Income Statement Rakuten Group, Inc.

Equities

4755

JP3967200001

Internet Services

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-06-08 EDT			5-day change	1st Jan Change
741.00 ^JPY	-2.20%		-3.06%	-26.20%

05-20	Rakuten Group Inc - Notice concerning definitive agreement on reorganization of Rakuten Group's fintech business including Rakuten Bank, Ltd. through share delivery	RE
05-20	Rakuten bank to form capital alliance with Mizuho bank	RE

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Published financial data: RAKUTEN GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1,682B	1,928B	2,071B	2,279B	2,497B
Total Revenues	1,682B	1,928B	2,071B	2,279B	2,497B
Cost of Goods Sold, Total	1,966B	2,254B	2,235B	2,304B	2,399B
Gross Profit	-285B	-326B	-164B	-24.57B	97.41B
Other Operating Expenses	74M	10.07B	11.5B	2.45B	6.18B
Other Operating Expenses, Total	74M	10.07B	11.5B	2.45B	6.18B
Operating Income	-285B	-336B	-175B	-27.02B	91.23B
Interest Expense, Total	-18.06B	-27.44B	-47.48B	-84.78B	-86.68B
Interest And Investment Income	681M	-	-	-	4.26B
Net Interest Expenses	-17.38B	-27.44B	-47.48B	-84.78B	-82.42B
Income (Loss) On Equity Invest.	1.83B	-2.55B	-13.73B	-9.03B	-7.89B
Currency Exchange Gains (Loss)	-10.71B	-21.31B	-10.62B	-17.96B	5.42B
Other Non Operating Income (Expenses)	-5.51B	-638M	365M	-1.77B	-5.03B
EBT, Excl. Unusual Items	-317B	-388B	-247B	-141B	1.32B
Gain (Loss) On Sale Of Investments	93.39B	-120B	17.22B	118B	-5.1B
Gain (Loss) On Sale Of Assets	-1.6B	-3.08B	-3.42B	-10.5B	-904M
Asset Writedown	12.08B	104B	15.06B	49.2B	-24.87B
EBT, Incl. Unusual Items	-213B	-408B	-218B	16.28B	-29.55B
Income Tax Expense	-76.8B	-31.98B	112B	146B	93.66B
Earnings From Continuing Operations	-136B	-376B	-330B	-129B	-123B
Net Income to Company	-136B	-376B	-330B	-129B	-123B
Minority Interest	2B	3.03B	-9.94B	-32.96B	-54.67B
Net Income - (IS)	-134B	-373B	-339B	-162B	-178B
Net Income to Common Incl Extra Items	-134B	-373B	-339B	-162B	-178B
Net Income to Common Excl. Extra Items	-134B	-373B	-339B	-162B	-178B
Per Share Items
Net EPS - Basic	-87.62	-235	-177.27	-75.61	-82.24
Basic EPS - Continuing Operations	-87.62	-235	-177.27	-75.61	-82.24
Basic Weighted Average Shares Outstanding	1.53B	1.59B	1.91B	2.15B	2.16B
Net EPS - Diluted	-87.62	-235.16	-177.29	-75.62	-82.26
Diluted EPS - Continuing Operations	-87.62	-235.16	-177.29	-75.62	-82.26
Diluted Weighted Average Shares Outstanding	1.53B	1.59B	1.91B	2.15B	2.16B
Normalized Basic EPS	-128.2	-151.02	-85.67	-56.23	-24.89
Normalized Diluted EPS	-128.2	-151.02	-85.67	-56.23	-24.89
Dividend Per Share	4.5	4.5	-	-	-
Payout Ratio	-4.58	-1.91	-2.11	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-87.38B	-70.19B	125B	289B	412B
EBITA	-285B	-336B	-175B	-27.02B	91.23B
EBIT	-285B	-336B	-175B	-27.02B	91.23B
Effective Tax Rate - (Ratio)	36.12	7.84	-51.34	895.51	-316.96
Normalized Net Income	-196B	-240B	-164B	-121B	-53.85B
Non-Cash Pension Expense	8.38B	12.62B	13.76B	16.38B	15.27B
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	17.29B	14.16B	14.31B	17.14B	21.88B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4,410B	4,694B	5,128B	6,171B	5,838B
Short Term Investments	281B	161B	182B	289B	491B
Total Cash And Short Term Investments	4,691B	4,855B	5,310B	6,460B	6,329B
Accounts Receivable, Total	2,696B	3,140B	3,397B	3,919B	4,106B
Total Receivables	2,696B	3,140B	3,397B	3,919B	4,106B
Other Current Assets, Total	7,010B	9,339B	10,722B	13,024B	15,361B
Total Current Assets	14,397B	17,334B	19,429B	23,402B	25,796B
Net Property Plant And Equipment	975B	1,262B	1,268B	1,184B	1,069B
Long-term Investments	374B	584B	690B	728B	789B
Goodwill	478B	559B	594B	647B	647B
Other Intangibles, Total	381B	415B	430B	436B	432B
Deferred Tax Assets Long-Term	225B	282B	215B	117B	71.91B
Total Assets	16,831B	20,437B	22,626B	26,515B	28,804B
Liabilities
Accounts Payable, Total	392B	451B	420B	519B	554B
Short-term Borrowings	3,403B	4,913B	4,795B	5,462B	5,570B
Current Income Taxes Payable	13.5B	18.14B	30.14B	55.84B	43.69B
Other Current Liabilities	11,322B	13,577B	15,643B	18,490B	20,398B
Total Current Liabilities	15,130B	18,958B	20,888B	24,527B	26,565B
Pension & Other Post Retirement Benefits	29.75B	34.74B	41.05B	47.34B	48.96B
Deferred Tax Liability Non Current	2.49B	4.71B	3.6B	20.3B	79.76B
Other Non Current Liabilities	551B	569B	605B	682B	757B
Total Liabilities	15,714B	19,566B	21,538B	25,276B	27,450B
Common Stock, Total	290B	294B	447B	453B	460B
Additional Paid In Capital	312B	354B	542B	649B	658B
Retained Earnings	143B	-254B	-644B	-825B	-1,036B
Treasury Stock	-	-	-	-4M	-5M
Comprehensive Income and Other	349B	420B	492B	651B	911B
Total Common Equity	1,094B	814B	837B	928B	992B
Minority Interest	23.57B	57.36B	251B	311B	362B
Total Equity	1,117B	871B	1,088B	1,239B	1,354B
Total Liabilities And Equity	16,831B	20,437B	22,626B	26,515B	28,804B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.58B	1.59B	2.14B	2.16B	2.17B
ECS Total Common Shares Outstanding	1.58B	1.59B	2.14B	2.15B	2.17B
Book Value / Share	691.47	511.63	390.53	430.67	457.34
Tangible Book Value	235B	-161B	-188B	-155B	-86.8B
Tangible Book Value Per Share	148.4	-101	-87.59	-72.17	-40
Total Debt	3,403B	4,913B	4,795B	5,462B	5,570B
Net Debt	-1,289B	57.32B	-515B	-998B	-759B
Debt Equivalent of Unfunded Proj. Benefit Obligation	29.75B	34.74B	41.05B	47.34B	48.96B
Minority Interest, Total (Incl. Fin. Div)	23.57B	57.36B	251B	311B	362B
Equity Method Investments, Total	68.99B	77.54B	42.1B	35.11B	27.1B
Full Time Employees	28.26K	32.08K	30.83K	29.33K	29.42K
Order Backlog	-	-	114B	77.89B	42.98B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-213B	-408B	-218B	16.28B	-29.55B
Depreciation & Amortization - CF	197B	266B	300B	316B	320B
Depreciation & Amortization, Total	197B	266B	300B	316B	320B
(Gain) Loss From Sale Of Asset	4.24B	10.95B	30.63B	17.76B	68.33B
Other Operating Activities, Total	-1.06B	-24.47B	-32.01B	-44.49B	-84.69B
Change In Accounts Receivable	-402B	-420B	-244B	-500B	-182B
Change In Accounts Payable	45.04B	50.76B	-42.39B	86.04B	27.37B
Change in Other Net Operating Assets	952B	266B	930B	1,299B	304B
Cash from Operations	583B	-258B	724B	1,191B	424B
Capital Expenditure	-287B	-299B	-194B	-83.95B	-65.67B
Cash Acquisitions	-66B	-31B	-243M	-401M	-1.46B
Divestitures	-	-	22B	4.11B	4.72B
Sale (Purchase) of Intangible assets	-124B	-141B	-157B	-159B	-140B
Investment in Marketable and Equity Securities, Total	-16.4B	-12.47B	-10.93B	-77.27B	-18.17B
Other Investing Activities, Total	-119B	-470B	-257B	-605B	-559B
Cash from Investing	-612B	-952B	-597B	-922B	-780B
Short Term Debt Issued, Total	117B	89.9B	-	206B	369B
Long-Term Debt Issued, Total	1,084B	2,414B	1,709B	1,133B	596B
Total Debt Issued	1,201B	2,503B	1,709B	1,340B	965B
Short Term Debt Repaid, Total	-6B	-404B	-498B	-	-18.8B
Long-Term Debt Repaid, Total	-296B	-601B	-1,339B	-696B	-845B
Total Debt Repaid	-302B	-1,005B	-1,837B	-696B	-863B
Issuance of Common Stock	241B	-	294B	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-6.13B	-7.12B	-7.16B	-	-
Common & Preferred Stock Dividends Paid	-6.13B	-7.12B	-7.16B	-	-
Other Financing Activities, Total	268B	-4.48B	133B	114B	-87.6B
Cash from Financing	1,402B	1,487B	292B	757B	14.13B
Foreign Exchange Rate Adjustments	15.85B	7.73B	14.58B	16.59B	8.26B
Net Change in Cash	1,389B	284B	433B	1,043B	-333B
Supplemental Items
Cash Interest Paid	-	-	36.89B	63.32B	80.59B
Cash Income Tax Paid (Refund)	1.06B	24.47B	32.01B	44.49B	84.69B
Levered Free Cash Flow	189B	-856B	217B	151B	-477B
Unlevered Free Cash Flow	201B	-839B	247B	204B	-423B
Change In Net Working Capital	-592B	455B	-408B	-148B	594B
Net Debt Issued / Repaid	899B	1,498B	-128B	643B	102B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-1.21	-1.13	-0.51	-0.07	0.21
Return on Total Capital	-4.66	-4.08	-1.88	-0.27	0.84
Return On Equity %	-15.56	-37.81	-33.65	-11.13	-9.5
Return on Common Equity	-15.72	-39.1	-41.14	-18.41	-18.53
Margin Analysis
Gross Profit Margin %	-16.93	-16.92	-7.9	-1.08	3.9
EBITDA Margin %	-5.2	-3.64	6.02	12.7	16.49
EBITA Margin %	-16.93	-17.44	-8.46	-1.19	3.65
EBIT Margin %	-16.93	-17.44	-8.46	-1.19	3.65
Income From Continuing Operations Margin %	-8.08	-19.5	-15.91	-5.68	-4.94
Net Income Margin %	-7.96	-19.34	-16.39	-7.13	-7.13
Net Avail. For Common Margin %	-7.96	-19.34	-16.39	-7.13	-7.13
Normalized Net Income Margin	-11.64	-12.43	-7.92	-5.3	-2.16
Levered Free Cash Flow Margin	11.26	-44.4	10.49	6.64	-19.11
Unlevered Free Cash Flow Margin	11.93	-43.51	11.93	8.97	-16.94
Asset Turnover
Asset Turnover	0.11	0.1	0.1	0.09	0.09
Fixed Assets Turnover	2.03	1.72	1.64	1.86	2.22
Receivables Turnover (Average Receivables)	0.68	0.66	0.63	0.62	0.62
Short Term Liquidity
Current Ratio	0.95	0.91	0.93	0.95	0.97
Quick Ratio	0.49	0.42	0.42	0.42	0.39
Operating Cash Flow to Current Liabilities	0.04	-0.01	0.03	0.05	0.02
Days Sales Outstanding (Average Receivables)	539.68	552.5	576.01	587.4	586.63
Average Days Payable Outstanding	67.74	68.25	71.08	74.59	81.6
Long Term Solvency
Total Debt/Equity	304.57	563.98	440.84	440.99	411.28
Total Debt / Total Capital	75.28	84.94	81.51	81.52	80.44
Total Liabilities / Total Assets	93.36	95.74	95.19	95.33	95.3
EBIT / Interest Expense	-15.77	-12.26	-3.69	-0.32	1.05
EBITDA / Interest Expense	-4.84	-2.56	2.62	3.41	4.75
(EBITDA - Capex) / Interest Expense	-20.72	-13.44	-1.46	2.42	3.99
Total Debt / EBITDA	-38.94	-69.99	38.48	18.87	13.53
Net Debt / EBITDA	14.75	-0.82	-4.13	-3.45	-1.84
Total Debt / (EBITDA - Capex)	-9.09	-13.32	-69.29	26.58	16.1
Net Debt / (EBITDA - Capex)	3.44	-0.16	7.44	-4.86	-2.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.54	14.63	7.44	10.04	9.54
Gross Profit, 1 Yr. Growth %	129.4	14.61	-49.84	-84.98	-496.4
EBITDA, 1 Yr. Growth %	-516.86	-19.67	-277.55	132.23	42.26
EBITA, 1 Yr. Growth %	118.11	18.11	-47.92	-84.57	-437.59
EBIT, 1 Yr. Growth %	118.11	18.11	-47.92	-84.57	-437.59
Earnings From Cont. Operations, 1 Yr. Growth %	17.26	176.76	-12.34	-60.71	-4.84
Net Income, 1 Yr. Growth %	17.19	178.63	-8.96	-52.15	9.51
Normalized Net Income, 1 Yr. Growth %	74.66	22.37	-31.53	-26.36	-55.43
Diluted EPS Before Extra, 1 Yr. Growth %	4.31	168.38	-24.61	-57.35	8.79
Accounts Receivable, 1 Yr. Growth %	18.42	16.47	8.18	15.35	4.78
Net Property, Plant and Equip., 1 Yr. Growth %	42.57	29.4	0.45	-6.6	-9.77
Total Assets, 1 Yr. Growth %	34.39	21.42	10.71	17.19	8.64
Tangible Book Value, 1 Yr. Growth %	-860.82	-168.44	16.8	-17.13	-44.18
Common Equity, 1 Yr. Growth %	79.67	-25.6	2.81	10.91	6.96
Cash From Operations, 1 Yr. Growth %	-44.05	-144.27	-380.75	64.44	-64.39
Capital Expenditures, 1 Yr. Growth %	2.71	4.12	-35.1	-56.69	-21.78
Levered Free Cash Flow, 1 Yr. Growth %	-79.82	-552.12	-125.39	-30.33	-415.1
Unlevered Free Cash Flow, 1 Yr. Growth %	-78.82	-518.14	-129.44	-17.25	-306.91
Dividend Per Share, 1 Yr. Growth %	0	0	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.35	15.09	10.98	8.73	9.79
Gross Profit, 2 Yr. CAGR %	879.01	62.14	-24.18	-72.56	-22.85
EBITDA, 2 Yr. CAGR %	-8.28	82.99	19.42	103.06	81.76
EBITA, 2 Yr. CAGR %	965.72	60.51	-21.57	-71.65	-27.83
EBIT, 2 Yr. CAGR %	965.72	60.51	-21.57	-71.65	-27.83
Earnings From Cont. Operations, 2 Yr. CAGR %	102.67	80.14	55.76	-41.31	-38.85
Net Income, 2 Yr. CAGR %	104.86	80.7	59.27	-34	-27.61
Normalized Net Income, 2 Yr. CAGR %	67.02	46.2	-8.47	-29	-42.71
Diluted EPS Before Extra, 2 Yr. CAGR %	92.89	67.31	42.24	-43.29	-31.88
Accounts Receivable, 2 Yr. CAGR %	14.66	17.44	12.25	11.71	9.94
Net Property, Plant and Equip., 2 Yr. CAGR %	60.97	35.83	14.01	-3.14	-8.2
Total Assets, 2 Yr. CAGR %	35.51	27.74	15.94	13.9	12.83
Tangible Book Value, 2 Yr. CAGR %	36.37	128.19	-10.59	-1.61	-31.98
Common Equity, 2 Yr. CAGR %	21.93	15.62	-12.54	6.78	8.92
Cash From Operations, 2 Yr. CAGR %	35.3	-50.23	11.48	114.87	-23.48
Capital Expenditures, 2 Yr. CAGR %	62.93	3.41	-17.8	-46.98	-41.79
Levered Free Cash Flow, 2 Yr. CAGR %	-25.56	-4.49	7.14	-57.94	48.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	-23.98	-5.88	10.96	-50.64	30.86
Dividend Per Share, 2 Yr. CAGR %	0	0	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.15	15.11	12.48	10.66	9
Gross Profit, 3 Yr. CAGR %	56.88	378.92	9.66	-55.8	-33.16
EBITDA, 3 Yr. CAGR %	-16.45	-12.24	81.16	49.06	80.34
EBITA, 3 Yr. CAGR %	54.36	411.91	10.29	-54.39	-35.27
EBIT, 3 Yr. CAGR %	54.36	411.91	10.29	-54.39	-35.27
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.45	124.85	41.69	-1.58	-31.05
Net Income, 3 Yr. CAGR %	-2.02	126.98	43.79	6.67	-21.86
Normalized Net Income, 3 Yr. CAGR %	66.21	50.57	13.53	-14.87	-39.2
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.67	115.34	28.27	-4.79	-29.54
Accounts Receivable, 3 Yr. CAGR %	17.9	15.26	14.27	13.27	9.35
Net Property, Plant and Equip., 3 Yr. CAGR %	120.21	49.67	22.83	6.68	-5.4
Total Assets, 3 Yr. CAGR %	31.84	30.64	21.79	16.36	12.12
Tangible Book Value, 3 Yr. CAGR %	2.08	8.37	82.53	-12.83	-18.55
Common Equity, 3 Yr. CAGR %	12.19	3.42	11.18	-5.33	6.84
Cash From Operations, 3 Yr. CAGR %	58.76	-6.77	-11.4	26.9	18.03
Capital Expenditures, 3 Yr. CAGR %	130.44	40.34	-11.46	-33.61	-39.64
Levered Free Cash Flow, 3 Yr. CAGR %	8.71	35.81	-38.59	-7.18	-17.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	11.44	34.19	-36.11	0.62	-20.41
Dividend Per Share, 3 Yr. CAGR %	0	0	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.55	15.34	13.46	12.52	11.39
Gross Profit, 5 Yr. CAGR %	22.23	24.99	17.29	52.6	-4.73
EBITDA, 5 Yr. CAGR %	-9.84	-15.34	-3.62	22.75	81.4
EBITA, 5 Yr. CAGR %	22.68	25.74	17.74	60.89	-6.92
EBIT, 5 Yr. CAGR %	22.68	25.74	17.74	60.89	-6.92
Earnings From Cont. Operations, 5 Yr. CAGR %	29.01	27.75	18.36	31.39	1.24
Net Income, 5 Yr. CAGR %	28.64	27.52	19	38.49	9.27
Normalized Net Income, 5 Yr. CAGR %	26.37	32.25	30.93	11.47	-13.64
Diluted EPS Before Extra, 5 Yr. CAGR %	27.08	24.29	11.18	26.28	-0.42
Accounts Receivable, 5 Yr. CAGR %	18.96	18.37	15.61	13.83	12.52
Net Property, Plant and Equip., 5 Yr. CAGR %	78.87	76.75	69.23	25.76	9.33
Total Assets, 5 Yr. CAGR %	29.59	27.01	25.23	23.67	18.12
Tangible Book Value, 5 Yr. CAGR %	6.15	0.55	-3.19	4.26	22.98
Common Equity, 5 Yr. CAGR %	9.96	3.56	1.55	4.75	10.27
Cash From Operations, 5 Yr. CAGR %	80.16	9.74	37.83	30.2	-16.45
Capital Expenditures, 5 Yr. CAGR %	86.67	56.44	52.58	-4.92	-25.14
Levered Free Cash Flow, 5 Yr. CAGR %	22.52	79.01	8.08	-15.02	-12.65
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.25	76.88	11.25	-10.05	-14.89
Dividend Per Share, 5 Yr. CAGR %	0	0	-	-	-