Financial results briefing for the 3Q of FY2015（ O c t o b e r

1 ,2 0 1 4 - J u n e

3 0 ,

2 0 1 5 ）Themes：Strengthen the management foundation to be able
to further accelerate developments for the next ten years
July 30, 2015
GMO Payment Gateway, Inc.
(3769: Tokyo Stock Exchange section-1)

The 42 nd IR Meetingh t t p : / / c o r p . g m o - p g . c o m /A Cautionary Note About
the Contents of this Document

The contents of this document are based on generally
recognized economic and social conditions, as well as
premises judged to be reasonable by GMO Payment
Gateway as of July 30, 2015.
However, please note that they are subject to change
without prior notice in the event of changes in thebusiness environment or other unforeseen occurrences.

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

2

Agenda1. Summary
2. Growth strategy
3. Financial highlights
4. Results forecast for the term ending September 2015

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

3

1. Summary

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

4

1.1

Highlight & Lowlight

The positions of our group companies regarding the latest issues■Business partnership with Sumitomo Mitsui Baking Corporation and issue of
new shares by way of third-party allotment

・Establish a joint venture company that will provide credit card payment processing services and to be theoverwhelming No. 1 in the industry by providing our company’s services to the customer segments we have not beenable to reach.
・Capital reinforcement (procurement of about 8 billion yen) for expanding our company’s Money Service Businesses(MSB).

■GMO Internet and Aozora Bank Consider Internet Banking Partnership・In regard to the efforts in financial services, our company’s involvement will be considered.
・Strategic compartmentalization between the alliance of “GMO-PG and SMBC” and that of “GMO INTERNET GRUOP
and Aozora Bank” is clearly distinguishable.

■FinTech area has attracted various type of company

・Behind preceding Europe and the US, many company from large ones to ventures have started their services in Japan.
・To realize true FinTech by providing services which only our group companies can offer one after another.

■Payment related corporations have been listed and increased their capitals

successively (domestic and foreign corporations from large-scale to small-scale)・Because our company has been making essential responses based on the differences with competitors in terms of sizeand strategy, the impacts on our performances have been minimal.

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

5

1.2

FinTechOur efforts in FinTech field
Factors of expansion【External factors】＜Changes brought by FinTech＞

・Significant improvements ofthe price-performance ratioof computing resources

・Credit risk reduction
・Decrease in loan fees

・Evolution of technology (AI)・Lowering in remittance fees

・Entries of new IT
corporations

・Improvement of Balance Sheet

・Regional revitalization

FinTech・Explosive increase of data・Spread of smartphones【Internal factors】

Combining innovations
in IT and Finance・Sufficient amounts of data

＜Our services related to FinTech＞

・Payment after delivery
・Simplified Payment
・The smartphone payment
・Early payment service
・Remittance Service

・Customers vary in size andtype of business・Transaction Lending
・Payment using a token

・Human resources have beenable to be secured

・ｍPOS
※

・Bitcoin：MSB （Money service business）
Transaction Lending・Early payment service・Payment after delivery・Remittance Service,etc
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

6

1.3

Summary

Continuing good shape, increased income and revenue over 20%,net profit progression rate of 80.9%
YoY*% Increase

Summary of the consolidated results■Sales：■Operating income：■Ordinary income：■Net income：

6,427Million Yen
2,300Million Yen
2,317Million Yen
1,454Million Yen

Progress（+21.0％ / 74.3%）（+20.1％ / 77.3％）（+20.2％ / 77.7％）（+29.1％ / 80.9％）

Progress of the business■Payment processing services in good shape■Major subsidiaries’ strong performances■Launched new services
April 01
“zei.tokyo” (Metropolitan Tax Credit Card Payment Site) started
April 15
New credit card payment service using a “token” started
April 28
“GMO-PG Remittance Service” started
May 01
Multi-currency credit card payment service started
May 21“Inbound Marketing Service ” started
Forecast■Sales：8,656Million Yen（YoY +20.1％）■Operating income：
2,974Million Yen（YoY +20.1％）
・Although good performances are continued to be expected, because the investment phasewill further continue with the increasing business opportunities, either current year’s
forecast or dividend forecast is not changed.
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

7

1.4

Sales

Good shape in payment processing service and subsidiaries’,
sales up 24.1％■Sales+24.1％（1,000 yen）

• Payment processing service

Transaction processing revenue+29.6％
Merchant acquiring service revenue+29.1％

2,500,000
Payment systemdevelopment sales¥40Million
2,000,000

2,204,334

2,264,704

1,958,642
1,842,793

1,825,574

1,892,030（％:QonQ）

1,645,144
1,500,000

1,420,034• Payment after delivery+347.2%

1,469,820

1,311,166

1,563,063

1,307,506
1,162,012

1,176,791

1,061,787
1,000,000

500,000

01Q
FY20122Q
FY2013

3Q

4Q

FY2014FY2015

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

8

1.5

Operating/Ordinary income

Operating income up 20.2％, ordinary income excluding stock issue
expenses up 21.5%+20.2％■Operating income（1,000 yen）

（1,000 yen）

812,277

800,000

800,000

762,315600,000

661,953577,208

675,999

561,408561,247

479,031462,220

480,122472,151

601,701

600,000

390,941

300,000

200,000

200,000

100,000

100,000

00

FY20122Q
FY2013

3Q

4Q

FY2014FY2015465,565

560,812475,402

Excluding stock
issue expenses¥832.6M（+21.5％）
Stock issue expenses¥45M
600,113465,943

389,917400,000

300,000

1Q

480,414433,440

420,475
400,000

641,092

540,382
500,000

787,380
684,886

700,000

536,273
500,000

772,486

758,080

725,596700,000+15.0％■ Ordinary income

1Q

2Q

FY2012FY2013

3Q

4Q

FY2014FY2015

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

91.6.1

Sales（PG・EP・PS・FG）

Group companies showed good shape, GMO Payment Service isdriving forces behind the increased consolidated sales（1,000 yen）
5,000,000+17.8％

PG：GMO payment gateway
EP：GMO Epsilon
PS：GMO Payment Service(GMO Payment after delivery)
FG：GMO Financial Gate（former COC, Face to Face)※19.0％ increase except payment
system development sales
Payment systemdevelopment sales¥40Million

4,000,000

3,000,000

2,000,000+19.4％
1,000,000+347.2％0PG

EP

FY2014 3Q

Consolidated

PS

FY2015 3Q+56.8％
Equity method

FG

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

101.6.2

Ordinary income（PG・EP・PS・FG）

The effects of investment, generating profits little by little（1,000 yen）

+24.5％

1,400,000

Sales-cost ratio-0.3％
・Economies of scale and DC
integration effect

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

Sales-SG&A ratio-1.8％
・Continuing cost reduction effort（％:QonQ）

1,200,000+17.7％

1,000,000

800,000

31.4％

600,000

66.8％

29.7％

65.9％

400,000

200,000

Ordinary
income ratio+753.3％0(200,000)

PG※Except Dividends income from EP

EP

PS

FY2014 3Q

FY2015 3Q

FG

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

11

2. Growth strategy

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

12

2.1

Targeted growth line and strategies

To aim at profit growth of “20%+α” by accelerating growthwith recapitalization
20％+α growth line

Strategy 3Long-Term “Business area strategy”
Asian market etc

Strategy 3

20％ growth line

Strategy 2
Mid-Term ” Product strategy”
MSB etc

Strategy 2Strategy 1
Short-Term “Market targeting strategy”
Broad definition EC market（JV・BtoB） etc

Strategy 1

Now

Growth rate of
narrow definition EC
10～15％

Timing of profit contributions
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

13

2.2.1Strategy 1 “Market targeting strategy”
Broad definition EC market

Spreading e-commerce is our growth opportunity
BtoB

BtoC

CtoC

Enormous market
potential

Narrow definition
BtoC-EC market

Developing market¥1,000trillion¥12 trillion¥1 trillion

Growing at an annual
rate of 10~15%

OnlineFlea market

BtoB EC credit
card payments

Services,
digital contents

Offline※経済産業省「平成26年度電子商取引に関する市場調査」

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

14

2.2.2Strategy 1 “Market targeting strategy”
Establish a Joint Venture company

To provide our services to merchants of the joint venture
which will be established jointly with SMBC
Capital and Business Partnership

Capital(approx. ¥4bn)

Business
partnership
Capital(approx. ¥4bn)

CapitalUse of the system

Sales resource

JV for payment
processing services(Newly establish)

CapitalIntroduce of merchants【Objective】
Establish a joint venture company（being overwhelming position of No. 1 in Japan）【Impact on BS・PL 】（FY2015）
BS Increase in capital stock
PL Stock issue expense

Approx. ¥4bn（Capital stock ¥4.7bn）¥45million（Non-operating expenses）（FY2016~）
BS Investment in establishment of joint venture
PL Inclusion of JV’s profit and loss

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

15

2.2.3Strategy 1 “Market targeting strategy”
BtoB Market

To promote the use of credit cards for BtoB transactions
with four channels strategy¥1,000trillion

Amount of processed payments

Channel 1：
Provision of systems to massive corporate
families

Trends of BtoB ratio（%）

Number of operating stores

1.4%

Enterprise

1.2%

Channel 2：

1.0%

Visa Business Pay（Enterprise～Long tail）

0.8%

SME
Channel 3：

0.6%

Direct sales of “PG Multipayment”
Channel 4：
Connection with the B2B shoppingcart,「EC-CUBE」「MakeShop」

0.4%

0.2%

2014/4Visa Business Pay
2014/9EC-CUBE B2BLong tail
0.0%
13/12

14/3

14/6

14/9

14/12

15/3

15/6

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

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

16

2.3.1Strategy 2” Product strategy”
MSB

To develop businesses in stages
STEP1

Services

Representative
contract（Spread）

STEP2

STEP3

STEP4

STEP5

Early payment

Payment due
twice

×2 Lending

Transaction
lending

2015/8：Offering optimal payment cycle

Due date

The end of
the month

The end of
the month

Twice

ー

ー

Payment term

After 40days

After 30
days

After 15
days

ー

ー

Charge amount

Sales

Sales

Sales

Sales
×2

Sales
×N

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

172.3.2 Strategy 2” Product strategy”
MSB (Representative contract model)

To realize the expansion into financial businesses with money flow
derived from the representative contract model
Consumer

Merchant

GMO-PG group

Business related①②③

Credit cardcompanies

Revenue model (Segment)

①
②
③
④

Initial revenue

Merchant acquiring
service revenue

Monthly revenue④

Transaction
processing revenue
Merchant acquiring
service revenue

Cash flow

Our revenue

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

18

2.3.3Strategy 2” Product strategy”
MSB (Definition)

Services only payment processing agencies can provide
Consumer

Merchant

GMO-PG group

Business related

GMO-PG Remittance Service（③）
Efficient and secure refund and remittanceprocessing for e-commerce operators

Transaction
lending（④）
RefundRemittance

Revenue model (segment)

①
②
③
④

Credit card companies
Convenience storesElectronic money
Mobile phone companies
etc

Financing money
for growth

Dealing with daily transactions

Early payment

Early payment（④）

Payment

Improving cash flows by moving up
the date of payment to member stores

Initial revenue
Monthly revenue
Transaction
processing revenue
Merchant acquiring
service revenue

Payment after delivery（③）
Improving cash flows“GMO payment
after delivery”
Copyright (C) 1995 GMO Payment Gateway, Inc. All Rights Reserved.

192.3.4

Strategy 2” Product strategy”
MSB (Early payment service)

Improving cash flows by moving up the date of payment
Marchants can select the number ofpayment due, due date and payment termfrom predefined number of times and datefor each payment methods

Offering optimal payment cycle to meetthe cash-flow needs of EC merchants

The shortest payment term of two business days
among all payment services offered to EC merchants

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

20

2.4.1Strategy 3 “Business area strategy”
Asian market①

EC market in Asia is larger than North America, ASEAN grows fast
GlobalBillionUS$(Global) 1,000

BillionBillionUSD
US$(ASEAN) (ASEAN)

ASEAN & Japan
40

BillionUS$(Japan)
200

30

150

20

100

10

50

800

600

400

200

0

0

0
2013

2014

2015

2016

2017

2018

Asia-PacificNorth America

Western Europe

Other

2013

2014

2015

ASEAN

2016

2017

2018

Japan

Reference :eMarketer（2014）, An analysis on e-commerce market in south-east Asia released by Frost & Sullivan (July 4th, 2014)

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

21

2.4.2 Strategy 3 “Business area strategy”
Asian market②
The progress of our global strategy
Hong Kong
MyanmarTaiwan

GMO-PG Global Payment
GMO Global Payment Fund(GPF)
GMO-PG×GMO-VP

LaosThailand

Viet Nam

Philippines

Cambodia
Malaysia

Our oversea entities

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

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

22

2.5

Portfolio of income（Image）

Growing with the target of the ordinary income of
10 billion yen around the fiscal year 2020 as a passing point
The products that contribute to our company’s business and the
profitable growth (Speech balloon)■ Payment processing service & related service■ MSB■ Oversea■ Face to face, other

MSB

etc

GMO-PG Global Payment
GMO Global Payment Fund
Support services
etc

Early payment services NEWNEW
TL（PG・EP）
Remittance Service NEW
etc

Related service
Security service
NEW
Token
Shipping services・SSL
Online Advertising Service

etc

Ordinary ¥0.19bil.
income2005

Payment processing service“Multi-Payment Service”
Addition of payment method“Zei.tokyo”
NEW
BtoB・CtoC Platform
Multi-Currency PaymentNEW¥3bil.

¥10bil.

¥25bil.

2015

Around 2020

Around 2025

etc

¥100bil.
Around 2030

※Ordinary income：2005:actual, 2015:forecast, Other numbers:targets
MSB：Money service business
NEW：Results of FY2015

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

23

3. Financial highlights

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

24

3.1

Summary of the consolidated results

Sales and income up over 20％, OP margin up 0.3 point（Million yen）

FY2015 3Q

FY2014 3Q

Results

Sales
composition

Growth

Sales

6,427

100.0 %

Cost of sales

1,366

Gross
incomeFY2015

Sales
Forecast
Composition

ChangeResults

1,114+21.0 %

5,313

100.0 %

8,656

21.3

298

+27.9

1,067

20.1

-

-

5,061

78.7

816

+19.2

4,245

79.9

-

-

SG&A

2,761

43.0

431

+18.5

2,330

43.9

-

-

Operatingincome

2,300

35.8

385

+20.1

1,915

36.0

2,974

77.3

Ordinary
income

2,317

36.1

390

+20.2

1,927

36.3

2,985

77.7

Net income

1,454

22.6

327

+29.1

1,126

21.2

1,797

80.9

Net income
per share(Yen)

42.04

-

9.38

-

32.66

-

51.00

-

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

Progress

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

74.3 %

25

3.2

Summary of the consolidated balance sheets¥4billion capital increase through third-party allotment（Million yen）

Results for
3Q, FY2015

Results for
3Q, FY2014

Change（Million yen）

Results for
3Q, FY2015

Results for
3Q, FY2014

ChangeCurrent assets

39,86822,967

16,900Current liabilities

26,895

18,346

8,549

Cash and deposits

34,93421,02913,905

Deposits

24,243

16,982

7,260

Advance payments

1,567

619

947

Increase of early
payment service

Accounts receivable

998

504

494

Allowance for
doubtful accounts

△159

△34

△125

Other current assets

2,527

1,001

1,525

3,030

1,932

1,098

Tangible fixed assets

218

249

△31

Intangible fixed
assets

861

761

99

Valuation andtranslation
adjustments
Subscription rights
to shares

Fixed assets

Software

664

616

47

Investments andother assets

1,951

921

1,030

Total assets

42,89824,89917,999

Increase of payment later
Accounts payable

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

1,763

515

1,248

Other current
liabilities

888

849

39

Non-current liabilities

179

174

5

Shareholders’ equity

15,668

6,338

9,329

4,710

708

4,002
Third-party allotment

153

33

119

Total net assets

15,823

6,378

9,445

Total of liabilities and net
assets42,89824,89917,999

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

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

26

3.3

Sales results for each segment

Transaction processing revenue and merchant acquiring service
revenue are in good shape. Initial revenue up 17.2%(¥1,000）
900,000

800,000

y-o-yInitial revenue+17.2％

Monthly revenue＋12.8％

Transaction processing revenue＋29.6％

700,000

Merchant acquiring service revenue ＋29.1%

600,000

568,811473,999

500,000
403,729400,000

357,956
320,293371,745
336,130

464,540
401,280
374,667

390,290363,264

752,202431,131
396,019441,038
425,963689,264

670,573705,327584,529505,369
483,241

470,792
464,560

681,844659,842582,291

529,688526,214889,917

873,483

526,041
501,688

540,507
499,083

565,664
528,120

516,330

300,000
183,609200,000

100,000

125,630

94,811

93,072

117,872

112,981

127,249

147,110

127,499

108,580

142,887
105,579

127,2790
12/6 (3Q)

12/9 (4Q)

12/12 (1Q)

Initial revenue

13/3 (2Q)

13/6 (3Q)

Monthly revenue

13/9 (4Q)

13/12 (1Q)

14/3 (2Q)

Transaction processing revenue

14/6 (3Q)

14/9 (4Q)

14/12 (1Q)

15/3 (2Q)

15/6 (3Q)

Merchant acquiring service revenue

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

27

3.4

Cost of sales ratio/SG&A ratio

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

2,500,000

2,000,000

53.2%

51.6%

45.8%

43.9%

44.4%

45.6%

44.0%

42.9%
43.2%
1,892,030
1,842,793 1,825,574

1,420,034

2,204,334

1,958,642
43.5%

2,264,704

41.7%
40.0%

1,469,820

1,311,166

1,307,506

50.0%

43.8%

1,645,144

1,563,063
1,500,000

50.9%

30.0%

1,176,791

1,000,000
15.3%

17.8%

17.7%

16.9%

19.3%

18.2%

17.8%

696,122600,491

517,179
179,489

630,407

20.0%

19.5%

19.5%

647,175

220,442

231,643

253,353

261,235

284,580

12/9 (4Q)

12/12 (1Q)

13/3 (2Q)

13/6 (3Q)

13/9 (4Q)

796,546

750,260

317,675

21.5%
966,013

962,443806,331500,000

20.9%

22.4%

944,400

20.0%

851,039

783,601

476,005

384,293

365,973368,339

382,006

14/3 (2Q)

14/6 (3Q)

14/9 (4Q)

14/12 (1Q)

508,027
10.0%

0.0%

0
12/6 (3Q)

Sales

Sales-cost

SG&A

13/12 (1Q)

Sales-cost ratio

15/3(2Q)

15/6(3Q)

Sales-SG&A ratio

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

28

3.5

Transition of the major factors

Share of the merchant acquiring service revenue in the amountof processed payments became 35%

Number of operating stores 57,569, /Amount of processed payments ¥440billion, /Number of processed payments 204million

Number ofoperatingstores

4,000

60,00050,000

Amount ofprocessed payments（100 million yen）

Number of processed
payments (10,000 trx)

20,000

3,000
2,000

15,0001,000
40,0000

Share of themerchant acquiring
service revenue
in the settlement
amount: 35%

30,00010,00020,0005,000
10,0000

0
09/6

09/9 09/12 10/3

Recurring payment

10/6

10/9 10/12 11/3

11/6

Online payment

11/9 11/12 12/3

12/6

12/9 12/12 13/3

Number of operating stores

13/6

13/9 13/12 14/3

14/6

14/9 14/12 15/3

15/6

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

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

29

4. Results forecast for the term ending
September 2015

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

30

4.1

Summary of the consolidated results (Forecast)

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

8,656,000※％ yoy8,000,000

Sales
7,205,542

7,000,000¥18.006,000,000

5,764,085

5,000,000

4,708,097
3,866,316

4,000,000
3,145,901
3,000,000¥15.002006/92007/9Sales

2008/92009/92010/9Operating income

Ordinary income+18.1％Net income+18.6％¥9.75
2,974,000¥7.75

2011/9Operating income +20.1％¥12.252,476,408
2,985,000

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

2012/9Ordinary income

2013/92014/92015/9E

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

Dividend

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

31

4.2

Sales for each segment (Forecast)

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

Cultivating large-scale
merchants

8,000,000

7,000,000+ 26.7％6,000,000+ 27.6％5,000,000“GMO payment later”
expantion+ 28.4％4,000,000+ 22.8％+ 36.4％3,000,000+ 40.3％2,000,000+155.5％1,000,000

0

+ 29％

listed on
the TSE+45.4％+41.4％+95.0％+44.4％+88.4％+46.9％+14.2％ +4.1％+15.4％ +6.4％+166.1％ -22.2％ +6.6％+25.9％+9.9％+ 17.3％+ 14.8％+ 16.6％+ 18.1％+1.9％ +15.6％ + 19.4％+ 22％+ 22.4％+ 21.8％+ 24.6％+24.6％ +10.6％ + 11.5％ + 7.1％ + 20.0％ + 12.6％
2011/92012/92013/9+ 24.9％+ 25.6％

2014/9

+ 10％

+ 7％

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

38,364

98,011

191,126

360,138

529,138

666,209934,441

2015/9E

Transaction processing revenue

327,409

476,041

687,235

784,799

816,868

897,658

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

Monthly revenue

344,083

486,490561,253

597,193608,236

702,946

839,522

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

Initial revenue

91,920244,613

190,336

202,880

252,828

279,735

311,813333,895

Conservative sales
plan of “Online
Advertising Service“
System development
Services for largesized enterprises

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

400,823

451,175

566,799

605,195

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

32

Thank you very much!

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

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