4755
Rakuten Group,Inc.
楽天グループ株式会社
Services
Rakuten Group, Inc. provides various services in e-commerce, fintech, digital content, and communications to various users in Japan, the Americas, Europe, rest of Asia, and internationally. It operates in three segments: Internet Services, FinTech, and Mobile. The company operates a range of e-commerce sites comprising Rakuten Ichiba, an Internet shopping mall; online cash-back sites; travel booking sites; portal sites; and digital content sites, as well as provides messaging services. It also offers credit card, banking, and securities services through the Internet; crypto asset/virtual currency spot transactions; life and general insurance services; and payment services. In addition, the company engages in the sale of advertising; management of professional sport teams; provision of communication services and technologies; operation of electricity supply services; and investment activities. The company was formerly known as Rakuten, Inc. and changed its name to Rakuten Group, Inc. in April 2021. Rakuten Group, Inc. was incorporated in 1997 and is headquartered in Setagaya, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
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FY 2021
EDINET ↗
Net Sales
¥2,496.6B
¥2,279.2B
¥2,071.3B
¥1,927.9B
¥1,681.8B
Operating Income
¥14.4B
¥53.0B
¥-212.9B
¥-363.9B
¥-194.7B
Non-Operating Income
¥63.4B
¥82.3B
¥73.4B
¥115.4B
¥18.9B
Interest Income
¥4.3B
—
—
—
¥681M
Non-Operating Expenses
¥99.4B
¥109.9B
¥64.6B
¥156.9B
¥38.6B
Interest Expense
¥86.7B
¥84.8B
¥47.5B
¥27.4B
¥18.1B
Pre-tax Income
¥-29.6B
¥16.3B
¥-217.7B
¥-407.9B
¥-212.6B
Net Income (owners)
¥-177.9B
¥-162.4B
¥-339.5B
¥-372.9B
¥-133.8B
Minority Interest
¥54.7B
¥33.0B
¥9.9B
¥-3.0B
¥-2.0B
Comprehensive Income
¥48.0B
¥-53.8B
¥-262.2B
¥-306.0B
¥-73.0B
EBITDA
¥334.9B
¥369.4B
¥86.9B
¥-97.8B
¥2.6B
EPS
¥-82.24
¥-75.61
¥-177.27
¥-235.00
¥-87.62
Shares Outstanding
2.17B
2.15B
2.14B
1.59B
1.58B
Shares Issued (total)
2.17B
2.15B
2.14B
1.59B
1.58B
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
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FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥28,804.4B
¥26,514.7B
¥22,625.6B
¥20,437.3B
¥16,831.2B
Cash & Deposits
¥5,837.6B
¥6,170.9B
¥5,127.7B
¥4,694.4B
¥4,410.3B
PP&E
¥1,068.5B
¥1,184.2B
¥1,267.8B
¥1,262.1B
¥975.4B
Goodwill
¥647.2B
¥647.5B
¥594.5B
¥559.0B
¥477.8B
Intangible Assets
¥1,079.2B
¥1,083.4B
¥1,024.2B
¥974.4B
¥859.0B
Deferred Tax Assets
¥71.9B
¥116.6B
¥214.8B
¥281.9B
¥225.1B
Total Liabilities
¥27,450.2B
¥25,276.2B
¥21,537.9B
¥19,566.2B
¥15,713.9B
Deferred Tax Liab.
¥79.8B
¥20.3B
¥3.6B
¥4.7B
¥2.5B
Total Equity
¥1,354.2B
¥1,238.5B
¥1,087.7B
¥871.1B
¥1,117.3B
Capital Surplus
¥658.5B
¥649.4B
¥541.5B
¥353.8B
¥312.0B
Retained Earnings
¥-1,036.1B
¥-824.7B
¥-644.0B
¥-254.0B
¥142.7B
Treasury Stock
¥-5M
¥-4M
¥0M
¥0M
¥0M
AOCI
¥430.9B
¥251.8B
¥175.0B
¥102.5B
¥32.1B
Equity (owners)
¥992.4B
¥927.9B
¥836.6B
¥813.7B
¥1,093.7B
Minority Interests
¥361.8B
¥310.6B
¥251.2B
¥57.4B
¥23.6B
Net Cash ⓘ
¥5,837.6B
¥6,170.9B
¥5,127.7B
¥4,694.4B
¥4,410.3B
BV/Share
¥457
¥431
¥391
¥512
¥691
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥424.1B
¥1,190.9B
¥724.2B
¥-257.9B
¥582.7B
D&A
¥320.5B
¥316.4B
¥299.8B
¥266.1B
¥197.4B
Investing CF
¥-779.8B
¥-921.7B
¥-597.4B
¥-952.4B
¥-611.8B
CapEx
¥65.7B
¥84.0B
¥193.8B
¥298.7B
¥286.9B
Financing CF
¥14.1B
¥757.5B
¥292.0B
¥1,486.7B
¥1,402.3B
Free Cash Flow
¥358.4B
¥1,106.9B
¥530.4B
¥-556.6B
¥295.8B
Net Change in Cash
¥-333.3B
¥1,043.2B
¥433.3B
¥284.1B
¥1,389.0B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
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FY 2022
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FY 2021
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ROE
-13.7%
-14.0%
-34.7%
-37.5%
-12.0%
ROA
-0.6%
-0.7%
-1.6%
-2.0%
-0.8%
EPS
¥-82.24
¥-75.61
¥-177.27
¥-235.00
¥-87.62
DPS
—
—
—
¥4.50
¥4.50
FCF/Share
¥165
¥514
¥248
¥-350
¥187
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2025-12-05
Hiroshi Mikitani
27.6%
-0.21%
change
Passive
—
2025-03-19
BlackRock Japan Co., Ltd.
5.05%
initial_5pct
Passive
—
2024-10-15
Hiroshi Mikitani
27.81%
-0.2%
change
Passive
—
2023-06-07
Hiroshi Mikitani
28.01%
-6.2%
change
Passive
—
2023-05-31
Hiroshi Mikitani
34.21%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
235,173,200
10.84%
2
合同会社クリムゾングループ
226,419,000
10.43%
3
三木谷 浩史
176,703,400
8.14%
4
Japan Post Holdings Co., Ltd.
日本郵政株式会社
131,004,000
6.04%
5
三木谷 晴子
112,625,000
5.19%
6
MSIP CLIENT SECURITIES
MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社)
81,941,532
3.78%
7
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
58,679,800
2.70%
8
GOLDMAN SACHS INTERNATIONAL
GOLDMAN SACHS INTERNATIONAL(常任代理人 ゴールドマン・サックス証券株式会社)
50,495,231
2.33%
9
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)(常任代理人 株式会社三菱UFJ銀行)
45,192,968
2.08%
10
有限会社三木谷興産
40,868,500
1.88%
Domestic Nominees
13.5%
+1.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
39.9%
+0.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
12.28%
10.06%
10.84%
+0.78%
同会社クリムゾングループ
10.57%
10.51%
10.43%
-0.08%
三木谷 浩史
8.23%
8.20%
8.14%
-0.06%
Japan Post Holdings Co., Ltd.
日本郵政
6.12%
6.08%
6.04%
-0.04%
三木谷 晴子
6.19%
5.23%
5.19%
-0.04%
MSIP CLIENT SECURITIES
3.11%
3.05%
3.78%
+0.73%
Japan Custody Bank
日本カストディ銀行
3.32%
2.36%
2.70%
+0.34%
Goldman Sachs
2.52%
2.31%
2.33%
+0.02%
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)
NEW ENTRY
—
—
—
2.08%
NEW
限会社三木谷興産
1.44%
1.90%
1.88%
-0.02%
限会社スピリット
last seen 2024
Exited Top 10
—
1.90%
—
BNY Mellon
last seen 2023
Exited Top 10
2.39%
—
—
Concentration (HHI)
ⓘ
441
371
391
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥226M
-23% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥226M total
FY2023
¥295M total
Book Val ¥M
Shares
Book Val ¥M
Shares
KANTSU CO.,LTD.
(株)関通
226
498,000
295
498,000
Portfolio total
226
295
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding