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Internet for Everyone

"Internet for Everyone" is the corporate slogan we entered the industry with in 1995. Today, after having been listed on the first section of the Tokyo Stock Exchange, it continues to be our guiding sentiment. The growth of the Internet has added a new dimension to the economy, to business and to people's lifestyles. This has been a dramatic change that has in turn made the Internet more important than ever. It is no exaggeration to say that whether you are an individual or a corporation, how you use the Internet is critical in determining whether you succeed or fail.

It is our mission to continue cultivating the Internet. Through unique services and technology we develop the Internet solutions people want and provide the infrastructure essential to support an Internet that benefits society as a whole.

The core businesses of Internet infrastructure and Internet finance both achieved record-high performances

The consolidated full-year performance for the FY2023 saw a decrease compared to the previous year, primarily due to a decrease in profits from the incubation business following a large-scale exit. However, excluding non-recurring businesses, the Internet infrastructure and the Internet financial segments led to a strong increase of over 26% in profits, bringing the company close to the previous year's results. The organic growth in the infrastructure and financial sectors, achieving profits at nearly the same level as the previous year, was the most significant point.

In the Internet infrastructure business, a record high performance was achieved, driven by the continued success of the payment business and significant contributions from GMO Brand Security, which provides essential services in the internet world, such as protecting intellectual property and trademarks. In the internet advertising and media business, there was a divergence between the advertising business, affected by a decrease in demand in a certain clients, and the strong performance of both existing and new media businesses.
In the internet finance business, despite recording a provision for doubtful accounts of 3.1 billion yen in the Thai securities, a record high performance was achieved due to increased market volatility and improved earnings from FX. The cryptocurrency business, however, experienced a downturn with reduced trading volumes amid the downturn in market conditions.

Our group continues to aim for sustainable growth based on solid recurring revenue, while pursuing the vision of becoming the "No. 1 group of companies that create the future with AI." Throughout the year, we will strive to "visualize the results of AI investment and utilization" numerically. Please stay tuned for further developments.

As of 2/2024

Sincerely

Masatoshi Kumagai

Founder, Chairman and Group CEO

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