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Rakuten revenue increased 19.2% year-on-year

Staff writer |
Rakuten announced the consolidated financial reports (IFRS) for the fiscal year ended December 31, 2015.

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The Rakuten Group achieved revenue of ¥713,555 million for the fiscal year ended December 31, 2015, up 19.2% year-on-year, and Non-GAAP operating income of ¥152,153 million, up 28.8% year-on-year.

Domestic e-commerce services revenue was robust with 7.8% year-on-year increase. Revenue for internet services rose to ¥440,744 million, a 21.5% year-on-year increase.

While upfront investments are continued to be made in future growth fields, profit from existing businesses have grown steadily, resulting in segment profit of ¥99,508 million, a 45.4% year-on-year increase.

In the FinTech segment for the fiscal year ended December 31, 2015, shopping transaction value grew by 20.2% year-on-year in credit card related services due to a growth in Rakuten Card membership.

The FinTech segment recorded ¥275,136 million in revenue, a 16.3% year-on-year increase, while segment profit was ¥63,899 million, a 29.1% year-on-year increase.

In the Others segment for the fiscal year ended December 31, 2015, the Group conducted aggressive sales activities such as TV advertising and sales campaigns at the storefront with the aim of increasing the number of new subscribers of the MVNO (Mobile Virtual Network Operator) services, Rakuten Mobile.

Revenue for the segment was ¥52,092 million, a 22.7% year-on-year increase, while segment loss was ¥8,599 million (compared with segment profit of ¥191 million for the same period of the previous fiscal year).

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