GMO Financial Gate,Inc.

The Group operates an in-person payment services business in the cashless payments market, which it develops as a single segment. Revenue increased as the number of payment processing transactions and GMV for merchants expanded, with recurring revenue and initial revenue both growing. The revenue mix continues to center on payment terminal sales and recurring revenue. Adoption of the cashless platform is progressing among merchants in industries and business formats used on a daily basis, alongside growth in recurring revenue such as stock, fees and spreads and additional orders for payment terminals. There were no material changes during the period in the business environment, future outlook or strategic direction.