--- title: "GMO Internet cuts its Nvidia B300 order from 116 servers to 20, 25 days later" summary: "GMO Internet’s Tokyo filings of 13 November: why a ¥26.1bn GPU server purchase became ¥6.5bn, what it waits for instead, and how its GPU cloud and quarter are doing." url: https://www.thetechbag.com/blog/gmo-internet-cuts-nvidia-b300-order-116-to-20-servers format: Note desk: "Markets & the AI economy" region: Global published: 2026-11-14 facts_checked: 2026-11-14 author: TechBag (The TechBag Journal) tags: ["GMO Internet Nvidia order","GMO Internet results","GMO GPU Cloud","GMO Internet dividend","GMO Internet","Nvidia B300","Nvidia Rubin","GPU cloud","Ishikari data centre","Onamae.com Desktop Cloud","Japan","TDnet","Tokyo Stock Exchange","DOE dividend policy","AI infrastructure"] cover: https://www.thetechbag.com/blog/covers/gmo-internet-cuts-nvidia-b300-order-116-to-20-servers.png --- # GMO Internet cuts its Nvidia B300 order from 116 servers to 20, 25 days later *GMO Internet’s Tokyo filings of 13 November: why a ¥26.1bn GPU server purchase became ¥6.5bn, what it waits for instead, and how its GPU cloud and quarter are doing.* Note · Markets & the AI economy · By TechBag · Published 2026-11-14 · Facts checked 2026-11-14 · Canonical: https://www.thetechbag.com/blog/gmo-internet-cuts-nvidia-b300-order-116-to-20-servers GMO Internet, the Tokyo-listed company that runs the GMO group’s domain, hosting, internet-access and advertising businesses and a GPU cloud, cut a planned purchase of up to 116 servers built on Nvidia’s B300 chips, with a data centre to house them in Ishikari, Hokkaido, from about ¥26.1bn to up to 20 servers for about ¥6.5bn on 13 November.[1] It had announced the larger purchase on 19 October, 25 days earlier.[2] The filing gives the reason as a “comprehensive review” of its policy on investment in next-generation GPU chips and on how it allocates capital. Its results presentation the same afternoon is plainer: “B300 → Rubin”, a switch to Nvidia’s next chip, with water cooling built to house it.[1][3] 116 → 20 B300 servers in the plan, before and after GMO Internet ¥6.5bn the revised cost, from about ¥26.1bn, data-centre work included GMO Internet 25 days from the 19 October announcement to the cut TDnet ¥35.7bn GMO’s GPU-cloud investments since 2024, the new plan included GMO Internet ## What the ¥6.5bn now buys The presentation splits the revised amount in two: ¥3.9bn to build a water-cooled section and strengthen existing facilities, and ¥2.6bn for up to 20 B300 servers. Both filings include peripheral equipment in their figures, and the equipment still arrives from August 2027. A Rubin purchase is “planned”, but its amount is not decided and is not in this disclosure; GMO says it will announce it once set. It expects the change to have only a minor effect on results for the year to December 2026.[1][3] **Figure: The October plan was GMO’s largest GPU purchase; the revised one is smaller than three before it** *GMO Internet GPU-cloud investment decisions, ¥ billion, including data-centre and peripheral equipment, February 2024 to November 2026* Feb 2024: 96 H200 10 ¥bn Aug 2025: 25 B300 2.2 ¥bn Apr 2026: 42 B300 6.9 ¥bn Aug 2026: 64 B300 10.1 ¥bn Oct 2026 plan: 116 B300 26.1 ¥bn Nov 2026 revision: 20 B300 6.5 ¥bn | | Value (¥bn) | | --- | --- | | Feb 2024: 96 H200 | 10 | | Aug 2025: 25 B300 | 2.2 | | Apr 2026: 42 B300 | 6.9 | | Aug 2026: 64 B300 | 10.1 | | Oct 2026 plan: 116 B300 | 26.1 | | Nov 2026 revision: 20 B300 | 6.5 | Source: GMO Internet, results presentation and TDnet filings · as of 13 November 2026 · The H200 figure includes about ¥1.9bn of Japanese government subsidy ## A GPU cloud in profit, and a quarter with another cost GMO GPU Cloud opened in November 2024 on 96 servers with Nvidia’s H200 chips; B300 servers followed in December 2025.[3] GMO says the business made a stand-alone profit from October–December 2025 and has since reached “a high utilisation rate”; demand, it says, “remains strong”. It sells through partners including ITOCHU Techno-Solutions.[3][4] For January to September, group revenue rose 7.3% to ¥62.6bn and operating profit 32.6% to ¥7.47bn; GMO names the GPU cloud among the drivers. An April share sale raised ¥20.2bn, partly to pay for GPU servers.[3][4] The same presentation opens with an apology. On 20 October GMO found malicious programs on customer servers of its Onamae.com Desktop Cloud service, with up to 26,739 customer servers possibly reached; login details for trading accounts stored on them were taken, and the intruder traded customers’ foreign-exchange accounts at a loss. By 12 November, 2,943 account holders had claimed ¥2.99bn. GMO expects about ¥3.05bn of compensation in October–December, holds insurance of up to ¥1.1bn whose use is not yet confirmed, and has not changed its forecast.[3][4] The filings do not link the intrusion to the GPU decision. Its dividend stays at all of its profit. The third-quarter dividend is ¥6.10 a share, ¥1,855m in all, 100% of profit: its 65% policy plus a 35% bonus for 2025 and 2026 marking its move to the Prime market. From 2027 it will pay the higher of 65% of profit or 5% of the previous year-end’s shareholders’ equity.[5][6] Every filing went out at 3:31pm, a minute after the Tokyo market closed, so the shares first trade on them on Monday 16 November.[7][8] What GPU capacity like GMO’s rents for is in [our Trend on GPU rental prices](https://www.thetechbag.com/blog/gpu-rental-prices-turn-up-b200-h100); another cloud’s spending plan is in [our Analysis of Nebius](https://www.thetechbag.com/blog/nebius-drops-arr-325m-one-off-capex-40-45bn). How we did this Figures as of 14 November 2026, 7:30pm IST All figures are GMO Internet’s own, from its Japanese filings on TDnet; ¥ amounts are converted from 億円 (¥100m units) and rounded as GMO rounds them, and all include data-centre work and peripheral equipment, so they are not a price per server. The split of the ¥6.5bn and the history of purchases are from the results presentation. The reason is the filing’s wording in our translation; “B300 → Rubin” is the presentation’s. The 25 days and the ¥35.7bn total are our arithmetic and match the presentation. The intrusion figures are GMO’s count as of 12 November, subject to its checks. Filing times are TDnet’s stamps; the closing time is the Japan Exchange Group’s. Spotted an error? Write to us; corrections are published at the foot of the piece. Sources 1. [GMO Internet: notice of a change to the acquisition of fixed assets (TDnet, in Japanese)](https://www.release.tdnet.info/inbs/140120261111573259.pdf) — 13 November 2026 2. [GMO Internet: notice of the acquisition of fixed assets (TDnet, in Japanese)](https://www.release.tdnet.info/inbs/140120261019552833.pdf) — 19 October 2026 3. [GMO Internet: results presentation for the third quarter of the year to December 2026 (TDnet, in Japanese)](https://www.release.tdnet.info/inbs/140120261112576774.pdf) — 13 November 2026 4. [GMO Internet: consolidated results summary for the nine months to 30 September 2026 (TDnet, in Japanese)](https://www.release.tdnet.info/inbs/140120261111572937.pdf) — 13 November 2026 5. [GMO Internet: notice of the third-quarter dividend, payout ratio 100% (TDnet, in Japanese)](https://www.release.tdnet.info/inbs/140120261111573222.pdf) — 13 November 2026 6. [GMO Internet: notice of a change to the dividend policy, introducing DOE (TDnet, in Japanese)](https://www.release.tdnet.info/inbs/140120261111573235.pdf) — 13 November 2026 7. [TDnet: timely disclosure list for 13 November 2026, page 8 (GMO Internet filings at 15:31)](https://www.release.tdnet.info/inbs/I_list_008_20261113.html) — 13 November 2026 8. [Japan Exchange Group: trading hours for domestic stocks](https://www.jpx.co.jp/english/equities/trading/domestic/01.html) — current rules, afternoon session to 3:30pm **Disclosure.** TechBag is a software reseller: it earns when companies buy through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view. **Read this next:** [GPU rent turned up: B200 hours rose 21% in a month, H100 hours 7%](https://www.thetechbag.com/blog/gpu-rental-prices-turn-up-b200-h100) — What GPU clouds’ capacity fetches on the open market: rented B200 hours rose 21% in a month and H100 hours 7%, on two public indices. Go deeper on TechBag - [ESDS’s GPU lease averages US$250m a year, 4.5 times its revenue](https://www.thetechbag.com/blog/esds-gpu-lease-4-5-times-revenue) — another company’s bet on B300 GPUs, read from its filings - [Nebius drops ARR after a US$325m one-off; plans US$40–45bn of capex](https://www.thetechbag.com/blog/nebius-drops-arr-325m-one-off-capex-40-45bn) — a GPU cloud’s spending plan at the other end of the scale - [Japan’s listed firms leaked 350m records in ten months](https://www.thetechbag.com/blog/japan-listed-companies-350m-records-leaked-10x) — the year of incidents at Japanese listed companies