Gmo Financial Holdings, Inc. · TSE:7177

Gmo Financial — Q3 FY2026 Earnings Presentation

47 slides from Gmo Financial's earnings presentation, Oct 30, 2026

  1. Slide 1: FY2026 Q3 Financial Results Presentation

    Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. FY2026 Q3 Financial Results Presentation Achieved record-high results for the first

  2. Slide 2: Unauthorized Access Incident within the GMO Internet Group

    Unauthorized Access Incident within the GMO Internet Group Please accept our sincere apologies for the concern caused by the unauthorized access incident involving “Onamae.com Desktop Cloud” provided by GMO Internet, Inc. (Securities Code: 4784), a fellow member of the GMO Internet Group. ● Impact o

  3. Slide 3: Agenda

    Agenda 01 Financial Summary 02 Business Overview 03 Appendix © 2026 GMO Financial Holdings, Inc. 3

  4. Slide 4: Executive Summary

    Executive Summary ● Operating revenue reached JPY 44.50 billion and operating profit JPY 16.06 billion, achieving record-high results for the first nine months ● CFD revenue and financial revenue remained at high levels, while OTC FX profitability improved significantly in Q3 alone ● Securities & FX

  5. Slide 5: Q3 FY2026 (Jan–Sep) Earnings Summary (YoY)

    Q3 FY2026 (Jan–Sep) | Earnings Summary (YoY) Strong CFD and financial revenue drove record-high results for the first nine months YoY Q3'25 Q3'26 % Change (JPY mn) (Jan–Sep) (Jan–Sep) Change Operating Revenue 38,413 44,507 +6,094 +15.9% Net Operating Revenue 35,546 40,677 +5,131 +14.4% Operating Pro

  6. Slide 6: Q3 FY2026 (Jan–Sep) Operating Profit Change (YoY)

    Q3 FY2026 (Jan–Sep) | Operating Profit Change (YoY) Strong CFD revenue offset lower crypto revenue and higher costs, lifting profit Financial revenue continued to grow, while the decline in OTC FX revenue narrowed (JPY 100 mn) ＋82.1 ▲24.3 ▲0.3 ▲5.2 ▲9.7 ▲7.3 ▲0.3 Crypto Others / ▲4.8 Trading-rel ▲5.

  7. Slide 7: Q3 FY2026 (Jan–Sep) Segment Breakdown (YoY)

    Q3 FY2026 (Jan–Sep) | Segment Breakdown (YoY) ■ Securities & FX Business (JPY mn) Operating Revenue Breakdown Operating Operating ■ Crypto Asset ■ Others +26.7% +41.9% Revenue Profit 6.9% (▲7.4pt) 5.0% (▲0.1pt) 44,507 百万円 JPY mn ■ Securities & FX (Jan–Sep) (Jan–Sep) (Jan–Sep) (Jan–Sep) 88.1% (+7.6pt

  8. Slide 8: Shareholder Returns | Dividends

    Shareholder Returns | Dividends Dividend forecast revised upward, with the Q3’26 dividend per share increased to JPY 20.23 The annual dividend forecast of JPY 68.60 exceeds the previous fiscal year’s record-high JPY 57.58 DPS Trend & Forecast (JPY) FY2026 Dividend Policy Introduced a DOE floor of 10

  9. Slide 9: Quarterly Trends | Operating Revenue by Segment / Product

    Quarterly Trends | Operating Revenue by Segment / Product (JPY mn) CFD and financial revenue remained at high levels OTC FX revenue also improved amid higher volatility 14,963 Q3'25 Q3'26 % Change (Jan–Sep) (Jan–Sep) 13,309 11,519 ◼FX/FX Options 19,486 18,164 ▲6.8% ◼CFD/Stock Index BO 5,729 13,944 +

  10. Slide 10: Quarterly Trends | Operating Profit / Operating Margin

    Quarterly Trends | Operating Profit / Operating Margin (JPY mn) ◼Operating Profit ● Operating Margin ◼Operating Revenue Operating revenue and operating profit increased significantly, driven by improved OTC FX profitability Operating Profit QoQ Q3 YoY +47.0% +46.0% © 2026 GMO Financial Holdings, Inc

  11. Slide 11: Quarterly Trends | SG&A Expenses

    Quarterly Trends | SG&A Expenses Q4 FY2026 Fcst. (Q3 actual) (JPY mn) Approx. JPY 8.5bn (7.86bn) SG&A expenses progressed largely as expected Securities & FX Business: Approx. JPY 6.7bn (6.20bn) Crypto Asset Business: Approx. JPY 0.9bn (0.82bn) Q3’25 Q3’26 % Change Others: Approx. JPY 0.9bn (0.82bn)

  12. Slide 12: Business Overview

    Agenda 01 Financial Summary 02 Business Overview 03 Appendix © 2026 GMO Financial Holdings, Inc. 12

  13. Slide 13: Securities & FX | Domestic OTC FX Trading Value Share Trends

    Securities & FX | Domestic OTC FX Trading Value Share Trends (JPY tn) ◼Trading Value ● Domestic Trading Value Share ◼Total Industry Trading Value Q3’26 21.5% 21.8% 21.4% Trading Value Share 3,098 2,934 21.4% 2,403 Trading value share remained stable [Initiatives to Stimulate Trading Activity] 667 62

  14. Slide 14: Securities & FX | OTC FX Quarterly Active Traders Share

    Securities & FX | OTC FX Quarterly Active Traders (QAU) Share Q2’26 QAU Share Over 15% Remained above 15% despite a slight decline [Initiatives to Expand the Customer Base] GMO CLICK: Implemented a campaign to encourage new FX account openings and trading through the common ID “1 Account” Prepared b

  15. Slide 15: Securities & FX | OTC FX Customer Margin Balance Trends

    Securities & FX | OTC FX Customer Margin Balance Trends (JPY bn) ◼Margin Balance ● Margin Balance Share ◼Total Industry Margin Balance YoY at Quarter-End 1,936 2,064 + 2.6% 20.3% Industry data for GMO CLICK Securities: +JPY 4.25bn 19.9% Q3’26 not yet GMO Gaika: +JPY 6.70bn published GMO Coin: ▲JPY 0

  16. Slide 16: Securities & FX | CFD Trading Value & Revenue Trends

    Securities & FX | CFD Trading Value & Revenue Trends ◼Trading Value (JPY tn) ● Revenue (JPY mn) Q3 YoY 4,312 Trading Value +24.8% 1,450 42 3,080 33 Revenue +112.4% 27 Revenue more than doubled year on year, but declined quarter on quarter due to lower trading value and changes in the sales mix *Reve

  17. Slide 17: Securities & FX | CFD Customer Margin Balance Trends

    Securities & FX | CFD Customer Margin Balance Trends (JPY bn) YoY at Quarter-End 74 74 7.4% 69 + Remained flat at a high level [Initiatives to Improve Convenience] GMO Gaika: Added three JPY-denominated precious metals CFDs (Gold/JPY, Silver/JPY, and Platinum/JPY) to the commodity CFD lineup (from A

  18. Slide 18: Securities & FX | Equities Trading Value Trends

    Securities & FX | Equities Trading Value Trends Q3 YoY (JPY bn) +80.5% ◼Trading Value 384,733 375,294 Q3 YoY ◼Two-Market Equity Brokerage Trading Value + 83.1% 207,946 Year on year, trading value grew faster than the market Quarter on quarter, trading value 6,174 decreased, driven mainly by lower ma

  19. Slide 19: Securities & FX | Financial Revenue Trends

    Securities & FX | Financial Revenue Trends (JPY mn) ◼Other (incl. segregated trust account income) ◼Margin Trading Income Q3 YoY 1,874 795 772 2,043 + 53.4% Investment income on segregated trust 1,332 assets increased due to higher interest rates, 600 1,248 and financial revenue reached a record hig

  20. Slide 20: Securities & FX | Status of Receivables at Thai Securities

    Securities & FX | Status of Receivables at Thai Securities ● The outstanding balance of receivables under agreed repayment contracts stood at approximately JPY 6.8 billion as of the end of September 2026. Due to delays in the collection of large receivables scheduled for the second half and the occu

  21. Slide 21: Crypto Asset | Performance Trends

    Crypto Asset | Performance Trends Market conditions showed signs of improvement, and revenue increased quarter on quarter on higher trading value, while profit declined, partly due to a temporary increase in funding-related costs associated with the shift to external borrowing (JPY mn) ◼Trading-rela

  22. Slide 22: Crypto Asset | Trading Value Trends

    Crypto Asset | Trading Value Trends (JPY tn) ◼GMO Coin Trading Value ◼Total Industry Trading Value Q3 YoY ●Domestic Trading Value Share 16.3% 21.1% ▲ 12.2% Decreased year on year but recovered quarter on quarter 8.7 Industry data for September not yet Trading value share continued to trend published

  23. Slide 23: Crypto Asset | Staking Revenue Trends

    Crypto Asset | Staking Revenue Trends (JPY mn) Q3 YoY 116 ▲ 55.8% Trended downward due to competitive 71 pressure on rates, lower rewards (yields), 51 and fee rebates associated with Decline due to campaigns to promote usage one-off factors © 2026 GMO Financial Holdings, Inc. 23

  24. Slide 24: Crypto Asset | Account & Customer Asset Trends

    Crypto Asset | Account & Customer Asset Trends ◼Customer Assets (JPY bn) ●Accounts (000 accounts) YoY at Quarter-End 63k accounts ●Reference: Bitcoin Price (Quarter-End) 825 761 813 Accounts + 520 386 281 Customer Assets ▲25.7% The customer base continued to expand steadily Customer assets increased

  25. Slide 25: Launch of New Product “Life Insurance”

    Others | Small-Amount and Short-Term Insurance October 13, 2026 Launch of New Product “Life Insurance” The first original product since joining the GMO Internet Group A simple design focused on death benefit coverage, with online applications available through “1 Account” Continuing to promote the d

  26. Slide 26: Appendix

    Agenda 01 Financial Summary 02 Business Overview 03 Appendix © 2026 GMO Financial Holdings, Inc. 26

  27. Slide 27: Vision & Growth Strategy | Toward Sustainable Growth

    Vision & Growth Strategy | Toward Sustainable Growth Actively investing in high-growth sectors with significant potential for technology utilization, aiming to create No.1 platforms and achieve sustainable growth Business Portfolio Diversification Maximize Earnings from Core Businesses Pursue synerg

  28. Slide 28: Q3 FY2026 (Jul–Sep) Earnings Summary (QoQ)

    Q3 FY2026 (Jul–Sep) | Earnings Summary (QoQ) Q2'26 Q3'26 QoQ (JPY mn) (Apr–Jun) (Jul–Sep) Change % Change Operating Revenue 13,309 14,963 +1,654 +12.4% Net Operating Revenue 12,078 13,581 +1,503 +12.4% Operating Profit 3,888 5,714 +1,826 +47.0% (Operating Margin) 29.2% 38.2% – +9.0pt Ordinary Profit

  29. Slide 29: Q3 FY2026 (Jul–Sep) Segment Breakdown (QoQ)

    Q3 FY2026 (Jul–Sep) | Segment Breakdown (QoQ) Figures in parentheses are QoQ changes Q2'26（Apr–Jun） Q3'26（Jul–Sep） (JPY mn) Operating Revenue 11,729 13,208 (+12.6%) Securities & FX Operating Profit 4,028 5,957 (+47.9%) (Operating Margin) 34.3% 45.1% (+10.8pt) Operating Revenue 868 1,028 (+18.4%) Cry

  30. Slide 30: Q3 FY2026 (Jul–Sep) Operating Profit Change (QoQ)

    Q3 FY2026 (Jul–Sep) | Operating Profit Change (QoQ) The recovery in OTC FX far outweighed the pullback in CFD revenue, lifting profit ((JPY 100 mn) +26.7 ▲12.3 +1.5 +1.2 +2.6 ▲0.5 ▲1.8 ▲0.1Tra CFD / Stock Crypto Oth Per Provision for Other ers / ding- sonnel Index BO Assets Doubtful Costs +0.9 Adjus

  31. Slide 31: Securities & FX | History of CFD Business

    Securities & FX | History of CFD Business ● In April 2010, GMO CLICK Securities launched a CFD trading service using Japan’s first in-house developed trading system ● The Company has continuously expanded its product lineup and enhanced trading tools, while steadily increasing margin balance and the

  32. Slide 32: Securities & FX | Securities Lending Balance Trends

    Securities & FX | Securities Lending Balance Trends (JPY bn) Remained stable Recent balance (Oct. 23) : JPY 74.0bn © 2026 GMO Financial Holdings, Inc. 32

  33. Slide 33: Securities & FX | Status of Receivables at Thai Securities

    Securities & FX | Status of Receivables at Thai Securities ● The outstanding balance of receivables under agreed repayment contracts stood at approximately JPY 6.8 billion as of the end of September 2026. Due to delays in the collection of large receivables scheduled for the second half and the occu

  34. Slide 34: Crypto Asset | Changes in the Regulatory Environment

    Crypto Asset | Changes in the Regulatory Environment ● The Act Partially Amending the Financial Instruments and Exchange Act and the Payment Services Act was enacted and promulgated in July 2026, marking the full-scale development of a regulatory framework to enhance user protection and market integ

  35. Slide 35: Quarterly Trends | P/L

    Quarterly Trends | P/L © 2026 GMO Financial Holdings, Inc. 35

  36. Slide 36: Quarterly Trends | Results by Segment / Product

    Quarterly Trends | Results by Segment / Product *Equities / ETFs, etc. include brokerage commissions and other fees related to transactions in equities / ETFs, etc.; fees for handling offerings, secondary distributions, and solicitations for sales to professional investors; and other fees related to

  37. Slide 37: Quarterly Trends | SG&A Expenses

    Quarterly Trends | SG&A Expenses © 2026 GMO Financial Holdings, Inc. 37

  38. Slide 38: Quarterly Trends | Key KPIs

    Quarterly Trends | Key KPIs *GMO Coin trading value is aggregated from monthly figures reported to the Japan Virtual and Crypto assets Exchange Association. © 2026 GMO Financial Holdings, Inc. 38

  39. Slide 39: Securities & FX | OTC FX Business Model

    Securities & FX | OTC FX Business Model Pursuing efficient matching and rigorous risk management to hedge position exposure Cover orders exceeding GMO CLICK Securities risk tolerance Cover trade Cover Counterparties (Foreign Financial Institutions, etc.) Acceptable Risk Limit for Own Display rate Po

  40. Slide 40: Securities & FX | Relationship Between Volatility and Revenue in OTC FX

    Securities & FX | Relationship Between Volatility and Revenue in OTC FX © 2026 GMO Financial Holdings, Inc. 40

  41. Slide 41: Crypto Asset | Business Model

    Crypto Asset | Business Model OTC Trading Model Exchange Trading Model GMO Coin acts as counterparty to customer trades, GMO Coin provides a marketplace for matching while positions are hedged through cover transactions. customer trades and earns transaction fees. Liquidity Customer Provider Broker

  42. Slide 42: Others | Ecosystem Built Around Common ID “1 Account”

    Others | Ecosystem Built Around Common ID “1 Account” By positioning “1 Account” as a hub connecting group services, the Group aims to achieve efficient customer acquisition and deliver a highly convenient user experience. Medical Securities Healthcare Services Banking Finance An open ecosystem wher

  43. Slide 43: Customer Demographics | GMO CLICK Securities – Securities Trading Accounts

    Customer Demographics | GMO CLICK Securities – Securities Trading Accounts Female Gender Other Age Groups 20s Ratio Other Age Groups 20s 30s 30s 60s 60s Male Female Male ratio ratio by age by age 40s 50s 40s 50s As of June 30, 2026 © 2026 GMO Financial Holdings, Inc. 43

  44. Slide 44: Customer Demographics | GMO CLICK Securities – FX Trading Accounts

    Customer Demographics | GMO CLICK Securities – FX Trading Accounts Female Gender Other Age Groups 20s Ratio Other Age Groups 20s 60s 60s 30s Male 30s Female Male ratio 50s ratio 50s by age by age 40s 40s As of June 30, 2026 © 2026 GMO Financial Holdings, Inc. 44

  45. Slide 45: Customer Demographics | GMO Gaika

    Customer Demographics | GMO Gaika Female Gender Other Age Groups 20s Ratio Other Age Groups 20s 60s 30s 60s 30s Male Female Male ratio ratio by age 50s by age 50s 40s 40s As of June 30, 2026 © 2026 GMO Financial Holdings, Inc. 45

  46. Slide 46: Customer Demographics | GMO Coin – Crypto Asset Accounts

    Customer Demographics | GMO Coin – Crypto Asset Accounts Female Gender Other Age Groups 20s Ratio Other Age Groups 20s 60s 60s Male 50s Female 30s Male 50s ratio ratio 30s by age by age 40s 40s As of June 30, 2026 © 2026 GMO Financial Holdings, Inc. 46

  47. Slide 47: Disclaimer and Forward-looking Statements

    Disclaimer and Forward-looking Statements This document contains forward-looking statements, assumptions, forecasts, and plans based on information available as of Oct. 30, 2026. Actual results may differ materially from those described herein due to various risks and uncertainties, including change

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