GMO Financial Holdings, the Tokyo-listed online brokerage group, posted record revenue and profit for the six months to June 30, 2026, and used the beat to raise its full-year dividend forecast for a second time this year.
Preliminary figures put operating revenue at ¥29.5bn, up 9.9% from the same period last year. Operating profit rose 5.9% to ¥10.4bn, ordinary profit climbed 13.3% to ¥10.3bn, and net profit attributable to parent shareholders gained 5.0% to ¥6.5bn. The company says the results mark its best-ever first half on every one of those lines.
| Metric | H1 2026 (flash) | H1 2025 (actual) | Change |
|---|---|---|---|
| Operating revenue | ¥29.5bn | ¥26.9bn | +9.9% |
| Operating profit | ¥10.4bn | ¥9.8bn | +5.9% |
| Ordinary profit | ¥10.3bn | ¥9.1bn | +13.3% |
| Net profit attributable to parent | ¥6.5bn | ¥6.2bn | +5.0% |
The growth came despite a pullback in two of the group's higher-profile businesses. Over-the-counter foreign-exchange and cryptocurrency trading revenue both declined as market volatility eased and crypto activity cooled. CFD (contract-for-difference) trading revenue also slipped from the record level it hit in the first quarter, but stayed high enough to keep contributing meaningfully to the total. What filled the gap was income tied to interest rates: revenue from managing client deposits rose as rates climbed, and margin trading revenue held steady, pushing overall financial income higher for the half.
The earnings beat fed straight into the dividend math. GMO Financial's policy targets a payout ratio of at least 65% of net profit attributable to parent shareholders, with a floor set by a 10% dividend-on-equity ratio. Applying the 65% payout to the flash second-quarter profit produces a dividend of ¥12.78 per share, above the ¥10.52 quarterly floor the company had set back in February. Rather than pay out that excess as a one-off, GMO Financial is spreading the ¥2.26 gap evenly across the second, third and fourth quarters, which lifts each of those quarterly dividends to ¥14.45 from the ¥13.69 forecast in April. That takes the full-year forecast to ¥57.04 per share, up from ¥54.76. The first-quarter dividend was set at ¥13.69, matching the earlier forecast.
The company is careful to flag that these are flash figures based on assumptions it currently considers reasonable, not final accounts. Formal results are due August 5, and the company says the actual numbers could differ from today's preliminary release. Any further change to the third- and fourth-quarter dividend forecast will depend on how the rest of the year's results come in.