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GMO Payment GatewayGMO Payment Gateway, Inc.3769東証プライム情報・通信業FY ending Sep 2025, consolidated, IFRS

GMO Payment Gateway revenue and profit

Out of every ¥100 of sales, about ¥38 is left as operating profit. Revenue changed +11.8% from the prior year, operating profit +24.4%.

Five-year trend

Revenue¥82.5B
FY ending Sep 2021: ¥41.7B¥41.7BFY ending Sep 2022: ¥50.3B¥50.3BFY ending Sep 2023: ¥63.1B¥63.1BFY ending Sep 2024: ¥73.8B¥73.8BFY ending Sep 2025: ¥82.5B¥82.5BFY21FY22FY23FY24FY25
Operating income¥31.3B
FY ending Sep 2021: ¥13B¥13BFY ending Sep 2022: ¥16.2B¥16.2BFY ending Sep 2023: ¥20.3B¥20.3BFY ending Sep 2024: ¥25.2B¥25.2BFY ending Sep 2025: ¥31.3B¥31.3BFY21FY22FY23FY24FY25
Operating margin38.0%
FY ending Sep 2021: 31.2%31.2%FY ending Sep 2022: 32.3%32.3%FY ending Sep 2023: 32.2%32.2%FY ending Sep 2024: 34.1%34.1%FY ending Sep 2025: 38.0%38.0%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin26.5%
Asset turnover0.22×
ROA5.8%
ROA5.8%
Financial leverage3.48×
ROE20.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin26.5%
2021: 21.2%21.2%2022: 48.0%48.0%2023: 21.3%21.3%2024: 25.4%25.4%2025: 26.5%26.5%2122232425
Asset turnover0.22×
2021: 0.19×0.19×2022: 0.21×0.21×2023: 0.22×0.22×2024: 0.23×0.23×2025: 0.22×0.22×2122232425
ROA5.8%
2021: 4.1%4.1%2022: 9.9%9.9%2023: 4.8%4.8%2024: 5.9%5.9%2025: 5.8%5.8%2122232425
Financial leverage3.48×
2021: 3.86×3.86×2022: 3.42×3.42×2023: 3.15×3.15×2024: 3.26×3.26×2025: 3.48×3.48×2122232425
ROE20.2%
2021: 15.8%15.8%2022: 33.8%33.8%2023: 15.0%15.0%2024: 19.2%19.2%2025: 20.2%20.2%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202121.2%0.19×4.1%3.86×15.8%
202248.0%0.21×9.9%3.42×33.8%
202321.3%0.22×4.8%3.15×15.0%
202425.4%0.23×5.9%3.26×19.2%
202526.5%0.22×5.8%3.48×20.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue4.1%
2020: 11.2%11.2%2021: 9.5%9.5%2022: 7.0%7.0%2023: 5.3%5.3%2024: 5.3%5.3%2025: 4.1%4.1%202122232425
PPE ÷ total assets0.8%
2020: 1.9%1.9%2021: 1.8%1.8%2022: 1.3%1.3%2023: 1.1%1.1%2024: 1.1%1.1%2025: 0.8%0.8%202122232425
Goodwill ÷ parent equity3.1%
2020: 3.7%3.7%2021: 2.2%2.2%2022: 1.4%1.4%2023: 1.4%1.4%2024: 1.2%1.2%2025: 3.1%3.1%202122232425
Goodwill balance¥3.49B
2020: ¥1.16B¥1.16B2021: ¥1.26B¥1.26B2022: ¥1.26B¥1.26B2023: ¥1.26B¥1.26B2024: ¥1.26B¥1.26B2025: ¥3.49B¥3.49B202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue41,66750,29863,11973,78582,499
Cost of revenue13,56916,66323,13425,68227,004
Gross profit28,09833,63639,98648,10355,495
SG&A15,03217,60519,89323,23224,423
Operating income12,98716,24920,31225,18731,340
Pretax income13,28634,75720,63627,50531,911
Income tax4,30310,3956,8138,2709,373
Net income attributable to owners8,81924,15213,47618,70521,829
Operating margin31.2%32.3%32.2%34.1%38.0%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 54%
1%
1%
Other assets 44%

Funding

Other liabilities 71%
Equity 29%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥104.5B¥114B¥133.7B¥174.1B¥220B
Total assets¥215.5B¥273.4B¥292.3B¥344.7B¥406.8B
Net assets¥57.8B¥89.3B¥94.8B¥105.8B¥116.2B
Share capital¥13.3B¥13.3B¥13.3B¥13.3B¥13.3B
Property, plant and equipment¥3.95B¥3.54B¥3.35B¥3.92B¥3.35B
Goodwill¥1.26B¥1.26B¥1.26B¥1.26B¥3.49B
Current assets¥189.5B¥244.3B¥258.5B¥298.1B¥352.9B
Total liabilities¥157.6B¥184.1B¥197.5B¥238.9B¥290.6B
Equity attributable to owners of parent¥55.8B¥87.1B¥92.3B¥102.9B¥113B
Retained earnings¥26.5B¥49.4B¥50.8B¥62.7B¥75.4B
Treasury stock-¥1.15B-¥1.15B-¥1.15B-¥1.12B-¥1.07B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第32期(2024/10/01－2025/09/30)

    ID S100X9RU2025-12-12Open

  • EDINET (FSA Japan)

    有価証券報告書－第31期(2023/10/01－2024/09/30)

    ID S100UY1X2024-12-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第30期(2022/10/01－2023/09/30)

    ID S100SHAA2023-12-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第29期(令和3年10月1日－令和4年9月30日)

    ID S100PTHL2022-12-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第28期(令和2年10月1日－令和3年9月30日)

    ID S100N34M2021-12-20Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第27期(令和1年10月1日－令和2年9月30日)

    ID S100KF2C2020-12-22Open

Extracted from XBRL: 43 / Derived from other figures: 1

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