GMO internet (9449) Q3 2025 earnings summary

Executive summary

• Achieved record-high consolidated net sales of JPY 213.8B and operating profit of JPY 44.4B for the nine months ended September 2025, up 3.7% and 24.2% year-over-year, respectively.

• Infrastructure and Security segments drove growth, with Infrastructure marking record highs for the third consecutive quarter.

• Strategic focus on security, AI, and robotics, with major initiatives and conferences to accelerate technology adoption.

• Segment reorganization effective January 1, 2025, spun off Internet Security as a new segment and transferred certain businesses to better align with strategic priorities.

• GPU Cloud business turned profitable on a monthly basis and entered the investment recovery phase.

Financial highlights

• Q3 FY2025 (Jul–Sep): Net sales JPY 71.2B (+2.4% YoY), operating profit JPY 14.7B (+24.6% YoY), ordinary profit JPY 13.1B (+39.3% YoY), net profit JPY 2.8B (+16.6% YoY).

• Nine months (Jan–Sep): Net sales JPY 213.8B (+3.7% YoY), operating profit JPY 44.4B (+24.2% YoY), ordinary profit JPY 41.4B (+19.6% YoY), net profit JPY 13.6B (+33.4% YoY).

• Operating profit margin improved to 20.8% from 17.4% YoY.

• Gross profit for the nine months ended September 30, 2025 was ¥128,042 million, up from ¥123,494 million year-over-year.

• Net profit per share increased to ¥132.75 from ¥96.28 year-over-year.

Outlook and guidance

• Focus remains on long-term management and sustainable growth, with security positioned as a mid- to long-term growth driver.

• Plans to expand AI and robotics initiatives, including biannual conferences and new service launches.

• No consolidated results or dividend forecast disclosed due to unpredictability in cryptoasset prices, economic conditions, and capital gains timing.