# GMO internet group vs Nomura Research Institute

> Unit: JPY millions (ratios in %)
> Periods: GMO internet group = FY ending Dec 2025, consolidated, IFRS / Nomura Research Institute = FY ending Mar 2025, consolidated, IFRS
> Retrieved: 2026-09-30T21:13:05.457Z

| Metric | GMO internet group | Nomura Research Institute |
| --- | ---: | ---: |
| Revenue | 285,261 | 764,813 |
| Operating income | 59,132 | 134,907 |
| Net income | 16,749 | 93,762 |
| COGS ratio | 40.0% | 64.0% |
| Operating margin | 20.7% | 17.6% |
| Net margin | 5.9% | 12.3% |
| FCF margin | 15.2% | 10.5% |
| Period | FY ending Dec 2025 | FY ending Mar 2025 |
| Source | S100XSG3 | S100YBM8 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | GMO internet group | Nomura Research Institute |
| --- | ---: | ---: |
| Revenue growth | — | 49.4 (157 peers) |
| Profitability | — | 89.5 (196 peers) |
| Cash conversion | — | 65.7 (185 peers) |
| Efficiency | — | 16.1 (196 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/gmo-internet-group/md
- https://vizora.meequs.com/en/company/nomura-research-institute/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).