Rakuten Bank, Ltd.

5838 楽天銀行株式会社

Banks - Regional · Prime · TSE: Disclosed

PRICE: ¥5,260 · MKT CAP: ¥917.8B · P/E: 12.6x · P/B: 2.47x · DIV YIELD: 0.0%

PRICE — 5Y

Characteristics & Business Summary

Rakuten Bank, Ltd. provides internet banking products and services to individual, corporate, and sole proprietor customers in Japan. Its deposit products include fixed-term, foreign currency, and yen deposits; securities; and investment trusts. The company...

Income Statement Highlights (¥ Billion, except EPS/DPS in ¥)

Fiscal Period	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	120	138	185	—	—
Operating Profit	39	48	72	—	—
Ordinary Profit	39	48	72	103	—
Net Profit	28	34	51	73	81
EPS	¥168	¥197	¥291	¥419	—
DPS	¥0	¥0	¥0	¥0	—

Balance Sheet & Valuation Highlights

Total Assets ¥16,592B

Net Assets (Equity) ¥390B

Equity Ratio 2.2%

ROE (Return on Equity) 18.8%

Cash & Equivalents ¥4,140B

Interest-Bearing Debt —

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥8B

Major Shareholders

1. 楽天グループ株式会社 49.3%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 7.4%
3. Custody Bank of Japan, Ltd. (Trust Account) 3.5%
4. JPMorgan Chase Bank, N.A. 2.7%
5. BNY Mellon (Nominee) 1.7%
6. JPMorgan Chase Bank, N.A. 1.6%
7. Citibank, N.A. 1.4%
8. Northern Trust Company 1.4%
9. THE CHASE MANHATTAN BANK, N.A. LONDON SPECIAL ACCOUNT NO.1 (常任代理人株式会社みずほ銀行決済営業部) 1.4%
10. State Street Bank and Trust Company 1.4%

Activist Activity

JPMorgan Asset Management (Japan) Limited 6.29%

2026-05-08 · change

JPMorgan Asset Management (Japan) Limited 5.93%

2026-04-03 · change

JPMorgan Asset Management (Japan) Limited 5.86%

2026-03-18 · change

JPMorgan Asset Management (Japan) Limited 5.3%

2026-03-04 · change

JPMorgan Asset Management (Japan) Limited 6.4%

2026-02-04 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥732	¥791	¥1,058	—	—
FCF/Share	¥3,607	¥5,884	¥1,050	¥2,022	—
EPS	¥168	¥197	¥291	¥419	—
DPS	¥0	¥0	¥0	¥0	—
Capital Spending per share	¥9	¥7	¥3	¥9	—
Book Value per share	¥1,317	¥1,515	¥1,806	¥2,225	—
Common Shares Outstanding	164M	174M	174M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥120B	¥138B	¥185B	—	—
Operating Margin (%)	32.2%	35.1%	38.8%	—	—
Net Profit (owners)	¥28B	¥34B	¥51B	¥73B	¥81B
Net Profit Margin (%)	23.0%	25.0%	27.5%	—	—
Working Capital	—	—	—	—	—
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	—	—
Net Worth (Common Equity)	¥217B	¥264B	¥315B	¥388B	—
Return on Total Assets (ROA)	0.2%	0.3%	0.3%	0.4%	—
Return on Common Equity (ROE)	12.8%	13.0%	16.1%	18.8%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.