GMO Payment Gateway, Inc., 1% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 21 yen, Plan to continue the 124 yen policy this fiscal year as well

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Tue Nov 12, 2024 3:31 pm JST Earnings

3769 GMO Payment Gateway, Inc. 【IFRS】

Earnings Report

GMO Payment Gateway, Inc. <3769> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 12th (15:31). The consolidated net income for the fiscal year ending September 2024 expanded to 38.8% from the previous period to 18.7 billion yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 1.0% from the previous period to 18.5 billion yen.

At the same time, the company increased the annual dividend for the previous term from 103 yen to 124 yen (compared to 89 yen in the prior term), and has decided to continue with a dividend of 124 yen for the current term as well.

In the most recent three-month period, from July to September (4Q), the consolidated net income increased by 50.5% from the same period last year, reaching 4.45 billion yen. The operating profit margin rose from 26.6% in the same period last year to 28.9%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	50,298	16,249	34,756	24,152	318.5	160	Nov 14, 2022	IFRS
Sep, 2023	63,119	20,312	20,636	13,475	177.7	89	Nov 13, 2023	IFRS
Sep, 2024	73,785	25,187	27,504	18,705	246.6	124	Nov 12, 2024	IFRS
YoY	+16.9%	+24.0%	+33.3%	+38.8%	+38.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	73,286	25,000	23,904	15,523	204.7	103	Nov 13, 2023	IFRS
Sep, 2024 Results	73,785	25,187	27,504	18,705	246.6	124	Nov 12, 2024	IFRS
Revision Rate	+0.7%	+0.7%	+15.1%	+20.5%	+20.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	36,099	12,652	13,118	8,328	109.8	0	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	39,130	14,977	14,290	8,900	117.3	0	Nov 12, 2024	IFRS
YoY	+8.4%	+18.4%	+8.9%	+6.9%	+6.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	63,119	20,312	20,636	13,475	177.7	89	Nov 13, 2023	IFRS
Sep, 2024	73,785	25,187	27,504	18,705	246.6	124	Nov 12, 2024	IFRS
Sep, 2025 Guidance	83,377	30,225	28,722	18,511	244.1	124	Nov 12, 2024	IFRS
YoY	+13.0%	+20.0%	+4.4%	-1.0%	-1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,119	4,290	4,682	2,960	39.0	26.6	Nov 13, 2023	IFRS
Oct - Dec, 2023	17,785	5,830	5,919	3,447	45.5	32.8	Feb 13, 2024	IFRS
Jan - Mar, 2024	18,314	6,822	7,199	4,881	64.4	37.3	May 10, 2024	IFRS
Apr - Jun, 2024	18,097	6,866	8,760	5,921	78.1	37.9	Aug 8, 2024	IFRS
Jul - Sep, 2024	19,589	5,669	5,626	4,456	58.8	28.9	Nov 12, 2024	IFRS
YoY	+21.5%	+32.1%	+20.2%	+50.5%	+50.5%