RakutenRakuten Group,Inc.4755東証プライムサービス業FY ending Dec 2025, consolidated, IFRS

Rakuten FY ending Dec 2025 results

About 48% of Rakuten's sales come from Internet Services, with FinTech and Mobile making up much of the rest.

Out of every ¥100 of sales, about ¥1 is left as operating profit.

Revenue changed +9.5% from the prior year, operating profit -72.9%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +9.5% · profit -72.9%, calculated from disclosed figures.

Operating leverage: -7.64× (profit growth ÷ revenue growth)

FY ending Dec 2024 → FY ending Dec 2025

Revenue for FY ending Dec 2025 was ¥2.5T, up +9.5% from ¥2.28T.
Operating income dropped -72.9%, from ¥53B to ¥14.4B. The prior year included a one-off gain, and this year carried heavy asset write-downs.
Net income attributable to owners was -¥177.9B, a wider loss than the -¥162.4B a year earlier.
Operating cash flow came to ¥424.1B, down -64.4% from ¥1.19T.

In FinTech, every major domestic service (cards, banking, brokerage, insurance, payments) grew revenue; the bank earned much more on its funds after the Bank of Japan raised rates
Mobile grew revenue on more subscribers, narrowed its segment loss, and turned positive on EBITDA (profit before depreciation)
Last year's remeasurement gain on AST SpaceMobile shares did not repeat, and Rakuten booked impairments on its warehouse-based online grocery, logistics warehouses and the Open RAN business at Rakuten Symphony
Operating cash flow shrank because the brokerage's financial assets and the bank's and card unit's loans grew, tying up cash

Every business faces many rivals, and newcomers from other industries could make competition tougher
New services may not grow as planned, delaying payback on investment or leading to write-downs
Global inflation, sudden interest-rate moves and unstable exchange rates could seriously affect operations

Annual securities report (FY ending Dec 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (FY ending Dec 2025) / 事業等のリスク

FY ending Dec 2024 → FY ending Dec 2025

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

※ Cost of revenue is not disclosed; expenses are combined

For every ¥100 Rakuten sells, how much goes where, and how much is kept.

FY ending Dec 2025

Operating margin0.6%

Net margin-7.1%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

※ Segments without disclosed profit are drawn entirely as costs

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第29期(2025/01/01－2025/12/31)
ID S100XTNW2026-03-26Open
EDINET (FSA Japan)
有価証券報告書－第28期(2024/01/01－2024/12/31)
ID S100VHZ52025-03-28Open
EDINET (FSA Japan)
有価証券報告書－第27期(2023/01/01－2023/12/31)
ID S100T4X32024-03-28Open
EDINET (FSA Japan)
有価証券報告書－第26期(2022/01/01－2022/12/31)
ID S100QDTK2023-03-30Open
EDINET (FSA Japan)
訂正有価証券報告書－第25期(令和3年1月1日－令和3年12月31日)
ID S100O0612022-05-13Open
EDINET (FSA Japan)
有価証券報告書－第24期(令和2年1月1日－令和2年12月31日)
ID S100L1HG2021-03-30Open

Extracted from XBRL: 37 / Derived from other figures: 1

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