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Japanese internet infrastructure operator: domain registration, web hosting and internet security services, part of GMO Internet Group.
Japanese internet infrastructure operator: domain registration, web hosting and internet security services, part of GMO Internet Group.
Domains, hosting and security certificates are sold as annual or monthly subscriptions that renew automatically, so revenue is recurring and driven by customer numbers. It sells through online storefronts under consumer brands such as onamae.com, which brings in small businesses and individuals.
In one line: Japan's GoDaddy/Endurance International.
Moat: narrow (scale, switching costs, brand). Largest domain/hosting registrar brand in Japan with sticky renewal-based subscriptions.
Headquarters: Tokyo, Japan · Founded: 1991 · Employees: 1,826
Size GMO internet,Inc (4784.T) is a Japan Communication Services company (Advertising/Marketing Services) with a market value of $724M, the 883rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥375 on 6 Nov 2026.
Performance Over six months the shares fell 34.2%, against -11.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 80.8% over the last twelve months (peer median +2.2%); the operating margin is 12.0% (peer median 0.5%).
Valuation It trades at 17.7× forward earnings against a peer median of 17.1× (7th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -29 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 36.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥81.3B | ¥78.5B | ¥13.0B | ¥14.9B | ¥16.6B |
| Revenue growth | — | +504% | -13% | -10% | — |
| Gross profit | ¥28.8B | ¥26.0B | ¥5.97B | ¥6.33B | ¥7.20B |
| EBITDA | ¥14.6B | ¥13.0B | ¥301M | ¥127M | ¥857M |
| Net income | ¥6.24B | ¥5.56B | -¥4.84M | ¥40.3M | ¥396M |
| Free cash flow | n/a | ¥12.7B | ¥21.0M | -¥790M | ¥897M |
| Capital expenditure | n/a | ¥1.94B | ¥40.7M | ¥149M | ¥116M |
| Total debt | ¥15.4B | ¥8.87B | ¥0 | ¥0 | ¥0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| GMO internet,Inc 4784.T | $724M | -34% | +81% | 12% | 17.7× | -11.2% |
| GoDaddy GDDY | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% |
| SAKURA Internet 3778.T | $688M | -13% | +26% | 8% | 35.7× | n/a |
| Ntt 9432.T | $86.6B | +5% | +8% | 12% | 12.7× | n/a |
| Rakuten 4755.T | $8.59B | -18% | +11% | 6% | n/a | -2.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4784.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.2% | +0.7% | 2nd lowest of 21 |
| 6-month return | -34.2% | -11.3% | 2nd lowest of 21 |
| Distance from 52-week high | -67.1% | -36.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +80.8% | +2.2% | 2nd highest of 21 |
| Operating margin | 12.0% | 0.5% | 4th highest of 19 |
| Forward P/E | 17.7× | 17.1× | 7th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -11.2% | 7.8% | 2nd least demanding of 14 |
| Growth delivered (Del g) | +17.9% | +9.0% | highest of 14 |
| Hurdle (Req g minus delivered) | -29.1 pp | -2.3 pp | least demanding of 14 |
| ROIC minus cost of capital | +36.2 pp | -5.3 pp | 2nd highest of 19 |
| EV / EBITDA | 6.6× | 6.6× | 4th cheapest of 7 |
| Net debt / EBITDA | -1.2× | -0.5× | 3rd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GMO internet,Inc 4784.T | Japan | $724M | -34% | +81% | 12% | 17.7× | -11.2% | +17.9% |
| Lecron Industrial Development 300343.SZ | China | $738M | -29% | +46% | 1% | n/a | n/a | n/a |
| Apg Sga APGN.SW | Switzerland | $745M | +13% | +5% | 10% | 18.7× | -2.7% | +4.5% |
| QITIAN Technology 300061.SZ | China | $699M | -21% | -18% | -22% | n/a | 49.7% | -22.3% |
| Criteo CRTO | United States | $756M | -6% | -7% | 8% | 4.1× | -19.8% | -1.3% |
| Hubei Century Network Technology 300494.SZ | China | $766M | -5% | -7% | -6% | n/a | n/a | n/a |
| Guangdong Insight Brand Marketing 300781.SZ | China | $683M | -19% | -29% | n/a | n/a | 31.8% | +14.4% |
| New Huadu Technology Co., Ltd.Class A 002264.SZ | China | $676M | -23% | +8% | 5% | 23.7× | 5.7% | -9.3% |
| Chengdu B-Ray Media 600880.SS | China | $672M | -20% | -33% | -35% | 104.9× | 57.3% | -2.9% |
| Guangdong Yowant Technology 002291.SZ | China | $786M | -15% | -22% | -15% | 40.6× | 36.3% | +9.0% |
| Shanxi Kexin Development 600234.SS | China | $649M | -32% | -23% | -11% | n/a | n/a | n/a |
| oOh media OML.AX | Australia | $611M | +28% | +2% | 15% | 13.5× | 7.8% | +10.1% |
| Inly Media 603598.SS | China | $865M | +4% | +9% | 0% | 79.8× | n/a | n/a |
| VECTOR 6058.T | Japan | $605M | +64% | +9% | 16% | 15.4× | -3.9% | +11.3% |
| Septeni 4293.T | Japan | $585M | +7% | +8% | 17% | 15.5× | -2.7% | +11.1% |
| China Tourism And Culture Investment 600358.SS | China | $911M | -11% | +125% | n/a | n/a | n/a | n/a |
| Beijing Yuanlong Yato Culture Dissemination 002878.SZ | China | $557M | -27% | -21% | -2% | 33.2× | -2.9% | +8.6% |
| INNOCEAN Worldwide 214320.KS | South Korea | $518M | -11% | +2% | 8% | 6.0× | n/a | n/a |
| Trump Media & Technology DJT | United States | $1.11B | -55% | +22% | -4,052% | n/a | n/a | n/a |
| Next 15 NFG.L | United Kingdom | $458M | +23% | -14% | 8% | 7.9× | 8.4% | +13.8% |
| Simei Media 002712.SZ | China | $454M | +7% | +14% | 0% | n/a | 32.2% | +14.2% |