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Japanese internet conglomerate spanning domain registration, web hosting, online payments, FX trading and crypto.
Japanese internet conglomerate spanning domain registration, web hosting, online payments, FX trading and crypto.
Earns small recurring fees from many customers on domain names, hosting and security certificates, and takes a cut of payments passing through its payment unit, while online brokerage and FX trading revenue swings with market activity. Founder and chief executive Masatoshi Kumagai is the controlling shareholder.
In one line: A Japanese mashup of GoDaddy, PayPal and Interactive Brokers' FX unit.
Moat: narrow (scale, installed base, network effects). Largest Japanese domain/hosting base cross-sells into payments and FX, but each unit faces its own competitors.
Headquarters: Tokyo, Japan · Founded: 1991 · Employees: 6,484
Size GMO Internet (9449.T) is a Japan Information Technology company (Information Technology Services) with a market value of $1.94B, the 495th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,964 on 6 Nov 2026.
Performance Over six months the shares fell 3.8%, against -11.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 6.4% over the last twelve months (peer median +6.4%); the operating margin is 20.9% (peer median 7.8%).
Valuation It trades at 13.4× forward earnings against a peer median of 20.8× (4th cheapest of 17).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥302B | ¥285B | ¥276B | ¥259B | ¥246B |
| Revenue growth | — | +3% | +7% | +5% | — |
| Gross profit | ¥177B | ¥161B | ¥156B | ¥145B | ¥141B |
| EBITDA | ¥81.8B | ¥79.6B | ¥66.1B | ¥55.7B | ¥57.4B |
| Net income | ¥17.1B | ¥16.7B | ¥14.8B | ¥14.2B | ¥13.2B |
| Free cash flow | n/a | ¥48.4B | ¥75.7B | -¥812M | ¥21.3B |
| Capital expenditure | n/a | ¥12.0B | ¥15.8B | ¥22.4B | ¥10.4B |
| Total debt | ¥597B | ¥678B | ¥636B | ¥479B | ¥396B |
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 9449.T | $1.94B | -4% | +6% | 21% | 13.4× | n/a |
| Rakuten 4755.T | $8.59B | -18% | +11% | 6% | n/a | -2.0% |
| SBI 8473.T | $11.2B | -13% | +20% | 40% | 5.9× | n/a |
| GMO Payment Gateway 3769.T | $3.98B | +6% | +13% | 40% | 24.9× | n/a |
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 | 9449.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.1% | -0.8% | lowest of 21 |
| 6-month return | -3.8% | -11.0% | 9th highest of 21 |
| Distance from 52-week high | -32.5% | -33.3% | 11th highest of 21 |
| Revenue growth (TTM) | +6.4% | +6.4% | 11th highest of 21 |
| Operating margin | 20.9% | 7.8% | 3rd highest of 21 |
| Forward P/E | 13.4× | 20.8× | 4th cheapest of 17 |
| Net debt / EBITDA | -11.4× | 0.4× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GMO Internet 9449.T | Japan | $1.94B | -4% | +6% | 21% | 13.4× | n/a | n/a |
| Kainos KNOS.L | United Kingdom | $1.92B | +57% | +17% | 11% | 23.2× | 21.7% | +12.9% |
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% | -1.1% |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 16.6× | n/a | n/a |
| Computer Age Management Services CAMS.NS | India | $1.87B | -15% | +9% | 39% | 32.3× | n/a | n/a |
| Concentrix CNXC | United States | $1.85B | +25% | +3% | 8% | 2.6× | -11.9% | +15.8% |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 8.0× | -1.2% | +24.7% |
| Sigma Advanced Systems SIGMAADV.NS | India | $1.83B | +196% | +358% | 12% | n/a | n/a | n/a |
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | n/a | 26.0% | +3.6% |
| A10 Networks ATEN | United States | $1.80B | -11% | +12% | 17% | 22.0× | 16.7% | +5.2% |
| CETC Cyberspace Security Technology 002268.SZ | China | $1.77B | -11% | -3% | 1% | 45.0× | n/a | n/a |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% | +8.8% |
| Formula Systems (1985) Ltd. Sponsored ADR FORTY | United States | $1.75B | -26% | +1% | 8% | n/a | -3.4% | +6.3% |
| Transportation Telecommunication and Information Development Inc. Ltd. Zhejiang 300469.SZ | China | $1.72B | -18% | -15% | -102% | n/a | n/a | n/a |
| Shift 3697.T | Japan | $1.71B | +61% | +24% | 11% | 19.2× | -2.2% | +28.6% |
| Omnicell OMCL | United States | $1.70B | -15% | +6% | 5% | 19.5× | 11.7% | +5.8% |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% | +2.2% |
| Hand Enterprise Solutions 300170.SZ | China | $2.24B | -26% | +7% | 6% | 48.8× | 27.4% | +6.5% |
| Northking Information Technology 002987.SZ | China | $1.67B | -14% | +1% | 6% | 30.6× | 16.2% | +16.1% |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% | -7.8% |
| Simplex Holdings,Inc 4373.T | Japan | $1.66B | +25% | +20% | 23% | 19.4× | 12.4% | +16.3% |