Q2 2020 GMO Internet Inc Earnings Presentation Transcript

Aug 11, 2020 / 07:00AM GMT
Presentation
Aug 11, 2020 / 07:00AM GMT

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Corporate Participants
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* Masashi Yasuda
GMO Internet, Inc. - Executive VP, Deputy to Group CEO, Group CFO, Head of Group Management Division & Director
* Masatoshi Kumagai
GMO Internet, Inc. - Founder, Group CEO & Director

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Masatoshi Kumagai - GMO Internet, Inc. - Founder, Group CEO & Director

Good afternoon, ladies and gentlemen. I am Masatoshi Kumagai, Group CEO of GMO Internet. Let me share with you the FY '20 second quarter financial results of GMO Internet Group. The page shows the executive summary of our earnings for the second quarter or April to June of 2020.

Net sales were up. We achieved significant increase in both operating profit and ordinary profit. Please refer to the next page. Just like the previous quarter, I'd like to explain the impact of COVID-19 to our earnings. Internet Infrastructure business enjoyed stock business expansion due to demand increase for our products. Stronger demand was

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