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    GMO Internet Group (TSE:9449) Raises Its Dividend, Is The Stock Fully Valued?

    Simply Wall St·08/24/2026 04:45:18
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    Dividend increase puts GMO internet group in focus

    GMO internet group (TSE:9449) has drawn fresh attention after announcing a second quarter dividend of ¥17.80 per share, compared with ¥16.80 a year earlier. Payment is scheduled from 16 September 2026.

    See our latest analysis for GMO internet group.

    The dividend news arrives as GMO internet group trades at ¥4,054 per share, with a 90 day share price return of 17.92% and a 1 year total shareholder return of 5.70%. Momentum has been positive in recent months, supported by a 3 year total shareholder return of 85.73%.

    If this announcement has you thinking about where else growth stories may emerge, it could be a good time to scan the market using the 13 top founder-led companies.

    GMO internet group now offers a slightly higher dividend and a share price that has already moved over the past quarter. Is this a moment to accept the current entry point, or to wait and hope for a cheaper valuation ahead?

    Most popular narrative on GMO internet group values the stock above today's price

    The most followed valuation narrative for GMO internet group points to a fair value of ¥4,122 per share, which sits slightly above the latest close at ¥4,054. That view is built on detailed assumptions about earnings, margins and how the group allocates capital across its internet, finance and crypto businesses.

    The transition to a holding company structure is expected to promote more autonomy and faster decision-making among subsidiary companies, which can drive revenue growth through increased operational efficiency and agility. The launch and growth of the net security GMO project aims to address increasing global cybersecurity needs, creating a new revenue stream and potentially improving net margins due to high demand for security services.

    Read the complete narrative.

    Want to see what sits behind that valuation gap? The narrative leans on compounding revenue, wider profit margins and a future earnings multiple that assumes the market buys into this growth mix.

    Result: Fair Value of ¥4,122 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, you still need to weigh risks to this GMO internet group narrative, including pressure in Internet Finance and advertising, as well as the ¥9.5b Thai Securities closure impact.

    Find out about the key risks to this GMO internet group narrative.

    Next Steps

    If this mix of potential rewards and risks around GMO internet group feels finely balanced, take a moment to study the data and decide where you stand. To see both sides clearly and shape your own view, review the 2 key rewards and 1 important warning sign

    Looking for more GMO internet group style investment ideas?

    If GMO internet group has sharpened your focus, keep that momentum going by lining up more potential opportunities with a quick pass through targeted stock lists on Simply Wall Street.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.