Rakuten Bank (5838) Q2 2026 earnings summary

Executive summary

• Achieved record highs in ordinary income, ordinary profit, and net income for 1H FY2025, driven by strong interest income growth and expansion of main accounts and deposits.

• Maintained Japan's largest digital bank status with 17.32 million accounts and JPY12.2 trillion in deposits as of September 2025.

• Launched new products including a securities-backed loan and a credit-line type reverse mortgage, enhancing customer offerings.

• Profit attributable to owners of parent increased 53.5% YoY to JPY34.0bn.

Financial highlights

• Ordinary income rose 41.4% YoY to JPY118.3bn; ordinary profit up 55.3% YoY to JPY48.2bn; net income up 53.5% YoY to JPY34.0bn.

• Interest income increased 62.7% YoY to JPY90.1bn, while non-interest income remained stable at JPY27.7bn.

• Fees and commissions rose by JPY896m YoY to JPY23.9bn, supported by more customers using accounts as primary accounts.

• G&A expense ratio improved by 4.7pts YoY to 32.9% despite an 18.3% increase in expenses.

• Comprehensive income for the period was JPY36.7bn, up from JPY19.4bn a year earlier.

Outlook and guidance

• FY2025 forecasts: ordinary income JPY246.8bn (+33.7% YoY), ordinary profit JPY91.2bn (+27.5% YoY), net income JPY64.3bn (+26.7% YoY).

• Medium-term targets (FY2026): 25 million accounts, JPY20tn in deposits, JPY200bn ordinary income, JPY70bn ordinary profit.

• No dividend is planned for the fiscal year ending March 31, 2026.