GMO Internet Group (TSE:9449) 2023 full year results
Key financial results
- Revenue: ¥258.6b (+5.3% from FY22).
- Net profit: 14.2b yen (7.4% increase over FY22).
- Margin: 5.5% (up from 5.4% in fiscal 2022). The margin expansion was driven by higher revenue.
- EPS: 133 yen (123 yen in fiscal 2022).
All data shown in the table above is for the trailing 12 month (TTM) period
GMO Internet Group EPS fell short of expectations
Revenues were in line with analysts’ expectations. Earnings per share (EPS) missed analysts’ expectations by 4.3%.
Looking ahead, revenue is expected to grow at an average annual rate of 8.5% over the next three years, compared with a growth forecast for the Japanese IT industry of 5.4%.
performance Japanese IT industry.
The company’s shares fell 6.1% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet.We did some analysis and You can view our view on GMO Internet Group’s balance sheet .
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