GMO Commerce,Inc.(410A) Financial Results

Current Period Guidance

Annual

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022 ＊	1,780	ー	166	212	59.2	42.02	ー	J-GAAP
Dec, 2023 ＊	1,766	219	220	143	39.9	20.19	ー	J-GAAP
Dec, 2024 ＊	1,983	348	351	218	60.7	33.62	ー	J-GAAP
Dec, 2025	2,459	523	508	342	84.3	40.30	Feb 10, 2026	J-GAAP
Dec, 2026 Guidance	2,956	640	641	423	76.5	48.24	Feb 10, 2026	J-GAAP
YoY	+20.2%	+22.4%	+26.2%	+23.7%	-9.2%

Guidance History

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Dec, 2025	Sep 25, 2025	2,422	507	507	342	43.05*	J-GAAP
Results	Feb 10, 2026	2,459	523	508	342	40.3*	J-GAAP
Dec, 2026	Feb 10, 2026	2,956	640	641	423	48.24	J-GAAP

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Dec, 2020	3,546	－	Available in future release
Dec, 2021	3,910	+10.3
Dec, 2022	1,780	-54.5
Dec, 2023	1,766	-0.8
Dec, 2024	1,983	+12.3
Dec, 2025	2,459	+24.0
Dec, 2026 Guidance	2,956	+20.2	640	+22.4	641	+26.2	76.5	-9.3

Profitability

Fiscal Year	Revenue	Operating Profit	Operating Profit Margin	ROE	ROA	Total Asset Turnover Ratio	Adj. EPS
Dec, 2024 ＊	1,983	348	17.6	45.99	12.73	1.16	60.7
Dec, 2025	2,459	523	21.3	20.58	11.59	0.83	84.3
Dec, 2026 Guidance	2,956	640	21.7	15.24	10.48	0.73	76.5

All-Time High

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	3,910	523	508	342	84.3
Fiscal Year	Dec, 2021	Dec, 2025	Dec, 2025	Dec, 2025	Dec, 2025

First Half

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2025	1,153	258	258	172	47.9	0	ー	J-GAAP
Jan - Jun, 2026 Guidance	ー	ー	ー	ー	－	0	Feb 10, 2026	J-GAAP
YoY	－	－	－	－	－

Guidance History

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards

Cash Flow

Annual

Fiscal Year	Operating Profit	Fee Cash Flow	Operating Cash Flow	Investing Cash Flow	Financial Cash Flow	Cash & Equivalents	Cash Ratio	Accounting Standards
Dec, 2023	219	381	395	-14	-151	613	39.24	J-GAAP
Dec, 2024	348	279	352	-73	-72	819	43.98	J-GAAP
Dec, 2025	523	213	361	-148	1,875	2,907	71.99	J-GAAP

Actual Performance and Financial Trends

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	1,766	219	220	143	39.9	20.19	ー	J-GAAP
Dec, 2024	1,983	348	351	218	60.7	33.62	ー	J-GAAP
Dec, 2025	2,459	523	508	342	84.3	40.30	Feb 10, 2026	J-GAAP
YoY	+24.0%	+50.3%	+44.7%	+56.9%	+38.8%

Quarterly Results

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2025	650	151	136	84	23.2	23.2	Nov 12, 2025	J-GAAP
Oct - Dec, 2025	656	114	114	86	21.2	17.4	Feb 10, 2026	J-GAAP
YoY	－	－	－	－	－

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Jul - Sep, 2025	650	－	Available in future release
Oct - Dec, 2025	656	－	114	－	114	－	21.2	－

All-Time High Quarterly Results

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	656	151	136	86	23.2
Fiscal Year	Dec, 2025	Sep, 2025	Sep, 2025	Dec, 2025	Sep, 2025

Key Balance Sheet Figures

Fiscal Year	BPS	Equity Ratio	Total Asset	Equity	Retained Earnings	Interest-Bearing Debt Ratio	Announce	Accounting Standards
Dec, 2023	74,445.48	25.7	1,562	401	ー	ー	ー	J-GAAP
Dec, 2024	101,411.82	29.4	1,862	547	347	ー	ー	J-GAAP
Dec, 2025	502.07	68.7	4,038	2,776	569	ー	Feb 10, 2026	J-GAAP