Rakuten Group, Inc. (OTCPK:RKUNY) Q2 2025 Earnings Call August 8, 2025 2:45 AM ET Company Participants Kenji Hirose - Group Executive VP, Group CFO & Director Ting Cai - Chief AI & Data Officer and Group Senior Managing Executive Officer of AI & Data Division Conference Call Participants Unidentified Company Representative Hello, everyone. Thank you very much for taking the time out of your busy schedules to join us today.
Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned. The deal, to be announced later Tuesday, is the most recent sign that Imprint is gaining traction in the co-branded credit card industry.
Rakuten Group, Inc. (OTCPK:RKUNY) Q1 2025 Results Conference Call May 14, 2025 2:45 AM ET Company Participants Hiroshi Mikitani - Chairman, President and Chief Executive Officer Kenji Hirose - Chief Financial Officer Ting Cai - Group Senior Managing Executive Officer, Chief Data Officer, Group Senior Managing Executive Hiroshi Mikitani Thank you all for taking the time out of your busy schedules to join us today. I am pleased to provide a detailed report on the financial status of the Rakuten Group for the first quarter of 2025.
My Buy rating for Rakuten Group is unchanged, as I think that investors' major concerns about the stock have eased. RKUNF's credit health is expected to improve for the future; the company has targeted to reduce its net leverage metric by half within the next 2 years. RKUNY's wireless unit is anticipated to become EBITDA-positive in FY25 on the back of subscriber growth and ARPU expansion.
The financial advisory joint venture of the securities arms of Mizuho Financial Group and Rakuten Group is aiming to reach 50 billion yen ($357 million) in customer assets in its first five years of operations, its chief executive said.
Japan's largest credit card company, Rakuten Card, is aiming to almost double its annual operating profit to 100 billion yen ($663.7 million) in the medium term and sees opportunity in expanding into the largely untapped business-to-business payments market, its new chief executive officer said.
Rakuten Group, Inc. (OTCPK:RKUNY) Q3 2024 Earnings Conference Call November 13, 2024 1:45 AM ET Company Participants Hiroshi Mikitani - Chairman, President and Chief Executive Officer Kenji Hirose - Chief Financial Officer Ting Cai - Group Senior Managing Executive Officer, Chief Data Officer, Group Senior Managing Executive Conference Call Participants Unidentified Company Representative Good afternoon, and thank you for joining Rakuten's 2024 Third Quarter Financial Results meeting. We have disclosed the latest consolidated financial report at 3:30 p.m.
Rakuten achieved positive quarterly operating profit for the first time in 17 quarters, with an operating income of JPY 537 million for Q3 2024. RKUNY suffered from operating losses for four straight years running in the 2020-2023 time frame, and I expect a turnaround with expectations of positive operating profit for Rakuten in 2025. I stick to my existing Buy rating for Rakuten, as it has reached a profitability inflection point and is deserving of higher valuations.
Japan's Mizuho Financial Group will take a 15% stake in Rakuten Group subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies' strategic alliance, they said on Wednesday.