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Overview

GMO Commerce,Inc.

GMO Commerce provides an AI-driven marketing platform for brick-and-mortar retailers, restaurants, apparel chains, and other store-based businesses across Japan. Its core services—GMO Marketing DX and GMO Marketing Connect—integrate LINE, Instagram, email, and app channels with CDP and AI-powered personalization to support customer acquisition, repeat visit promotion, and CX improvement. The company serves over 17,000 stores ranging from independent shops to large national chains, with a stable subscription-based revenue model and hands-on operational support as key competitive differentiators.

Market Cap

¥7.27B

US$46.3M

¥4.64B

US$29.6M

Stock¥1,314▲+0.46%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.3

LTM EV/EBIT

8.3

LTM PER

19.3

LTM PBR

2.7

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-33.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Sep 25, 26FY guidance raised & dividend hike after GMO NIKKO/Insight subsidiary deal (sales to ¥5.656bn)

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

79%

21%

EquityD/E 0.26xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 73.9%

as of 2026-06-30 · Source: Annual Securities Report

GMO internet group,Inc.

65.96%

Masato YAMANA

1.95%

MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

1.37%

Kensaku OSAWA

0.86%

Koji ISHIKAWA

0.74%

Chikara ISE

0.73%

Masaharu OSAWA

0.64%

Seiji KITAGAWA

0.55%

Masashi DOI

0.55%

Masahiko MATSUSHITA

0.55%

Management

7 officers

Masato YAMANA

Representative Director, President

Apr 1993 Joined Sumitomo Bank, Ltd. (currently Sumitomo Mitsui Banking Corporation) Apr 2000 Joined Yahoo Japan Corporation (currently LY Corporation) Apr 2006 Commerce Business General Manager, Yahoo Japan Corporation (currently LY Corporation) Apr 2009 Outside Director, IDC Frontier Inc. Jan 2010 Outside Director, JWord Inc. (currently GMO Insight, Inc.) Jul 2012 Joined GMO Internet, Inc. (currently GMO Internet Group, Inc.), General Manager, Group Alliance Promotion Office Nov 2012 Representative Director, President, the Company (current)

1971-08-25

Chikara ISE

Managing Director

Apr 1995 Joined Nipro Pharma Corporation Dec 1997 Joined F&M Co., Ltd. Apr 2000 Registered as Small and Medium Enterprise Management Consultant Dec 2004 Joined Yahoo Japan Corporation (currently LY Corporation) Jan 2008 Representative Director, Nihon Rental Camera Co., Ltd. Dec 2009 Joined ROI Co., Ltd. Nov 2012 Director, the Company; General Manager, Corporate Administration Headquarters Mar 2018 Managing Director, the Company; General Manager, Corporate Administration Headquarters (current)

1972-08-09

Hiroyuki NISHIYAMA

Director

Mar 2001 Director, InterQ Inc. (currently GMO Internet Group, Inc.) Nov 2012 Director, the Company (current) Mar 2013 Senior Managing Director, GMO Internet Group, Inc.; Deputy Group Representative; General Manager, Group EC Support Division and Group Human Resources Development Mar 2015 Vice President Director, GMO Internet Group, Inc.; Deputy Group Representative; General Manager, Group EC Support Division and Group Human Resources Development Dec 2018 Director, GMO Payment Gateway, Inc. Mar 2019 Vice President Director, GMO Internet Group, Inc.; Deputy Group Representative; General Manager, Group Human Resources Development and Group Alliance Promotion Office Mar 2022 Director, Group Vice President Executive Officer and COO, GMO Internet Group, Inc.; Deputy Group Representative; General Manager, Group Human Resources Development Mar 2025 Director, Group Vice President Executive Officer and COO, GMO Internet Group, Inc.; Deputy Group Representative; General Manager, Group Human Resources Development; in charge of Security Business Jan 2026 Director, Group Vice President Executive Officer and COO, GMO Internet Group, Inc.; Deputy Group Representative; in charge of Group Security Business (current)

1964-08-14

Hitoshi HIROTANI

Director, Audit and Supervisory Committee Member

Dec 1994 Joined KPMG Peat Marwick LLP (currently KPMG LLP) Oct 1998 Joined IBM Japan, Ltd. Apr 2008 Appointed to Securities and Exchange Surveillance Commission, Financial Services Agency Jan 2019 Joined Opt Holdings, Inc. (currently Digital Holdings, Inc.) Apr 2023 Opened Hirotani Certified Public Accountant and Tax Accountant Office (current) Apr 2023 Representative, HAC LLC (current) Mar 2024 Corporate Auditor, the Company Mar 2025 Director, Audit and Supervisory Committee Member, the Company (current)

1963-10-30

Yuki KAWASAKI

Director, Audit and Supervisory Committee Member

Dec 2011 Registered as Attorney-at-Law (Second Tokyo Bar Association) Dec 2012 Joined GMO Internet, Inc. (currently GMO Internet Group, Inc.) Oct 2016 Manager, Group Legal Department, GMO Internet, Inc. (currently GMO Internet Group, Inc.) Apr 2018 General Manager, Group Legal Department, GMO Internet, Inc. (currently GMO Internet Group, Inc.) Dec 2020 Director, GMO Payment Gateway, Inc. (current) Dec 2020 Director, GMO-Z.com Trust Company, Inc. (current) Mar 2021 Director, General Manager, Group Legal Department, GMO Internet, Inc. (currently GMO Internet Group, Inc.) Jun 2021 Director, GMO Adam Inc. (current) Mar 2022 Group Executive Officer, General Manager, Group Legal Department, GMO Internet Group, Inc. (current) Mar 2023 Corporate Auditor, GMO OMAKASE (current) Mar 2024 Corporate Auditor, the Company Mar 2025 Director, Audit and Supervisory Committee Member, the Company (current)

1981-08-24

Kenzo HASHIZUME

Director, Audit and Supervisory Committee Member

Nov 2001 Joined Chuo Aoyama Audit Corporation and PricewaterhouseCoopers Apr 2005 Registered as Certified Public Accountant Sep 2006 Joined SG Holdings Co., Ltd., Corporate Planning Department Jun 2023 Representative Director, Lotus Advisory Co., Ltd. (current) Aug 2023 Registered as Certified Tax Accountant Apr 2024 Outside Director (part-time), PAL Co., Ltd. (current) Apr 2024 Outside Director (part-time), Eco-Hai Co., Ltd. (current) Aug 2024 Corporate Auditor, the Company Mar 2025 Director, CBcloud Co., Ltd. (current) Mar 2025 Director, Audit and Supervisory Committee Member, the Company (current) Jan 2026 Representative Partner, Lotus Accounting Tax Corporation (current)

1971-06-22

Nozomi MIURA

Director, Audit and Supervisory Committee Member

Dec 2011 Registered as Attorney-at-Law (Second Tokyo Bar Association) Dec 2011 Joined Hikari Sogo Law Office Jan 2022 Partner Attorney, Hikari Sogo Law Office (current) Jun 2023 Outside Director, Teikoku Tsushin Kogyo Co., Ltd. (current) Mar 2026 Director, Audit and Supervisory Committee Member, the Company (current)

1983-05-31

Large Shareholding Reports

GMO Internet Group, Inc.

2026-10-08

64.62%→0.00%

Annual report (as of 2026-06-30): 65.96%

GMO Internet Group, Inc.

2026-10-01

69.63%→64.62%

Annual report (as of 2026-06-30): 65.96%

GMO Internet Group, Inc.

2025-09-26

69.63%

Annual report (as of 2026-06-30): 65.96%

Disclosures

M&A / Other

2026-09-24

GMO Commerce,Inc.

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GMO Commerce,Inc.

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