Rakuten Group Q3 FY2022 Financial Results Highlights

・ In Q3 FY2022, the FinTech segment recorded increases in both revenue and profit. Revenue was 166.5 billion yen, up 10.3% YoY, and Non-GAAP operating profit was 25.2 billion yen, an increase of 19.0% YoY.

・ Rakuten Card continues to grow and has issued a cumulative total of 27.51 million cards as of the end of September 2022. Boosted by continued growth in the number of cards issued and high usage rates, Rakuten Card’s shopping gross transaction value (GTV) in Q3 FY2022 reached 4.6 trillion yen, up 27.4% YoY, and its market share of Japan’s domestic shopping GTV expanded steadily to 23.0% (as of August 2022).

・Rakuten Bank reached 13.03 million non-consolidated customer accounts as of the end of September 2022. In addition to the convenience offered by its online services, the synergy Rakuten Bank has generated through a wide range of initiatives leveraging various Rakuten Group services has been well-received, and the number of bank accounts continues to grow. In July, Rakuten Bank submitted its application for listing on the Tokyo Stock Exchange.

・ Rakuten Securities reached a total of 8.36 million securities customer accounts as of the end of September 2022. The company established Rakuten Securities Holdings and completed the organizational restructuring of the securities business in October. Going forward, the company will aim for an initial public offering of Rakuten Securities Holdings, Inc. Also in October, the company announced the conclusion of a strategic capital and business alliance with Mizuho Securities Co., Ltd.

・In the Rakuten Insurance Group, in-person sales channels are recovering from the pandemic slow-down. Annualized New Business Premiums （ANP）of new policies sold in-person grew significantly, increasing by 26.0% YoY for Rakuten Life Insurance and by 27.2% YoY for Rakuten General Insurance. In addition, the number of agencies selling Rakuten Life Insurance’s group credit life insurance increased.

・The Payment business delivered even greater levels of convenience to users through Rakuten Pay app collaborations with Seven Bank, Air PAY and Rakuten Card. Users are now able to benefit from an expanded range of services, including contactless “touch” payments with their Rakuten Card through the Rakuten Pay app.