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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 10, 2026
AI Summary
Q2 2026

Profitability: Rakuten reported quarterly net income attributable to owners of the parent of JPY 27.3 billion, its first profit in 6 years, helped by stronger operating performance and a tax benefit tied to share sales.

Records: Revenue reached a record JPY 665.5 billion, EBITDA hit a record JPY 115.3 billion, and non-GAAP operating income reached a record JPY 42 billion.

FinTech reorg: Management said the planned October 1 integration of Rakuten Bank, Card, and Securities is expected to generate more than JPY 85 billion of synergies by fiscal 2030, with no intention to sell bank shares.

Mobile progress: The mobile business continued to improve, with accounts reaching 10.8 million, churn falling to 1.38% in Q2, and management pointing to better ARPU and stronger data usage.

AI push: Rakuten highlighted AI as a core growth driver, citing higher conversion and order values in testing, plus a broader rollout of Rakuten AI and its new Super Agent.

Key Financials
Revenue
JPY 665.5 billion
EBITDA
JPY 115.3 billion
Non-GAAP operating income
JPY 42 billion
Net income attributable to owners of the parent
JPY 27.3 billion
Income before tax
positive
Internet Services revenue
JPY 338.1 billion
Internet Services non-GAAP operating income
JPY 23.1 billion
Domestic e-commerce GMS
JPY 1.5 trillion
Rakuten Travel GTV
up 17.2% YoY
Advertising revenue
JPY 65.6 billion
FinTech revenue
JPY 295.4 billion
FinTech non-GAAP operating income
JPY 69.2 billion
Rakuten Card GTV
JPY 7.1 trillion
Rakuten Bank accounts
18.46 million
Rakuten Bank deposits
JPY 13.3 trillion
Rakuten Securities general accounts
14.39 million
Rakuten Securities NISA accounts
more than 8 million
Rakuten Securities assets under custody
JPY 58.7 trillion
Rakuten Mobile accounts
10.8 million
Rakuten Mobile churn rate
1.38%
Rakuten Mobile pre-marketing cash flow
JPY 27.1 billion
AI shop manager launch
within this year
FinTech synergy target
more than JPY 85 billion
Financial synergy target
about JPY 25 billion
Marketing synergy target
about JPY 8 billion
Share sales proceeds
about JPY 200 billion
Impairment losses on fixed assets
JPY 17 billion
Net operating loss carryforward
more than JPY 1 trillion
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