Rakuten Group, Inc. · TSE:4755
Rakuten — FY2024 Earnings Presentation
72 slides from Rakuten's earnings presentation, February 2025
Slide 1: FY2024 Financial Results Presentation
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Slide 2: Key Points
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Slide 3: 1. FY2024 Results
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Slide 4: AI-driven growth and Rakuten AI
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Slide 5: FY2024 Consolidated Results Summary
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Slide 6: Rakuten Ecosystem Strategy
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Slide 7: Rakuten Group history and ecosystem growth
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Slide 8: Group members and ecosystem growth
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Slide 9: Cross-use of services and members
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Slide 10: Rakuten Mobile subscriber growth
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Slide 11: FY2024 Consolidated Results
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Slide 12: Non-GAAP and IFRS Operating Income
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Slide 13: Consolidated EBITDA excluding Mobile
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Slide 14: EBITDA and IFRS
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Slide 15: Rakuten Mobile EBITDA outlook
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Slide 16: 2. Segment Results
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Slide 17: Internet Services Segment
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Slide 18: Internet Services: FY2024 Results
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Slide 19: Internet Services: FY2024 KPIs
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Slide 20: Internet Services: FY2024 Results by Segment
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Slide 21: Rakuten Ichiba first-party and Kobo
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Slide 22: Rakuten ecosystem members
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Slide 23: Initiatives to expand Ichiba
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Slide 24: AI-powered store and shopping features
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Slide 25: *1 2025 *2 AI 2024 2024
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Slide 26: Internet Services: Other businesses
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Slide 27: Fintech Segment
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Slide 28: Fintech: FY2024 Results
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Slide 29: Fintech: FY2024 KPIs
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Slide 30: Rakuten Card
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Slide 31: Rakuten Bank
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Slide 32: Fintech KPIs by business
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Slide 33: Rakuten Securities
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Slide 34: Fintech group synergies
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Slide 35: Mobile Segment
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Slide 36: Mobile: FY2024 Results
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Slide 37: Rakuten Mobile
Rakuten Mobile
Slide 38: Rakuten Mobile revenue and subscriber trends
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Slide 39: Rakuten Mobile EBITDA trend
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Slide 40: Rakuten Mobile KPIs
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Slide 41: MNO B2B subscriptions
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Slide 42: +43.4% +38.1% +15.6% +22.3%
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Slide 43: Churn rate
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Slide 44: Rakuten Mobile user growth
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Slide 45: Subscriber age distribution
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Slide 46: Subscriber growth initiatives
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Slide 47: Subscriber numbers
2,968 2,918 3,019 2,771 2,861 2,812 2,821 2,801 2,856 755 845 912 912 746 811 845 800 762 186 13 20 32 35 36 90 7 209 209 37 194 193 200 212 202 202 195 96 79 81 87 85 84 91 88 83 1,713 1,740 1,688 1,708 1,719 1,732 1,770 1,672 1,651 47
Slide 48: ARPU improvement
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Slide 49: Rakuten AI for Business
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Slide 50: Cost reduction and capex
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Slide 51: AST SpaceMobile direct-to-cell service
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Slide 52: Rakuten Symphony
Rakuten Symphony
Slide 53: Rakuten Symphony overview
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Slide 54: 3. Outlook
3. AAS
Slide 55: Non-GAAP and IFRS results trend
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Slide 56: FY2024 Non-GAAP and IFRS differences
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Slide 57: FY2024 IFRS operating income
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Slide 58: Group outlook and EBITDA targets
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Slide 59: Non-GAAP EBITDA outlook
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Slide 60: 2025 outlook and financing
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Slide 61: AI
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Slide 62: Rakuten AI-nization
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Slide 63: Rakuten AI initiatives timeline
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Slide 64: AI-driven marketing and ecosystem
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Slide 65: Rakuten AI for Rakutenians
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Slide 66: Rakuten AI for Business launch
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Slide 68: Rakuten AI LLM models
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Slide 71: Rakuten
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