Rakuten Group,Inc., July-September (3Q) Net Income Loss Widens

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Wed Nov 13, 2024 3:30 pm JST Earnings

4755 Rakuten Group,Inc. 【IFRS】

Earnings Report

Rakuten Group,Inc. <4755> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 150 billion yen (compared to a loss of 208 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 74.3 billion yen (compared to a loss of 68.4 billion yen in the same period last year). However, the operating profit/loss margin drastically improved from -10.5% in the same period last year to 0.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,359,283	-292,932	-317,895	-262,535	-165.6	ー	Nov 11, 2022	IFRS
Jan - Sep, 2023	1,491,239	-179,578	-180,444	-208,447	-113.4	ー	Nov 9, 2023	IFRS
Jan - Sep, 2024	1,617,621	-51,066	-98,084	-150,358	-70.0	ー	Nov 13, 2024	IFRS
YoY	+8.5%	+71.6%	+45.6%	+27.9%	+38.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,098,515	-87,770	-95,116	-199,488	-104.2	0	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Feb 14, 2024	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,920,894	-371,612	-415,612	-377,217	-237.7	4.50	Feb 14, 2023	IFRS
Dec, 2023	2,071,315	-212,857	-217,741	-339,473	-177.3	0	Feb 14, 2024	IFRS
Dec, 2024 Guidance	ー	ー	ー	ー	－	－	Feb 14, 2024	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	518,439	-54,491	-57,819	-68,462	-37.2	-10.5	Nov 9, 2023	IFRS
Oct - Dec, 2023	580,076	-33,279	-37,297	-131,026	-68.4	-5.7	Feb 14, 2024	IFRS
Jan - Mar, 2024	513,624	-33,272	-28,469	-42,394	-19.8	-6.5	May 14, 2024	IFRS
Apr - Jun, 2024	537,284	-18,331	-14,837	-33,568	-15.7	-3.4	Aug 9, 2024	IFRS
Jul - Sep, 2024	566,713	537	-54,778	-74,396	-34.7	0.1	Nov 13, 2024	IFRS
YoY	+9.3%	－	+5.3%	-8.7%	+6.9%