August 13, 2026, 9:00 a.m. (JST)
[Japan] Rakuten Group held a financial results briefing for the second quarter of fiscal year 2026 on August 10, 2026. Rakuten’s fintech business demonstrated strong growth in both revenue and non-GAAP operating profit.The company also provided an update on the progress of the planned reorganization of its fintech business, scheduled for October 2026.
Aiming
for a Full-Year Profit This Fiscal Year Fintech Segment Revenue Up 27% Year-Over-Year
Rakuten Group’s second-quarter financial results showed a net income of 27.2 billion yen, marking its first profit in six years. This is the first quarterly profit since the second quarter of 2020.Consolidated revenue reached a record high for a second quarter at 665.5 billion yen, marking an 11.6% year-over-year increase. Consolidated EBITDA also reached a record high for a second quarter at 115.3 billion yen, representing an 11.7% year-over-year increase.
Revenue in the high-profile FinTech segment totaled 295.4 billion yen, a 27% increase year-over-year. Non-GAAP operating profit also rose 60.1% year-over-year to 69.2 billion yen.
Rakuten Card’s shopping transaction volume increased by 9.4% to 7.1 trillion yen, and the number of cards issued continues to grow steadily.
Rakuten Bank’s number of accounts reached 18.46 million, and its standalone deposit balance reached 13.3 trillion yen. Rakuten Securities’ total number of accounts increased by 14.5% to 14.39 million. Participation among younger demographics was particularly strong, with the number of NISA accounts surpassing 8 million in July.
Rakuten Payment, which operates “Rakuten Pay” and “Rakuten Point Card,” reported revenue of 29.1 billion yen, a 12.2% increase year-over-year, and non-GAAP operating profit of 3.2 billion yen, achieving approximately 80% year-over-year growth.As a recent development, the company launched a points-boosting service through its SPU (Super Point Up Program) in partnership with FamilyMart, which has reportedly been very well received.
Financial Services Business: Strengths
Include “Industry-Leading Growth Potential and an Overwhelming Customer Base” Fintech Business Restructuring Expected to Yield Synergy Effects of Approximately 85 Billion Yen and More
Regarding the much-anticipated restructuring of the fintech business, the new Rakuten Bank Group will be established in October 2026.Rakuten Bank, Rakuten Card, and Rakuten Securities HD will be consolidated into a single group centered on Rakuten Bank. The company believes this will generate cross-group synergies through optimized funding, expansion of the customer base, data integration, and AI utilization, thereby further accelerating growth.
Mr. Mikitani explains that Rakuten’s financial business boasts “unmatched growth potential and an overwhelming customer base” as its strengths. For example, in the card business, shopping transaction volume over the past year reached 27.7 trillion yen as of the second quarter.Rakuten Bank has reached 18.46 million accounts and is on the verge of hitting the 20 million mark. Rakuten Securities also has 14.39 million comprehensive accounts, making it the industry leader in this category as well.
Mr. Mikitani stated that the synergies resulting from this reorganization consist of two main points: “extremely direct financial synergies” and “promoting cross-usage among customers and acquiring new customers.” He added that details will be provided at a later date.
While the integration is scheduled to take place in October, Mr. Mikitani stated, “As specific synergy effects for the fiscal year ending March 2028, we are confident that we will achieve at least approximately 25 billion yen in financial synergies and approximately 8 billion yen in marketing synergies.”He also noted that for the fiscal year ending March 2030, the combined synergies are expected to total approximately 85 billion yen.
To substantiate the specific synergies resulting from the integration, the company presented actual data.When comparing people who have designated Rakuten Bank as their Rakuten Card debit account with those who have not, there was a 4.3-fold difference in Rakuten Bank account balances. Furthermore, among users of “Money Bridge”—a service that links Rakuten Securities and Rakuten Bank accounts—account balances were 4.4 times higher than those of non-users.
Mr. Mikitani stated, “As we enter an era of interest rates, how we acquire accounts and expand deposit balances will be a key driver of profit growth. From that perspective, I believe this fintech integration project is of immense significance.”He noted that the strengthened collaboration resulting from the integration will make it possible to expand deposit balances and diversify the investment portfolio.
Rakuten Payment is not included in this reorganization but will continue to serve as a gateway connecting the Rakuten Group and the new Rakuten Bank Group.
