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GMO AD Partners Inc.
(4784)
GMO AD Partners Inc. (4784) vs. iShares MSCI Japan ETF (EWJ)
GMO AD Partners Inc. Business Overview & Revenue Model
GMO AD Partners Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.97B | 78.55B | 13.00B | 14.90B | 16.63B | 34.52B |
| Gross Profit | 15.68B | 25.97B | 5.97B | 6.33B | 7.20B | 6.16B |
| EBITDA | 6.15B | 12.99B | 300.51M | 126.53M | 859.60M | 623.76M |
| Net Income | 2.49B | 5.56B | -4.84M | 40.34M | 395.97M | 328.21M |
Balance Sheet | ||||||
| Total Assets | 49.37B | 51.53B | 10.36B | 10.85B | 12.42B | 11.63B |
| Cash, Cash Equivalents and Short-Term Investments | 10.86B | 13.89B | 4.92B | 5.04B | 6.20B | 5.57B |
| Total Debt | 8.17B | 8.87B | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 36.01B | 37.46B | 5.11B | 5.61B | 6.99B | 6.43B |
| Stockholders Equity | 13.28B | 13.89B | 5.20B | 5.21B | 5.40B | 5.17B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 12.73B | 21.01M | -1.06B | 765.28M | -38.11M |
| Operating Cash Flow | 0.00 | 13.71B | 30.46M | -912.47M | 881.19M | 195.81M |
| Investing Cash Flow | 0.00 | -749.00M | -144.39M | -68.36M | -197.21M | -206.43M |
| Financing Cash Flow | 0.00 | -6.33B | -22.82M | -177.09M | -55.58M | -285.80M |
GMO AD Partners Inc. Technical Analysis
GMO AD Partners Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥107.39B | 47.69 | 8.26% | ― | 28.88% | 27.51% | |
65 Neutral | ¥211.03B | 37.95 | ― | 1.76% | 377.76% | ― | |
65 Neutral | ¥10.84B | 12.15 | ― | 2.16% | 2.75% | 25.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ¥84.95B | 32.94 | ― | 0.18% | 25.88% | 80.30% | |
52 Neutral | ¥120.74B | 162.31 | ― | 0.14% | 36.42% | 28.23% | |
44 Neutral | ¥3.53B | -1.97 | ― | 1.17% | -21.76% | -5832.28% |
GMO AD Partners Inc. Corporate Events
GMO Internet, Inc. has outlined changes to its top management as part of an ongoing reorganization of the GMO Internet Group’s infrastructure business, which was transferred to the company via an absorption-type split effective January 1, 2025. The move is intended to align the leadership structure with the progress of organizational integration following the consolidation of domain, cloud and hosting, and access operations.
Under the new structure, the company will shift from a two-person representative director system to a single representative director, with President and CEO Tadashi Ito remaining in his current role. Representative Director and Executive Vice President Makoto Hashiguchi will step down from his representative role on March 18, 2026, and continue as Director and Executive Vice President, while the seven incumbent directors, including audit and supervisory committee members, are scheduled to be re-elected at the March 18, 2026 shareholders’ meeting, ensuring continuity during the transition.
The planned management lineup keeps key figures such as Chairman of the Board Masatoshi Kumagai and Director Masashi Yasuda in their positions, maintaining stability in governance while refining responsibilities at the top. Audit and supervisory committee members Miyuki Iwahama, Tomoshige Sugino, and Takuya Ayukawa will also continue in their roles, supporting oversight as the company navigates its post-reorganization structure and seeks to solidify its position in the internet infrastructure market.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet, Inc. has proposed a year-end dividend of 5.64 yen per share for the fiscal year ended December 31, 2025, consisting of an ordinary dividend of 3.70 yen and a commemorative dividend of 1.94 yen. The total payout will be 1,546 million yen, sourced from retained earnings, and is scheduled to become effective on March 23, 2026, subject to approval at the March 18 shareholders’ meeting.
The company is shifting to a policy of quarterly dividends from FY2025 and is targeting a consolidated dividend payout ratio of 65% or higher as a core policy. For fiscal years 2025 and 2026, it plans to add a 35% commemorative component to reach a 100% payout ratio in celebration of its Prime Market listing, underscoring an enhanced commitment to shareholder returns and potentially strengthening its appeal to income-focused investors.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet’s board has approved a proposal to partially amend its Articles of Incorporation, seeking shareholder approval to revise the total number of authorized shares at the upcoming annual general meeting in March 2026. The change is aimed at aligning the share authorization with the company’s current business scale, financial position, and capital policy.
Under the proposal, the ceiling on authorized shares would be reduced from 555 million to 356 million, a move the company says is designed to maintain an appropriate capital structure while preserving flexibility to respond to future changes in its business environment. The adjustment reflects a more conservative share issuance framework that could influence future capital-raising options and may be seen by investors as a signal of disciplined equity management and attention to potential dilution.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet has signed a memorandum of understanding with autonomous driving startup Turing Inc. to form a strategic partnership in the GPU cloud sector, alongside a planned 3.2 billion yen equity investment. Under the deal, GMO will supply Turing with a large-scale AI computing infrastructure over four years using NVIDIA’s latest H200 and B300 GPUs, targeting about 0.37 EFLOPS of theoretical performance to support development of fully autonomous driving AI.
The agreement deepens an existing commercial relationship, as GMO has already been providing its GMO GPU Cloud service to Turing for AI development workloads. While GMO expects only a minor near-term impact on its 2026 consolidated earnings, the move underscores its ambitions to position GMO GPU Cloud as core infrastructure for cutting-edge AI applications and strengthens its foothold in the fast-evolving autonomous driving ecosystem.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO AD Partners Inc., under the umbrella of GMO Internet Group, works in Japan’s digital and internet-related markets, with a focus likely centered on online advertising and associated services for corporate clients. Its operations are tied into the group’s broader strategy to capture growth in internet infrastructure and digital marketing.
The company released presentation materials outlining full-year financial results for the fiscal year ending December 2025, together with growth strategies, progress across business fields, and its 2026 earnings forecast. The materials also address shareholder returns and provide reference data, signaling an effort to communicate performance, future strategy, and capital policy to investors and stakeholders.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet has revised its dividend forecast for the fiscal year ending December 31, 2025, raising the planned annual dividend per share to 20.26 yen from 18.20 yen. The new forecast incorporates a year-end dividend of 5.64 yen, following quarterly dividends already declared for the first three quarters.
The company is formalizing a policy targeting a consolidated dividend payout ratio of at least 65% and will begin regular quarterly dividends from fiscal 2025. For fiscal years 2025 and 2026, it also plans an additional commemorative dividend equivalent to 35% of the payout ratio to mark its Prime Market listing, effectively setting the 2025 payout ratio at 100% and signaling a more shareholder-friendly capital return stance going forward.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet has recognized extraordinary losses in the fourth quarter of fiscal 2025 tied to three overseas subsidiaries in Mongolia, Thailand, and the Philippines acquired in March 2025. Following a strategic review of business positioning within its group portfolio and a conservative reassessment of future projections, the company booked an impairment loss of ¥242 million on goodwill and fixed assets at the consolidated level.
Separately, GMO Internet recorded a ¥259 million loss on valuation of shares of these subsidiaries in its non-consolidated accounts, a charge that does not affect consolidated earnings. The impact of these extraordinary losses has already been incorporated into the company’s full-year 2025 consolidated financial results under Japanese GAAP, signaling an early balance-sheet clean-up as it reorganizes and streamlines its overseas operations.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet, Inc. reported a sharp divergence between its non-consolidated financial results for fiscal 2025 and the prior year, with net sales surging to ¥67,015 million and net profit swinging to ¥5,775 million from a ¥272 million loss. Earnings per share improved from a loss of ¥16.86 to a profit of ¥21.06, underscoring a major turnaround in profitability.
The company attributed these changes primarily to an absorption-type company split effective January 1, 2025, through which it took over the internet infrastructure business of parent GMO Internet Group, Inc. By integrating the domain, cloud and hosting, and access businesses, GMO Internet has significantly expanded its operating base, potentially strengthening its market position within Japan’s internet infrastructure industry and altering the earnings profile for stakeholders.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet reported a dramatic rebound in fiscal 2025, with net sales surging more than fivefold to ¥78.5 billion and profit attributable to owners of the parent swinging to ¥5.6 billion from a slight loss a year earlier. Profitability metrics also improved sharply, with operating margin rising to 10.5% and return on equity reaching 59.0%, while operating cash flow expanded to ¥13.7 billion.
The company expanded its consolidation scope to include nine new subsidiaries and removed one, contributing to a sharp increase in total assets to ¥51.5 billion, although the equity ratio fell to 26.6%. GMO Internet significantly lifted shareholder returns, raising total annual dividends to ¥20.26 per share for 2025, including commemorative payments, and plans a full-year payout of ¥21.51 per share in 2026, alongside guidance for modest sales and profit growth next year.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen751.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.
GMO Internet, Inc. reported that as of the end of December 2025 it remains non-compliant with one of the Tokyo Stock Exchange Prime Market listing maintenance standards, specifically the minimum 35% ratio of tradable shares, despite now meeting the requirements for number of shareholders, number of tradable shares and market capitalization of tradable shares. The company has raised its tradable share ratio from 1.6% to 7.7% mainly through sales of shares held by corporate shareholders, including its parent GMO Internet Group, Inc., and plans to continue similar measures to further increase the free float; if the TSE formally determines non-compliance, GMO Internet will enter an improvement period through the end of 2026, with the risk of its shares being designated for supervision and ultimately delisting in 2027 if it fails to meet the tradable share ratio standard, a scenario that would be closely watched by investors and other stakeholders concerned with liquidity and listing status.
The most recent analyst rating on (JP:4784) stock is a Hold with a Yen902.00 price target. To see the full list of analyst forecasts on GMO AD Partners Inc. stock, see the JP:4784 Stock Forecast page.