GMO Internet, Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earning Guidance for the Year Ending December 31, 2017
November 05, 2017
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GMO Internet, Inc. reported consolidated earnings results for the nine months ended September 30, 2017. For the period, the company's net sales were JPY 112,409 million against JPY 99,884 million a year ago. Ordinary profit was JPY 11,989 million against JPY 12,981 million a year ago. Ordinary profit was JPY 11,768 million against JPY 12,581 million a year ago. Profit attributable to owners of the parent was JPY 3,784 million or JPY 31.83 per diluted share against JPY 5,950 million or JPY 49.90 per diluted share a year ago. Net Profit before adjustment for tax etc. was JPY 11,096 million against JPY 13,107 million a year ago. Cash used in operating activities was JPY 1,763 million against JPY 9,475 million a year ago. Expenditure on acquisition of tangible fixed assets was JPY 1,368 million against JPY 1,111 million a year ago. Expenditure on acquisition of intangible fixed assets was JPY 7,361 million against JPY 6,566 million a year ago.
For the full year ending December 31, 2017, on consolidated basis, the company expects net sales of JPY 145,000 million, operating income of JPY 19,000 million, ordinary income of JPY 18,500 million and profit attributable to owners of the parent company of JPY 8,000 million or JPY 69.00 per share.
GMO Internet Group Inc, formerly GMO Internet Inc, is engaged in Internet infrastructure business, Internet advertising and media business, Internet finance business, crypto asset business and incubation business. The Company operates through five segments. The Internet Infrastructure segment is engaged in domain business, cloud hosting business, electronic commerce (EC) support business, security business, and access business. The Internet Advertising and Media segment is engaged in Internet advertising business, Internet media business, and Internet research business. The Internet Finance segment provides financial instruments trading services such as online securities trading services and foreign exchange margin trading services. The Crypto Asset segment is engaged in the business related to crypto asset exchange and mining. The Incubation segment invests in unlisted companies, mainly Internet-related companies. The Company is also engaged in the mobile entertainment business.
GMO Internet, Inc. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earning Guidance for the Year Ending December 31, 2017
GMO INTERNET GROUP, INC. 
