Rakuten Swings to Quarterly Profit as Revenue Hits Record

Rakuten Group has built an ecosystem spanning e-commerce, credit cards, banking and mobile services, using its membership and loyalty program to move customers across businesses. Its push into Japan’s capital-intensive wireless market has weighed on earnings for years, making the performance of Internet Services and FinTech — and the pace at which Mobile narrows losses — central to the company’s turnaround. A return to quarterly net profit signals that earnings from the broader ecosystem are beginning to offset telecom investment.

Rakuten said on Aug. 10 that second-quarter fiscal 2026 consolidated revenue rose 11.6% from a year earlier to a record 665.5 billion yen. Non-GAAP operating income more than doubled to 42.0 billion yen, while IFRS operating income climbed to 20.0 billion yen. Net income attributable to owners of the parent was 7.7 billion yen, improving by 58.7 billion yen and marking the first quarterly net profit in six years. FinTech operating profit jumped 60.1%, Internet Services gained 68.6%, and Mobile’s operating loss narrowed by 4.1 billion yen.