#RakutenGroup

Rakuten Group and Rakuten Bank have resumed discussions on the fintech business restructuring and signed a basic agreement aiming for effectiveness in October 2026.

Kenji Hirose will resign as director effective March 27, 2026, and Nao Kono and Eiichi Kaga are scheduled to be appointed as new directors.

For the fiscal year ending December 2025, revenue was 967,393 million yen (YoY +7.7%), operating income was 70,018 million yen (YoY +440.3%) showing significant growth, while net loss attributable to owners of parent was △25,754 million yen.

Rakuten Group and Rakuten Bank have resumed discussions toward a group internal restructuring of the fintech business aiming for October 2026. Holding 49.26% of Rakuten Bank shares, fairness is ensured through the establishment of a special committee.

Rakuten Group expects to record impairment losses of JPY 20,497 million in the Rakuten Symphony Open RAN business and JPY 10,024 million in the Logistics business for the fiscal year ending December 2025. Meanwhile, a derivative valuation gain of JPY 36,402 million is also expected to be recorded.

Rakuten Securities, Inc.'s consolidated results for the fiscal year ending December 2025 recorded operating revenue of JPY 158,340 million, operating income of JPY 44,531 million, and net income attributable to owners of the parent of JPY 21,699 million, achieving year-over-year increases in both revenue and profit.

Rakuten Group resolved to grant 93 subscription warrants to 3 subsidiary directors and 50,221 subscription warrants to 15,584 executive officers and employees on February 1, 2026, with the total number of underlying shares being 5,031,400 shares.