GMO Product Platform, Inc. provides an audience engagement platform in Japan, Asia, and internationally. It engages in Internet-based market research activities, conducting surveys, tabulation, and analysis activities. The company also offers ASIACloud Panel, which provides a range of solutions from DIY survey tools to professional research platforms; GMOMarketObserver, a self-service online survey platform; GMOAsk, a packaged survey service utilizing artificial intelligence; GMOCustomer Satisfaction Ranking, which analyzes and publishes user satisfaction feedback; and DepthX by GMO, an AI-powered research module for deeper behavioral insights. In addition, the company offers advertising services that are delivered through proprietary smartphone applications such as TownWiFi by GMO, Cashmart by GMO, and Shift Notebook by GMO. The company was formerly known as GMO Research & AI, Inc. and changed its name to GMO Product Platform, Inc. in October 2025. GMO Product Platform, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan. GMO Product Platform, Inc. is a subsidiary of GMO Internet Group, Inc.
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Financials
Ownership
Material Events
Income Statement
Balance Sheet
Cash Flow
Ratios & Growth
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Net Sales
ยฅ6.8B
ยฅ5.0B
ยฅ5.1B
ยฅ5.2B
ยฅ4.1B
Cost of Sales
ยฅ3.0B
ยฅ2.5B
ยฅ2.6B
ยฅ2.7B
ยฅ2.1B
Gross Profit
ยฅ3.8B
ยฅ2.5B
ยฅ2.5B
ยฅ2.5B
ยฅ2.0B
SG&A
ยฅ3.5B
ยฅ2.3B
ยฅ2.1B
ยฅ2.0B
ยฅ1.6B
Operating Income
ยฅ341M
ยฅ235M
ยฅ441M
ยฅ420M
ยฅ353M
Non-Operating Income
ยฅ13M
ยฅ24M
ยฅ16M
ยฅ46M
ยฅ33M
Non-Operating Expenses
ยฅ30M
ยฅ10M
ยฅ28M
ยฅ7M
ยฅ1M
Interest Expense
ยฅ1M
ยฅ0M
ยฅ1M
ยฅ1M
ยฅ1M
Ordinary Income
ยฅ323M
ยฅ249M
ยฅ428M
ยฅ458M
ยฅ385M
Pre-tax Income
ยฅ277M
ยฅ249M
ยฅ428M
ยฅ458M
ยฅ385M
Income Taxes
ยฅ115M
ยฅ53M
ยฅ121M
ยฅ102M
ยฅ111M
Current Tax
ยฅ300M
ยฅ46M
ยฅ101M
ยฅ108M
ยฅ143M
Deferred Tax
ยฅ-185M
ยฅ7M
ยฅ20M
ยฅ-6M
ยฅ-32M
Net Income (owners)
ยฅ156M
ยฅ183M
ยฅ307M
ยฅ356M
ยฅ274M
Minority Interest
ยฅ6M
ยฅ12M
ยฅ0M
โ
โ
Comprehensive Income
ยฅ146M
ยฅ253M
ยฅ316M
ยฅ369M
ยฅ285M
EBITDA
ยฅ490M
ยฅ340M
ยฅ530M
ยฅ505M
ยฅ421M
Goodwill Amort. (J-GAAP)
ยฅ5M
ยฅ9M
โ
โ
โ
EPS
ยฅ41.83
ยฅ112.10
ยฅ188.23
ยฅ218.39
ยฅ168.03
Shares Outstanding
4.4M
1.6M
1.6M
1.6M
1.6M
Shares Issued (total)
4.4M
1.7M
1.7M
1.7M
1.7M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Total Assets
ยฅ9.5B
ยฅ3.0B
ยฅ3.0B
ยฅ3.1B
ยฅ2.8B
Current Assets
ยฅ7.7B
ยฅ2.4B
ยฅ2.5B
ยฅ2.6B
ยฅ2.4B
Cash & Deposits
ยฅ1.3B
ยฅ688M
ยฅ885M
ยฅ767M
ยฅ665M
Trade Receivables
ยฅ1.3B
ยฅ868M
ยฅ883M
ยฅ1.1B
ยฅ880M
Non-Current Assets
ยฅ1.7B
ยฅ623M
ยฅ508M
ยฅ476M
ยฅ442M
PP&E
ยฅ25M
ยฅ15M
ยฅ23M
ยฅ29M
ยฅ32M
Goodwill
ยฅ588M
ยฅ35M
โ
โ
โ
Intangible Assets
ยฅ861M
ยฅ319M
ยฅ245M
ยฅ198M
ยฅ185M
Investment Securities
ยฅ129M
ยฅ142M
ยฅ105M
ยฅ98M
ยฅ80M
Deferred Tax Assets
ยฅ407M
ยฅ108M
ยฅ98M
ยฅ116M
ยฅ111M
Total Liabilities
ยฅ7.0B
ยฅ883M
ยฅ946M
ยฅ1.2B
ยฅ1.1B
Current Liabilities
ยฅ6.6B
ยฅ874M
ยฅ932M
ยฅ1.1B
ยฅ1.1B
ST Debt
ยฅ209M
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
Taxes Payable
ยฅ409M
ยฅ12M
ยฅ35M
ยฅ64M
ยฅ117M
Non-Current Liabilities
ยฅ451M
ยฅ9M
ยฅ14M
ยฅ15M
ยฅ16M
Total LT Borrowings
ยฅ438M
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
Total Equity
ยฅ2.5B
ยฅ2.1B
ยฅ2.0B
ยฅ1.9B
ยฅ1.7B
Capital Stock
ยฅ299M
ยฅ299M
ยฅ299M
ยฅ299M
ยฅ299M
Capital Surplus
ยฅ777M
ยฅ392M
ยฅ392M
ยฅ393M
ยฅ393M
Retained Earnings
ยฅ1.3B
ยฅ1.4B
ยฅ1.4B
ยฅ1.3B
ยฅ1.0B
Treasury Stock
ยฅ-46M
ยฅ-46M
ยฅ-46M
ยฅ-47M
ยฅ-48M
AOCI
ยฅ61M
ยฅ78M
ยฅ21M
ยฅ13M
ยฅ0M
Equity (owners)
ยฅ2.4B
ยฅ2.0B
ยฅ2.0B
ยฅ1.9B
ยฅ1.7B
Minority Interests
ยฅ20M
ยฅ13M
ยฅ0M
โ
โ
Total Interest-Bearing Debt โ
ยฅ647M
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
Net Cash โ
ยฅ670M
ยฅ688M
ยฅ885M
ยฅ767M
ยฅ665M
NCAV โ
ยฅ746M
ยฅ1.5B
ยฅ1.5B
ยฅ1.4B
ยฅ1.2B
NCAV/Share
ยฅ169
ยฅ912
ยฅ942
ยฅ877
ยฅ757
BV/Share
ยฅ539
ยฅ1,237
ยฅ1,240
ยฅ1,161
ยฅ1,027
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Operating CF
ยฅ991M
ยฅ238M
ยฅ475M
ยฅ132M
ยฅ482M
Taxes Paid
ยฅ-44M
โ
โ
โ
โ
Interest Paid
ยฅ-1M
ยฅ-0M
ยฅ-1M
ยฅ-1M
ยฅ-1M
Interest Received
ยฅ12M
ยฅ16M
ยฅ10M
ยฅ10M
ยฅ9M
D&A
ยฅ144M
ยฅ96M
ยฅ89M
ยฅ86M
ยฅ69M
Goodwill Amort.
ยฅ5M
ยฅ9M
โ
โ
โ
Investing CF
ยฅ-380M
ยฅ-221M
ยฅ-131M
ยฅ-111M
ยฅ-51M
CapEx
ยฅ5M
ยฅ1M
ยฅ1M
ยฅ3M
ยฅ10M
Purchase Investments
ยฅ-5M
ยฅ-49M
ยฅ-10M
ยฅ-22M
ยฅ-35M
Financing CF
ยฅ456M
ยฅ-196M
ยฅ-187M
ยฅ-145M
ยฅ-97M
Dividends Paid
ยฅ-188M
ยฅ-188M
ยฅ-178M
ยฅ-137M
ยฅ-88M
Share Buybacks
โ
ยฅ-0M
โ
ยฅ-0M
ยฅ-0M
Free Cash Flow
ยฅ986M
ยฅ236M
ยฅ475M
ยฅ129M
ยฅ472M
Net Change in Cash
ยฅ1.1B
ยฅ-146M
ยฅ168M
ยฅ-98M
ยฅ352M
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
Return on Equity (ROE) โ
6.8%
8.8%
15.5%
19.9%
16.3%
Return on Assets (ROA) โ
2.5%
6.1%
10.1%
12.1%
9.8%
Gross Margin โ
56.1%
50.7%
49.7%
47.4%
48.5%
Operating Margin โ
5.0%
4.7%
8.6%
8.1%
8.6%
Net Margin โ
2.3%
3.6%
6.0%
6.9%
6.7%
Current Ratio โ
1.18x
2.71x
2.67x
2.26x
2.13x
Quick Ratio โ
1.18x
2.71x
2.67x
2.26x
2.13x
Revenue / Share โ
ยฅ1,548
ยฅ3,076
ยฅ3,132
ยฅ3,185
ยฅ2,504
BV/Share โ
ยฅ539
ยฅ1,237
ยฅ1,240
ยฅ1,161
ยฅ1,027
NCAV/Share โ
ยฅ169
ยฅ912
ยฅ942
ยฅ877
ยฅ757
EPS โ
ยฅ41.83
ยฅ112.10
ยฅ188.23
ยฅ218.39
ยฅ168.03
DPS โ
ยฅ59.52
ยฅ114.84
ยฅ114.84
ยฅ109.14
ยฅ83.97
Payout Ratio โ
142.3%
102.4%
61.0%
50.0%
50.0%
FCF/Share โ
ยฅ223.99
ยฅ144.71
ยฅ290.61
ยฅ78.82
ยฅ289.29
Market Valuation
Avg daily close price for calendar year ร most recently reported EPS / DPS
Metric
CY2023
CY2024
CY2025
Avg P/E โ
14.5ร
EPS from 2023-12
22.5ร
EPS from 2024-12
56.4ร
EPS from 2025-12
Avg Div Yield โ
4.21%
DPS from 2023-12
4.55%
DPS from 2024-12
2.53%
DPS from 2025-12
Avg Daily Close
ยฅ2,728
ยฅ2,524
ยฅ2,357
Growth Rates (CAGR)
Metric
3yr CAGR (FY2022โ2025)
5yr CAGR
Stock Price
-18.1%
-2.5%
Sales
+9.4%
โ
FCF/Share
+41.6%
โ
EPS
-42.4%
โ
DPS
-18.3%
โ
BV/Share
-22.6%
โ
NCAV/Share
-42.2%
โ
No capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Large Shareholder Reports 4
#
Shareholder
Shares (thou.)
% of Total
1
๏ผง๏ผญ๏ผฏใคใณใฟใผใใใใฐใซใผใๆ ชๅผไผ็คพ
3,098,771
2
่ป็ฐ ๅๅคง
421,705
3
๏ผง๏ผญ๏ผฏใคใณใฟใผใใใๆ ชๅผไผ็คพ
138,381
4
ๆ ชๅผไผ็คพ๏ผจ๏ผฏ๏ผณ๏ผฏ๏ผซ๏ผก๏ผท๏ผก
63,400
5
ใปใณใใฉใซ็ญ่ณๆ ชๅผไผ็คพ
39,800
6
๏ผญ๏ผณ๏ผฉ๏ผฐ ๏ผฃ๏ผฌ๏ผฉ๏ผฅ๏ผฎ๏ผด ๏ผณ๏ผฅ๏ผฃ๏ผต๏ผฒ๏ผฉ๏ผด๏ผฉ๏ผฅ๏ผณ๏ผๅธธไปปไปฃ็ไบบ ใขใซใฌใณใปในใฟใณใฌใผ๏ผญ๏ผต๏ผฆ๏ผง่จผๅธๆ ชๅผไผ็คพ๏ผ
35,000
7
ไบๅฑฑ ่
26,200
8
็ดฐๅท ๆ
ไธ
20,300
9
GMOใใญใใฏใใใฉใใใใฉใผใ ๅพๆฅญๅกๆๆ ชไผ
19,050
10
้ซๆฉ ๅ
็ท
15,500
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians โ GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
88.1%
+19.9% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2021
2022
2023
2024
2025
GMOใคใณใฟใผใใใใฐใซใผใ
โ
54.48%
54.44%
54.44%
70.38%
+15.94%
่ป็ฐ ๅๅคง
NEW ENTRY
โ
โ
โ
โ
โ
9.58%
NEW
GMOใคใณใฟใผใใใ
NEW ENTRY
109.02%
โ
โ
โ
3.14%
NEW
ๅผไผ็คพHOSOKAWA
7.78%
3.88%
3.88%
3.88%
1.44%
-2.44%
ใปใณใใฉใซ็ญ่ณ
NEW ENTRY
โ
โ
โ
โ
โ
0.90%
NEW
MSIP CLIENT SECURITIES
4.08%
2.04%
2.04%
1.86%
0.79%
-1.07%
ไบๅฑฑ ่
โ
โ
1.13%
1.44%
0.60%
-0.84%
็ดฐๅท ๆ
ไธ
2.48%
1.24%
1.24%
1.24%
0.46%
-0.78%
GMOใใญใใฏใใใฉใใใใฉใผใ ๅพๆฅญๅกๆๆ ชไผ
NEW ENTRY
โ
โ
โ
โ
โ
0.43%
NEW
้ซๆฉ ๅ
็ท
2.02%
1.04%
0.92%
0.92%
0.35%
-0.57%
ๅคๆฑ ๆฆฎไธ้
last seen 2024
Exited Top 10
โ
โ
1.22%
1.22%
โ
JPMorgan Securities Japan Co., Ltd.
JPใขใซใฌใณ่จผๅธ
last seen 2024
Exited Top 10
1.58%
1.06%
1.02%
1.17%
โ
GMOใชใตใผใ&AIๅพๆฅญๅกๆๆ ชไผ
last seen 2024
Exited Top 10
โ
โ
โ
1.10%
โ
ๅข็ฐ ็ป็พๅญ
last seen 2024
Exited Top 10
โ
โ
โ
0.92%
โ
ๅคๆฑ ๆ ไธ้
last seen 2022
Exited Top 10
2.46%
0.92%
โ
โ
โ
GMOใชใตใผใๅพๆฅญๅกๆๆ ชไผ
last seen 2023
Exited Top 10
โ
โ
0.95%
โ
โ
SBI Securities Co., Ltd.
SBI่จผๅธ
last seen 2022
Exited Top 10
โ
0.92%
โ
โ
โ
BNY Mellon (Nominee)
BNY Mellon
last seen 2021
Exited Top 10
1.66%
โ
โ
โ
โ
้ไผ็คพ็ฆ็ฐๅไบ
last seen 2021
Exited Top 10
1.60%
โ
โ
โ
โ
้ๅญ ็ดๅฃซ
last seen 2022
Exited Top 10
โ
1.57%
โ
โ
โ
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธ
last seen 2022
Exited Top 10
2.08%
0.93%
โ
โ
โ
ไผ่ค ็ฏค
last seen 2023
Exited Top 10
โ
โ
0.77%
โ
โ
Concentration (HHI)
โ
11991
2996
2991
2992
5059
5 fiscal years ยท top-10 holders per year ยท >2,500 HHI = high concentration ยท entity-resolved
โ CSV
Date Shareholder Stake Event Flag Demands Source
2025-04-10
Takehiro Ogita
9.48%
correction
Passive
โ
2025-04-09
Takehiro Ogita
9.48%
initial_5pct
Passive
โ
2025-04-07
GMO internet group, Inc.
72.8%
+19.76%
change
Passive
โ
2023-05-24
GMO internet group, Inc.
53.04%
change
Passive
โ
Date
Category
Summary
Amount
2026-02-27
๐ฐ Capital Return
Special Dividend
The company will receive a dividend of 600 million yen from its consolidated subsidiary GMO Town WiFi Inc. on March 2, 2026. This dividend will be recorded as revenue in the individual financial statements for the fiscal year ending December 2026, with no impact on consolidated results.
ยฅ600M
โบ
Summary
The company will receive a dividend of 600 million yen from its consolidated subsidiary GMO Town WiFi Inc. on March 2, 2026. This dividend will be recorded as revenue in the individual financial statements for the fiscal year ending December 2026, with no impact on consolidated results.
Counterparty: GMO Town WiFi Inc.
ๅฝ็คพใฏใ้ฃ็ตๅญไผ็คพใงใใ๏ผง๏ผญ๏ผฏใฟใฆใณ๏ผท๏ฝ๏ผฆ๏ฝๆ ชๅผไผ็คพใใใๅฐไฝ้ใฎ้
ๅฝใจใใฆ600็พไธๅใใ2026ๅนด๏ผๆ๏ผๆฅใซๅ้ ใใไบๅฎใงใใ
โ