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Rakuten Bank, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%, Raises Record High Profit Forecast

Mon Feb 9, 2026 3:35 pm JST Earnings

5838 Rakuten Bank, Ltd. 【J-GAAP】

Earnings Report

Rakuten Bank, Ltd. <5838> [TSE Prime] announced its financial results after the market closed on February 9th (15:35). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 75.1 billion yen, an increase 51.7% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.0%, from the previous forecast of 91.2 billion yen to 101 billion yen (compared to 71.5 billion yen in the previous period), increasing the growth rate from 27.5% to 41.6%, further surpassing the previous forecast of record-high profits for six consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 23.4%, from the previous forecast of 42.9 billion yen to 52.9 billion yen (compared to 40.4 billion yen in the same period of the previous year), increasing the growth rate from 6.2% to 31.0%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 45.7% from the same period last year, reaching 26.8 billion yen.

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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
Apr - Dec, 2023 101,076 ー 35,236 25,077 144.8 72.9 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 131,709 ー 49,497 35,182 201.6 69.2 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 183,263 ー 75,106 53,119 304.4 74.2 Feb 9, 2026 J-GAAP
YoY +39.1% － +51.7% +51.0% +51.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 128,523 ー 42,933 30,341 173.9 0 Nov 11, 2025 J-GAAP
Oct - Mar, 2025 New 136,015 ー 52,974 37,259 213.5 0 Feb 9, 2026 J-GAAP
Revision Rate +5.8% － +23.4% +22.8% +22.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 246,884 ー 91,221 64,348 368.8 0 May 12, 2025 J-GAAP
Mar, 2026 New 254,376 ー 101,262 71,266 408.4 0 Feb 9, 2026 J-GAAP
Revision Rate +3.0% － +11.0% +10.8% +10.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 100,878 ー 40,435 28,634 164.1 0 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 136,015 ー 52,974 37,259 213.5 0 Feb 9, 2026 J-GAAP
YoY +34.8% － +31.0% +30.1% +30.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 137,950 ー 48,367 34,436 198.4 0 May 13, 2024 J-GAAP
Mar, 2025 184,534 ー 71,524 50,779 291.0 0 May 12, 2025 J-GAAP
Mar, 2026 Guidance 254,376 ー 101,262 71,266 408.4 0 Feb 9, 2026 J-GAAP
YoY +37.8% － +41.6% +40.3% +40.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 48,053 ー 18,408 13,037 74.7 0.0 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 52,825 ー 22,027 15,597 89.4 0.0 May 12, 2025 J-GAAP
Apr - Jun, 2025 57,504 ー 23,943 16,835 96.5 0.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 60,857 ー 24,345 17,172 98.4 0.0 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 64,902 ー 26,818 19,112 109.5 0.0 Feb 9, 2026 J-GAAP
YoY +35.1% － +45.7% +46.6% +46.6%

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