other receivables of ¥4,624 mil, (ii) an increase in advances
paid of ¥8,964 mil, (iii) an increase in accrued revenues of ¥3,167 mil, (iv) income tax payments of ¥9,010 mil,which was offset by cash inflows of (i) profit before income tax of ¥20,636 mil, (ii) depreciation and amortizationof ¥2,413 mil, (iii) increase in accrued expenses of ¥2,327 mil, and (iii) increase in deposits received of ¥5,821
mil.
ｂ. Cash flow from investing activities
Net funds provided by investing activities during the consolidated fiscal year under review totaled ¥17,762 mil,compared to the net funds used of ¥2,443 mil during the same period of the previous year. This resulted fromcash outflows from (i) payment into restricted deposits of ¥12,707 mil, (ii) purchase of intangible assets of ¥4,098
mil and (iii) payment into deposits to subsidiaries and affiliated companies of ¥5,300 mil., which was partially
offset by cash inflows from (i) withdrawals from restricted deposits of ¥24,650 mil, (ii) withdrawal of deposits to
subsidiaries and affiliated companies of ¥16,500 mil.
ｃ. Cash flow from financing activities
Net funds used by financing activities over the consolidated fiscal year under review was ¥6,419 mil which
compares to net funds provided of ¥2,635 mil during the same period of the previous year. This is mainly due
to cash inflows from (i) net increase in short term borrowings of ¥2,900 mil and (ii) increase in long term
borrowings of ¥3,450 mil which was offset by cash outflows from dividend payouts of ¥12,127 mil.

―10―

（４）Basic policy on profit distribution and dividends for current and next fiscal year
GMO-PG and its consolidated subsidiaries places management priority on sustainably securing the necessary
retained earnings for future business expansion and for strengthening the organization, as well as to sustain astable level of shareholder returns.
The year-end dividend for the fiscal year ending September 2023 (FY2023) was initially forecast at ¥82 per share,as disclosed in the “Summary of Consolidated Financial Statements for FY2022” released on November 14, 2022.
However, as this fiscal year’s financial results is expected to exceed initial forecasts and in light of returning profits
to shareholders, the year-end dividend is expected to be revised up by ¥7 per share to ¥89 per share. (Refer toNote below)
Dividend for the next fiscal year (FY2024) is forecast at ¥103 per share based on the strong business plans andcontinued efforts to enhance shareholder returns through consecutive dividend increase since dividends
commenced that will collectively contribute to raise the corporate value in the medium- to long-term.
Retained earnings will continue to be effectively deployed to strengthen the organization as well as for aggressive
business expansion.
Details of the revision to dividends is as follows.

Annual Dividend
End of Q1

Yen

Year-end

Total
Yen

Yen

(Nov. 14, 2022)

―

―

82.00

82.00

Current forecast

―

―

―

89.00

89.00

0.00

0.00

0.00
160.00160.00(Ordinary dividend ¥79.00)(Ordinary dividend ¥79.00)(Special dividend ¥81.00)(Special dividend ¥81.00)

FY2023Yen

End of Q3―

Previous forecast

Yen

End of Q2

FY2022(FY ending

0.00

0.00

0.00

Sept. 2022)

Note: The above will be deliberated at the Board of Directors meeting scheduled on November 20, 2023.

―11―

（５）Earnings forecast
GMO-PG and its consolidated subsidiaries are positioned primarily within the E-Commerce (EC) market, and thecurrent B2C EC market for consumer merchandise continues to trend sluggishly due to the normalization of
economic activities. However, this market is expected to continue to grow over the medium-to-long term helped byfavorable externalities such as logistics industry reforms leading to increased usage by consumers. In the nonmerchandise domain, such as services and sectors closely related to daily life such as public utilities, taxes/publicdues and medical expenses, we expect continued high growth from the solid progress in online migration of
payments. In addition, the scope of the EC market itself is expanding driven by the online migration of inter-company
transactions (B2B) and inter-consumer transactions (C2C).
The offline domain, where the consolidated subsidiary GMO Financial Gate, Inc. is positioned, is undergoing an
acceleration in cashless adoption of various payment methods including credit cards. This is leading to new business
opportunities as well as to expand the scope of businesses for GMO-PG and its consolidated subsidiaries.
The business environment for the fiscal year ending September 2024 (FY2024) faces continued uncertainty overprivate consumption caused by uncertainties over the global state of affairs leading to a volatile capital market andthe decline in real wages, despite positive effects of the normalization of economic activities, recovery of inbound(foreign tourists) consumption and rising momentum for wage increases. This is expected to have a negative impact
on online payment for GMO-PG and its consolidated subsidiaries in the near term. Given this business environment,
we will work to strengthen the business foundation to continue to grow operating profit at a compound average
growth rate (CAGR) of 25% by pursuing the priority initiatives such as acquiring large-scale, growth-oriented
merchants and large-scale projects, industry-specific DX platforms, BaaS support services to financial institutions
and business operators and the next generation payment platform of ‘stera’.
The consolidated earnings forecast for FY2024 is revenue ¥73,286 mil (up 16.1% YoY), operating profit of ¥25,000
mil (up 23.1% YoY), profit before income taxes of ¥23,904 mil (up 15.8% YoY) and profit of ¥15,961 mil (up 15.5%
YoY) and profit attributable to owners of parent of ¥15,523 mil (up 15.2% YoY).

―12―

２．Management Policy（１）Basic policy of the corporate management
The management principle of GMO-PG and its consolidated subsidiaries is to “pursue both spiritual and material
prosperity for our partners by contributing to society.”■ Contribute to the advancement and progress of society by creating and developing markets with strong conviction,and pursuing fairness and transparency in business expansion.

■ Partners are defined as employees and officers, customers and business partners that are trustworthy persons andhave high integrity.

■ Employees and officers must demonstrate their richness of spirit, advanced problem-solving abilities, and a high levelof professionalism as they interact and exchange values with our customers in the pursuit of both spiritual and material
prosperity.
Based on this management principle, GMO-PG and its consolidated subsidiaries’ mission is to become the payment
process infrastructure of Japan and to contribute to building a safe and convenient payment for merchants and consumers.
We will promote our businesses according to the following basic policies:
・Adapt to the changing times
Progressiveness: Strive to secure the technical superiority of our products.
Flexibility: Make optimal project proposals that lives up to a fast-changing market.
・Establish our raison d’etre
Uniqueness: Strive to maintain the value of our existence through customer-oriented services.
Profitability: Surpass competitors by pursuing revenue growth and establish an unwavering position in the industry.
Autonomy and Education: Strive for perfection as a businessperson and be a role model in all aspects of performance,
attitude and mindset.
・Pursue the right conditions for profit
Sociability: Maintain a sound business and aggressively and continually enter new markets to expand the choice of
payment methods.
Rationality: Make quick and impartial business judgements giving foremost consideration to economic rationality.
・Be responsible to shareholders
Strive to maximize shareholder value through capital efficiency. Actively conduct IR activities and provide timely
and appropriate information to shareholders.

（２）Management KPI targets
GMO-PG and its consolidated subsidiaries emphasizes an operating profit growth rate of 25% as a management
performance indicator.
GMO-PG and its consolidated subsidiaries continues to make medium- to long-term investments in order to achieve the
25% operating profit growth rate, with a track record of achieving 25.0% YoY operating profit growth in FY2023.
As a company vested to build the payment infrastructure for the online (mainly EC market) and offline markets, we will
endeavor to create a safe and convenient EC and cashless environment that contributes to raise EC penetration, promote
Digital Transformation (DX) adoption and raise cashless penetration in Japan. In addition, GMO-PG and its consolidated
subsidiaries will continually strive to scale up by launching new businesses, forging business and capital alliances withother business partners, establish subsidiaries and pursue overseas expansion.

―13―

（３） Priority issues to be addressed(1) Strengthening information security
GMO-PG and is consolidated subsidiaries mainly provides payment processing services for credit cards and otherforms of payments, as well as manage material credit card information.
As part of the process to strengthen risk management system and prevention of information leaks, the Company
obtained certification for ISO/IEC 27001:2013 (Japanese Standards, JIS Q27001: 2014), the global standard for
information security management, applicable on all business offices, as the first ever listed payment processing
company. Consequently, the information security management system has been objectively assessed and determined
to be compliant and secure in accordance with strict international standards. With regards to PCI DSS, the global
standard for security jointly compiled by five international credit card companies of JCB; American Express; Discover;
MasterCard; and VISA, we have undergone the annual recertification review and have obtained the latest certificationin December 2022 after obtaining the first certification in December 2008.
With respect to the handling of personal information, the privacy mark has been obtained that certifies companies withimproved systems for taking appropriate protection measures for personal information in compliance with the JapaneseIndustrial Standards “JIS Q 15001:2017 Personal Information Protection Management System – Requirements.” In
addition to regulatory compliance, the Company has established and operates its own advanced level of personal
information protection management system.
(2) Strengthening the system development capabilities
Given that the businesses of GMO-PG and its consolidated subsidiaries are deeply related to Internet, we acknowledge
the importance to adopt competitive technologies and services in a timely manner in order to provide customers withcompetitive products.
Currently, employees carry out system design that incorporate changes in the system environment and/or customer
requests while outsourcing programming work to external entities to achieve efficiency and high-quality of services.
GMO-PG and its consolidated subsidiaries will continue its efforts to recruit highly skilled developers/engineers andfurther strengthen system development capabilities and services.
(3) Strengthen alliance-type business collaborations
In order ensure stable growth, it is essential to establish business alliances that secure mutually profitable
collaborations with corporations covering many merchants, payment companies and/or EC website builders, in order
to efficiently acquire new merchants. GMO-PG and its consolidated subsidiaries will continue to seek further alliancetype business collaborations, the hallmark of our sales activities, and management will be responsible for tracking the
progress of such activities.
(4) Expansion of business portfolio
As part of its management strategy, GMO-PG and is consolidated subsidiaries have constantly sought to expand thescope of business, with the B2C E-Commerce (EC) domain at its core, to taxes/public dues and utility charges, service
commerce, providing online payment in the B2B and C2C EC domains, providing Banking as a Service (BaaS) support
to financial institutions and business operators, as well as launching a payment method through the establishment of
GMO Payment Service Inc. This management strategy was further deployed for overseas expansion through aconsolidated subsidiary established in overseas locations and by expanding into the offline market business throughthe consolidated subsidiary GMO Financial Gate Inc. We will continue to pursue a diverse business portfolio centeredaround payment processing service and strive to sustainably expand revenues.
(5) Promotion of sustainability management
Guided by the management principle of GMO-PG and its consolidated subsidiaries to “pursue both spiritual andmaterial prosperity for our partners by contributing to society,” we have identified the material issues during FY2023
that need to be prioritized for their medium-to-long term impact to the business. Initiatives are underway to provide―14―

services centered around payment that support the migration towards online, cashless, paperless and digitaltransformation (DX) operations, deploying payment and financial services to drive social innovation, in addition tosustainability initiatives such as conversion to what is effectively renewable energy for powering the major data centers.
The Company will further advance its sustainability management going forward.

―15―

3. Basic Stance on Accounting Standard Selection
GMO-PG and is consolidated subsidiaries is focused on globally developing comprehensive payment-related services.
As such, and in order to improve financial information comparisons with international peers and disclosure standards
as well as to improve usability of information for shareholders and investors in Japan and overseas, GMO-PG has
voluntarily adopted IFRS applicable from the first quarter of FY2018 (FY ending September 2018).

―16―

４．Consolidated Financial Statements and Major Notes（１）Consolidated balance sheet
Notes

FY2022(September 30, 2022)(Unit: Thousand Yen)FY2023(September 30, 2023)

AssetsCurrent assets④

113,967,930

133,658,153⑤

13,964,116
54,422,846

18,953,746
63,387,197

30,331,694
1,532,298

33,395,131
2,405,040

16,500,000
12,917,180
620,9235,300,000
650,307
717,719244,256,990

258,467,295

3,542,380
6,942,428

3,353,504
9,310,325

8,608,123

9,194,822

3,501,426
5,095,976

3,622,301
6,615,112

Other non-current assets

1,342,570
117,283

1,700,228
83,227

Total non-current assets

29,150,189

33,879,522

273,407,179

292,346,818

Cash and cash equivalents
Trade and other receivables
Advances paid
Accrued revenue
Inventories
Deposits to subsidiaries and affiliates
Other financial assets
Other current assets⑥

Total current assets
Non-current assets
Property, plant and equipment
Goodwill and other intangible assets
Investments accounted for using
equity method
Trade and other receivables⑤

Other financial assets
Deferred Tax Assets

Total assets―17―

(Unit: Thousand Yen)
Notes

FY2022(September 30, 2022)

FY2023(September 30, 2023)

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables
Accrued expenses

5,595,583
23,280,877

6,555,211
25,371,033

Deposits received
Borrowings

91,410,677
17,000,000

97,231,797
20,395,000

Other financial liabilities
Income taxes payable, etc.

1,014,590
4,916,655

388,7657,888,647

Provisions
Other current liabilities

320,229
4,281,866

320,963
5,138,950

Total current liabilities

147,820,480

163,290,369

Non-current liabilities
Corporate bonds

19,678,403

19,763,730

Borrowings
Other financial liabilities

6,000,000
2,342,950

8,955,000
2,128,594

Provisions
Deferred tax liabilities

130,576
5,642,475

130,854
1,221,695

Other non-current liabilities

2,531,640

2,051,729

Total non-current liabilities

36,326,046

34,251,605

Total liabilities

184,146,527

197,541,975

EquityCapital stock

13,323,135

13,323,135

Capital surplus
Retained earnings

15,272,474
49,424,496

15,247,534
50,768,961

Treasury stock
Other items of equity
Total equity attributable to ownersof parent
Non-controlling interests△1,152,444
10,255,198△1,153,329
14,088,034

87,122,860

92,274,336

2,137,790

2,530,506

Total equity
Total liabilities and equity―18―

89,260,651

94,804,843

273,407,179

292,346,818

（２）Condensed consolidated statement of income and consolidated statement of comprehensive income
Condensed consolidated statement of income(Unit: Thousand Yen)
Notes

FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

50,298,354

63,119,117

9,171,529

11,449,719△16,662,790△23,133,579

33,635,563

39,985,538

278,819

303,126△17,604,584△19,892,578△60,685△83,847

Operating profit
Financial income

16,249,114

20,312,237

1,621,118

1,021,157

Financial expense
Equity method investment gains or loss

△230,509
184,697
16,932,140△804,773
107,790

Revenue(of which, interest income※)
Cost of revenue
Gross profit
Other income
Selling, general and administrative
expenses
Other expense

Gain on sale of equity method affiliate－

34,756,561

20,636,412△10,395,424△6,813,457

24,361,137

13,822,955

Non-controlling interests

24,152,140
208,996

13,475,513
347,441

Profit24,361,137

13,822,955⑧

318.45

177.68⑧314.66175.86

Profit before income taxes
Income tax expenses
ProfitProfit attributable to:
Owners of parent

Earnings per share (Yen/share)
Basic earnings per share
Diluted earnings per share（※）The figure presents the interest income calculated using the effective interest method as per IFRS 9 Financial
Instruments.

―19―

Consolidated statement of comprehensive income(Unit: Thousand Yen)FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

24,361,137

13,822,955

669,573

332,7435,986,425

459,973

6,655,998

792,717

5,060,086

3,047,227△186,034－

4,874,051

3,047,227

11,530,050

3,839,945

35,891,188

17,662,900

Non-controlling interests

35,671,476
219,711

17,316,479
346,421

Total

35,891,188

17,662,900

Notes
ProfitOther comprehensive income
Items that will not be reclassified to profit
or loss
Fair value of financial assets measured
through other comprehensive income
Shares of other comprehensive incomeof equity method affiliates
Total of Items that will not be reclassified
to profit or loss
Items that will be reclassified to profit orloss
Exchange differences on translation offoreign operations
Shares of other comprehensive incomeof equity method affiliates
Total of items that will be reclassified to
profit or loss
Other comprehensive income after
income taxes
Comprehensive income
Comprehensive income attributable to
Owners of parent―20―

（３）Consolidated statement of changes in equity
Previous consolidated fiscal year (From October 1, 2021 to September 30, 2022)

Notes Capitalstock
Balance as of October 1,
2021
ProfitOther comprehensive
incomeComprehensive income

13,323,135 15,191,927

Dividends
Dividends paid to noncontrolling interests
Transfer from otheritems of equity toretained earnings
Share-based paymenttransaction
Changes in the interestin controlled subsidiary
Total transactions withownersBalance as of September
30, 2022

CapitalsurplusRetainedearnings

Treasurystock

26,546,151 △1,152,444(Unit: Thousand Yen)
Total
Other
equityNonTotal
items of attributable controlling Equity
equityto owners interestsof parent
1,937,175

55,845,946

1,974,433

57,820,379－

24,152,140

208,996

24,361,137－－ 11,519,336

11,519,336

10,714

11,530,050

24,152,140－ 11,519,336

35,671,476

219,71135,891,188－－

24,152,140

－

－

－

－

－

－ △4,474,710－－ △4,474,710

－

－

－

－

－

－

△89,232△89,232－－

3,200,915－ △3,200,915

－

－

－

－

125,688

－

－

△399

125,289－

125,289－△45,141－－－△45,141

32,879△12,262－－

80,546 △1,273,795

13,323,135 15,272,474－ △3,201,314 △4,394,562

49,424,496 △1,152,444 10,255,198

87,122,860－ △4,474,710△56,353 △4,450,916
2,137,790

89,260,651

Current consolidated fiscal year (From October 1, 2022 to September 30, 2023)

Notes Capitalstock
Balance as of October 1,
2022
ProfitOther comprehensive
incomeComprehensive income
Purchase of treasury
sharesDividends
Dividends paid to noncontrolling interests
Transfer from otheritems of equity toretained earnings
Share-based paymenttransaction
Changes in the interestin controlled subsidiary
Other Increase or
Decrease
Total transactions withownersBalance as of September
30, 2023

Capitalsurplus13,323,135 15,272,474

Retainedearnings

Treasurystock(Unit: Thousand Yen)
TotalequityOther
Nonitems of attributable
controlling Total Equity
toownersequityof parent interests

49,424,496 △1,152,444 10,255,198

87,122,860

2,137,790

89,260,651－－

13,475,513－－

13,475,513

347,441

13,822,955

－

－

－

－

3,840,965

3,840,965△1,0203,839,945－－

13,475,513－

3,840,965

17,316,479

346,421

17,662,900

－

－

－

△884

－

△884

－

△884

－

－ △12,134,807－－ △12,134,807

－

－

－

－

－

－

△102,856△102,856

－

－

8,128

－

△8,128－－－－37,811－－－37,811－37,811－△62,751－－－△62,751

149,150

86,399－－△4,369－－△4,369－△4,369△24,940 △12,131,048△884△8,128 △12,165,003

46,294△12,118,709

2,530,506

94,804,843－

13,323,135 15,247,534

50,768,961 △1,153,329 14,088,034―21―

92,274,336－ △12,134,807

（４）Condensed consolidated statement of cash flows
Notes

FY2022(From October 1, 2021
to September 30, 2022)(Unit: Thousand Yen)FY2023(From October 1, 2022
to September 30, 2023)

34,756,561
2,148,382

20,636,412
2,413,187△1,390,608△216,383△184,697△107,790△16,932,140－

132,249△872,742△1,617,930△4,624,083△9,101,802△8,964,351△6,018,307△3,167,838

361,659

934,882

2,402,899

2,327,042

6,810,392

5,821,150

734,518

843,804

459,685△463,694

307,573
12,868,435
118,306△98,562△5,231,849△320,520
14,239,075
1,049,980△149,768△9,010,688

7,656,330

6,128,597△11,499,066－△12,707,360
24,650,549△321,711△529,601△2,649,120△466,540△4,098,162△1,082,255

24,487,557

118,8422,314,246

375,785△500,000－△16,500,000△5,300,000

2,000,000

16,500,000△78,114△163,407

7,586

795

761,320△3,081△2,443,843

17,762,101

Net cash provided by (used in) operating
activities
Profit before income taxes
Depreciation & amortization
Financial income and expense(△=gain)
Equity method investment gain/loss(△=increase)
Gain on sale of equity method affiliate
Increase/decrease in inventories(△=increase)
In/Decrease in trade andother receivables (△=increase)
In/Decrease in advances paid(△=increase)
In/Decrease in accrued revenues(△=increase)
In/Decrease in trade payables(△=decrease)
In/Decrease in accrued expenses(△=decrease)
In/Decrease in deposits received(△=decrease)
In/Decrease in other current liabilities(△=decrease)
In/Decrease in other non-current
liabilities (△=decrease)
Other
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in)operating activities
Net cash provided by (used in) investing
activities
Payments into restricted deposits
Withdrawals from restricted deposits
Purchase of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment
securities
Proceeds from distributions ofinvestments partnerships
Purchase of investments accounted forusing equity method
Payments into deposits to
subsidiaries and affiliates
Proceeds from withdrawal of deposits to
subsidiaries and affiliates
Purchase of other financial assets
Proceeds from sales of otherfinancial assets
OthersNet cash provided by (used in)investing activities―22―

FY2022(From October 1, 2021
to September 30, 2022)(Unit: Thousand Yen)FY2023(From October 1, 2022
to September 30, 2023)

2,000,000

2,900,000

6,000,000△158,515△4,471,570

3,450,000－△12,127,699△89,232△102,856

23,70523,890△668,924△562,667

2,635,462△6,419,333

1,596,015

2,218,857

9,443,965

19,690,222④

104,523,965

113,967,930④

113,967,930

133,658,153

Notes
Net cash provided by (used in) financing
activities
Net in/decrease in short-term borrowings(△=decrease)
Increase in long-term borrowings
Repayment of long-term borrowings
Dividends paid
Dividends paid to non-controllinginterests
Capital contributions from non-controllinginterests
Other
Net cash provided by (used in)financing activities
Effect of exchange rate changes on cash andcash equivalents
Increase or decrease in cash and cash
equivalents (△=decrease)
Balance of cash and cash equivalents at the
beginning of the period
Cash and cash equivalents at the end of
period―23―

（５）Notes regarding the going concern assumptions
Not applicable.

（６）Notes regarding condensed consolidated financial statements① Reporting entity
GMO Payment Gateway, Inc. (“the Company”) is a corporation (kabushiki kaisha) domiciled in Japan and listed on theTokyo Stock Exchange. The registered address of its head office is 2-3 Dogenzaka 1-chome, Shibuya-ku, Tokyo, Japan.
The consolidated financial statements for the fiscal year ending September 30, 2023, are comprised of the Company
and its subsidiaries and equity interest in affiliates. The ultimate parent of the Group is GMO Internet Group, Inc. GMOPG and its consolidated subsidiaries are engaged in the businesses of Payment Processing Business for payments
methods such as credit cards, Money Service Business and Payment Enhancement Business. (see ⑦ Segment
Information).
② Basis of preparationa. Compliance of consolidated financial statements to IFRSThe consolidated financial statements of GMO-PG consolidated subsidiaries satisfy all the criteria of a “DesignatedInternational Accounting Standards Specified Company” under Article 1-2 of the Regulation On Terminology, Forms,
and Preparation Methods of Consolidated Financial Statements. The consolidated financial statements are preparedin accordance with International Financial Reporting Standards (IFRS) pursuant to the provision of Article 93 of theRegulation for Consolidated Financial Statements.
b. Basis of measurement
The consolidated financial statements of GMO-PG consolidated subsidiaries is presented based on the accounting
principles stated under “③ Significant Accounting Principles”. The balance of assets and liabilities, unless otherwise
stated, have been prepared on a historical cost basis.
c. Functional and presentation currency
The consolidated financial statements of GMO-PG consolidated subsidiaries are presented in Japanese Yen (“JPY”;
all figures are rounded down to the nearest thousand), which is the functional currency.
③

Significant accounting policies
Significant accounting policies adopted for the consolidated financial statements for the fiscal year ended September
2023 for GMO-PG and is consolidated subsidiaries are the same as those adopted for the previous year’s
consolidated financial statements.

④

Cash and cash equivalents
Breakdown of cash and cash equivalents are as follows.
FY2022(September 30, 2022)
Cash and cash equivalents
Deposits toand affiliates

subsidiaries

Total(Unit: Thousand Yen)FY2023(September 30, 2023)

109,337,930

127,578,153

4,630,000

6,080,000

113,967,930

133,658,153

―24―

⑤

Trade and other receivables
Breakdown of trade and other receivables are as follows.
FY2022(September 30, 2022)
6,454,035(Unit: Thousand Yen)FY2023(September 30, 2023)
7,414,365

10,677,593

14,760,925

457,134

661,867△123,220△261,110

Total

17,465,542

22,576,047

Current assets

13,964,116

18,953,746

Non-current assets

3,501,426

3,622,301

17,465,542

22,576,047

Trade and other receivables
Operating loans
Other
Allowanceaccounts

fordoubtful

Total⑥

Deposits to subsidiaries and affiliates
The deposits to subsidiaries and affiliates are deposits made under the CMS (cash management system) of GMO
Internet Group.

⑦ Segment information（１）Overview of reportable segments
The reporting segments of GMO-PG and is consolidated subsidiaries are based on operational segments for which
separate financial information is available and which the Board of Directors regularly reviews to determine theallocation of management resources and evaluate its performance.
GMO-PG and is consolidated subsidiaries have businesses and subsidiaries according to the product and/or
service, and each product/service carries out the business activities and formulates comprehensive strategies
covering Japan and overseas.
Therefore, GMO-PG and is consolidated subsidiaries is comprised of various products and services grouped
according to the explanation above and multiple businesses are grouped and classified under the three reportablesegments of Payment Processing Business, Money Service Business and Payment Enhancement Business.
The main products and services included in the reportable segments are as shown below:
Reportable

Main products and services

Segment
Payment

Mainly payment processing for online billing, recurring billing as well as payment processing

Processing

service for offline payments.

Business
Money

ServiceBusiness

Mainly consists of GMO Payment After Delivery, money services such as Remittance,
Transaction Lending to provide growth funds, overseas Lending, Early Payment service toimprove merchant’s cash flow.

Payment

Mainly consists of online advertising service aimed at increasing revenues at merchants andEnhancement

the reservation management system exclusively for medical institution, “Medical Kakumei

Business

byGMO."―25―

（２）Segment information
Accounting principles applied to the reportable segments are the same as that of consolidated financial
statements.
Performance of segments is as shown below. Profit for the reportable segments is reconciled as operating profit
or loss. Intersegment transactions are based on equivalent prices of arm’s length transactions.
Previous consolidated fiscal year (From October 1, 2021 to September 30, 2022)(Unit: Thousand Yen)
Payment
Processing
Business

Money
ServiceBusiness

Payment
Enhancement
Business

37,954,521

11,402,183

941,650

50,298,354－

50,298,354

23,555－

1,053

24,609△24,609－37,978,077

11,402,183

942,703

50,322,964△24,609

50,298,354

17,539,462

2,466,696

174,462

20,180,620 △3,931,506

16,249,114

Financial income

－

－

－

－

－

1,621,118

Financial expense

－

－

－

－

－

△230,509

－

－

－

－

－

184,697

－

－

－

－

－

16,932,140

－

－

－

－

－

34,756,561

1,713,155

155,107

63,086

1,931,348

217,033

2,148,382

－

－

－

－

－

－

Revenues
Sales to externalcustomers
Intersegment revenue
Total
Segment profit (△=loss)

Equity method investment
gains (△=loss)
Gain on sale of equity method
investment
Profit before income taxes
Other items
Depreciation &amortization
Impairment Loss

Adjustments
Consolidated(Note)

Total(Note) Adjustment of segment profit of △¥3,931 mil consist of general corporate expenses not allocated to any
reportable segment of △¥4,082 mil and elimination of intersegment transactions of ¥151 mil. General corporate
expenses mainly consist of selling, general and administrative expenses not allocated to any reportable segment.
Current consolidated fiscal year (From October 1, 2022 to September 30, 2023)(Unit: Thousand Yen)
Payment
Processing
Business

Money
ServiceBusiness

Payment
Enhancement
Business

Total

47,881,802

14,088,563

1,148,751

63,119,117－

63,119,117

31,590118

786

32,496△32,496－

47,913,393

14,088,682

1,149,538

63,151,614△32,496

63,119,117

21,101,322

2,751,650

288,842

24,141,815 △3,829,578

20,312,237

Financial income

－

－

－

－

－

1,021,157

Financial expense

－

－

－

－

－

△804,773

Equity method investment
gains (△=loss)

－

－

－

－

－

107,790

Profit before income taxes

－

－

－

－

－

20,636,412

1,924,127

212,62375,8582,212,609

200,577

2,413,187

－

－

－

－

－

－

Revenues
Sales to externalcustomers
Intersegment revenue
Total
Segment profit (△=loss)

Other items
Depreciation &amortization
Impairment Loss

Adjustments
Consolidated(Note)(Note) Adjustment of segment profit of △¥3,829 mil consist of general corporate expenses not allocated to any
reportable segment of △¥4,005 mil and elimination of intersegment transactions of ¥176 mil. General corporate
expenses mainly consist of selling, general and administrative expenses not allocated to any reportable segment.

―26―

⑧ Per share information（１）Basic earnings per share and the basis for calculation
Basic earnings per share and the basis for calculation basic earnings per shares is as follows.
(Unit: Thousand Yen)FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

24,152,140－
24,152,140
75,842,549 shares¥318.45 per share

13,475,513－
13,475,513
75,842,482 shares¥177.68 per share

Profit attributable to ordinary shareholders of parent
Profit attributable to owners of parent
Profit not attributable to ordinary shareholders of parent
Profit used to calculate basic earnings per share
Average number of shares
Basic earnings per share（２）Diluted earnings per share and the basis for calculation

Diluted earnings per share and the basis for calculation diluted earnings per shares is as follows.
(Unit: Thousand Yen)FY2022(From October 1, 2021
to September 30, 2022)

FY2023(From October 1, 2022
to September 30, 2023)

24,152,140
56,69024,208,830
75,842,549 shares

13,475,513
56,121
13,531,634
75,842,482 shares

1,093,410 shares
76,935,959 shares¥314.66 per share

1,102,608 shares
76,945,090 shares¥175.86 per share

Profit attributable to ordinary shareholders after dilution
Profit used to calculate basic earnings per share
Adjustment to profit
Profit used to calculate diluted earnings per share
Average number of shares
Effect of dilutive securities
Convertible bond-type bonds with subscription rights
Number of shares after effect of dilutive shares
Diluted earnings per share⑨ Significant subsequent events
Not applicable.

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