•§Consolidated revenue of JPY 566.7 billion, up 9.3% year-over-year.
•§Rakuten Mobile contributes 40% to growth, reaching 8.12 million subscribers.
•§Non-GAAP operating income shows a profit of JPY 12.3 billion.
•§Shopping and travel segments revenue up by 4.4% to JPY 314.6 billion.
•§Fintech segment revenue at JPY 208.2 billion, a 12.8% increase; operating income up 57.2% to JPY 40 billion.
•§Strategic alliance with Mizuho Financial Group to enhance acquiring performance.
•§Rakuten Symphony secured contracts with 45 customers in 2023, targeting over 100 in 2024.
•§AI strategy ("AIization") to infuse AI across operations, enhancing customer experiences.
Company Outlook
•§Rakuten anticipates strong profitability in Q4, supported by strategic alliances and customer base expansion.
•§The company aims for 100% network coverage by March 2026 for Rakuten Mobile.
•§Plans to integrate AI to enhance services and increase customer satisfaction.
Bearish Highlights
•§The company is focused on improving operating income and reducing debt to maintain financial health.
Bullish Highlights
•§Rakuten Mobile achieved its first quarterly profit with significant subscriber growth.
•§The fintech segment shows robust revenue and operating income increases.
•§Rakuten Card's GTV reached JPY 6 trillion, up 12.7% year-over-year.
•§Rakuten Bank and Rakuten Securities both reported significant growth in accounts and general account value.
www.investing.com/news/transcripts/...ent-shines-93CH-3727259