Rakuten Group, Inc. · TSE:4755

Rakuten — Q1 2026 Earnings Presentation

71 slides from Rakuten's earnings presentation, May 2026

  1. Slide 1: 2026年度第1四半期決算 決算説明会

    2026 RF 1DERAR HS GEE) FLY F—YavVeR 202675A148 RAT W— FRA Rakuten © 2026F ER S1U+HORAICOUTHAS CHL, EDR, IP ACFOOMBEA MBICDUVT. ACH L TIEF— TAI &RF-IADAG-OF4Y- YRPTEVCHMUELET.

  2. Slide 2: Key topics

    KEYI2Z Ey vyvu- Fa rayv2s4 El] t7x> balsa FT YI-—AYbRV-ERZLETXYb ‘DH YFyIVIXVh SENTIWETXYb 4 er Bal R © AAOPVIVIIE SADT -ICRR. BROVIY-, TAVAFAICDUTYPLHUC CHILET. ENB. CT XY KAIDSRITDUVT CHHHALET.

  3. Slide 3: 1. 連結業績

    e ETUY ) —CTd.

  4. Slide 4: Q1/26 連結売上収益

    Q1/26 ife7e ENG +14.4% Desa led iH (+18) i 643.6 WR = \ 562.7 +18.5% 131.2 $e 1FHAIK a5 c MSR = 110.7 ob 223.6 ieee 6 9 A3 6en 305.5 nem 317.6 AYI—KY hY-EZS BS — hI 4 VASE LENS MR, 41779 ESRC SORRMMICA aves aves ENT ORME AIL S| MAYI-KYRY-EALIXY A BDAVTYICIXIA BENT ETXYb ems R ‘ sc LiSSS UF RRICSL) C

  5. Slide 5: Q1/26 EBITDA

    Q1/26 EBITDA” +36.2% EME CHORD ’ 108.8 oa jJ242EBITDA = 1,088. +28.1% - — eral 29.5 BCTXY LOBRERRICLY MNOSRABEAR 65 +7605 M1 THEME LT1,000K AZ RB Q1/25 Q1/26 BA YI-RYbY-EALTXY RK BDAY FYILTIXYbA BET eTXYb AS R s EBITDAIS1,088 fA & 4), MNOBRABBAR. MOTH DUE RA C1000AeRiRLEL. BITEIRAIC36. 2% CIT.

  6. Slide 6: Q1/26 Non-GAAP営業利益

    Q1/26 iB#5Non-GAAPE tli +366en ROSELL (+48) MNOMSEASA etl 58 1 DU>FHA mT Beh SAMO ELAS < ES S12 R CORP IGER Q1/25 Q1/26 MAYI-RYAY-EALTXY A DAVE YIVIXYh MENTIETXYb Bred “OU26E 1). —HOAREORARATETRICET SESE, USIDE TAY HRRICOW THREE ERE. R 6 @ JB*Non-GAAPE tlm lCOLVT EH. MNOBRICABBSAR, MW) C5 1-FHA CRIE

  7. Slide 7: 2. エコシステム

  8. Slide 8: エコシステム

    TAVYVAThL HAO —-ECANBEICFAL SKC Cie SSCS L< R @ COMPS EENMIC, BANLIVYVAFLITDUT, REDE ICE WHEL < CHRRUVEEITS KS CHHBLET.

  9. Slide 9: 楽天エコシステムの強み

    mA eFCRALIAYVATL 1+1<2 1+1>2 AYIOVUybhF4*AZAIVb LAIYAFLILEPL (DBT KS EO Bi) GEST £3 iE O11) R @ BAICHWUTIE DTLIVYVAF LEWD HAIFA EDEKES ICBRMOCRTM, BAWIC. LDMSMH- IYVT7OVUyk FoeAHIVRES, 14+ 1MSKEVKSGEH COR MICRSTCE aBLES. A. BRVOOWMSAIBRSIYTIOVUyb Gs TK. ED TREBRYFY—-—POSTIV-TFU-EAZCHY. 1 +1IP2DE, SS

  10. Slide 10: エコシステム概要

    AEM 5 — CORB. TAVYAThLICES FSS & TF +) CRUE * 70OBOU—EX BE. #HOTSYERUID - 4, 588HOEAAMNAeS 7-F . SigicpRSey—E Ame . REBReNkI—v— vamp OfVILT 14 2RHOSIING MRL CRATSOERAILF ye ICRI SHG Aw (7 CB IRIS, AUCKDTLA-YVIY RAIN TRE TLHS RSD CUDSHEOVETH, SSOSEBICSUT, RROLIY AFLIEFTO-AZAOWHL, ENeFITM< FIA ILYVAVN

  11. Slide 11: 楽天エコシステムの成長戦略

    RALIVAT LM SEENSMEORMER f_ ‘\ @ PIF471—-¥—-wB ||@ 7OAZI—-2z 4 588HORNARAAS BLE KS M. HCKH SBN BA -—CZAOAM MESESH Jl ; ‘a \ ~ (3) SHERAEMIG (LTV) || @ RESESR BOT vis 4 Ss {ECACU-EZ CHS. +£énNSS1—0—O BLTIVO-ERA +E ie PyTep e BAMWITIZ, WAICI—-W—-MeBPth. WAICTOAZI— ZAzBPeTH. COVCHEEMBE (LIV: FTIITLIN Ya

  12. Slide 12: 会員基盤の拡大

    OPIF471—-Y—-W : PRLIYAF LICE SBANCRMESEN B HEOTSY ERUIDN FCHCHSRALIVAT LANDER Seis eA RRLIVAFT LAMAAASH (2020~2025% Et) -, = 179-49 bY -E2ZSH A aN +1,970 54 =~ \ Jt vF9 78H +1 ,610 BA Fd 1°@ (RRR Y bH-KeBE) . -, ’ ya 7 EIN ISH se". +290m \p Be> CNE COSH. 2020 52025FOMIC. TYUI-RyY KY—-EARHCAD TSKMULN

  13. Slide 13: クロスユース拡大

    @IJOZIA—-Z : SRLAIVAT ADH OSB OB 8 XAOIDPT CY SBRINST—-IEBAL,. SPUSORFETPCMBOLIVYATLRRERA LAVAS LMRABE JOAZA-AT 4.6 OvV—-ERZ ZFS omc 17,9105 F-EAZDFREICA PRLIVYVAThL FIBER (2020~2025S¢ Et) | 3,87 154 ) R CDAD TEREB, B7AADARM, BARLAVAT LOMA FAAMSIOAZI—-ZAITEY, 466 OMODU-ERZSMELYIEDT WET, ENENOV—-—EAZ

  14. Slide 14: LTV: 利用サービス数別

    @OLTV : BRSUAAY FOHISPCUEOT Lilie = alk 3RATIXY KORMAT Mee) See LbIs13. 51s 1G7XY bOFRMA 2U7XY hOFA 3R7XY hORMA esa R @ CO CHERICBR << NEMECIN, 1IDOLTXY ELAMEDT LVEWA, 2ODNLRATXYbhLeAALTNSSER, 3007 AY bheAALTWISBEREERISL. 2ZDOLTIXVhLE {F> TWSBBOAISHS 4 DRATI—-PRELEW. 39 DNETPXYVKEFDTWEEWCTWSAISIB SE

  15. Slide 15: LTV: 継続年数別

    @LTV : RRLIYVAF LOBACREOT VILT 4 AIA -EAZRCEORKIIYAT LE (1 FC AAI D4 OMBER=100E LIRIK. 202505) 100 BA —-ECAZMRICEY BAICNBINS RES RRB SEIE F CLT VeeAib @ Seba i |e ' TH-ER 29-ER 3H-ER 4+-ER (7 @ C51C. 20, 3D, 40D -EAZRE7 TWEE EUERITE SROEDEWSRETD, BAIL, ID-EAZADAAADA DEB PRe1IOOK FSX. 4DVWEODUV—-ERSF

  16. Slide 16: 顧客獲得コスト (CAC)

    @BBERAA (CAC): (FIA CH lLAtiliiies —C ADF ee ( BRLIYAFLOP-ChKS—YEFI ) CACOIRUS—-EX CHEZ Bis L. FJOAZL-ATLIVORWUY-EAZCPyTFEIL cac ©) Ex=zI> Lv @®) lf yI—4y KY—ER! at A BRUTY KA—KWUHAO +ESTPAY ES CERES K+ ee RRLIAVAT LAREDO BLIVS-E2ZOMMABEOS5 T5%NCACOEWY—E 2 S5%visRALIVYAFLAD Beto MCAT 52025 MORAL M I

  17. Slide 17: エコシステムの更なる成長

    BALIVAT ACC 7 TANUSHREE <. SSRSMBALORSIC PRLIIVYAT LO mAGOT PIL 41k HFEAIIE FS RESO BB HEIS WT SHBSlc RALIVATLMNATS BEG7—IJlt AUCKS SHOT SSeS iRAwO KIT N—Ic R @ AMWTE THIEN -EAMYSRIOTUCOMEWS AIC DUTIE, BHVITIEU YFRF-IRGVEF, AVIATY F—IEITCR<KADIAVIF—IJbtov, CACHRICAS yv¥FIRF-IJENR—-AZIC, RRB -EAZSREL

  18. Slide 18: 3. セグメント業績

    3. CAXY baRia

  19. Slide 19: インターネットサービス

    TYI-—KYEKB-ERZLTIAXAYVE R @ ENGsk, CAXY hAIOSMITOUE CHHALET.

  20. Slide 20: インターネットサービス: Q1/26 ハイライト

    TYVI-AYRV—-ERZCETAYVE : Q1/26 RANTSTh B RAHEPhSAERIORATEBRY, Kobo. ViberSOIY TY YSRN EMTS LIMA B RALOBWVLSE LOMA BR b I 4 UAOBBES YAMUNA Non-GAAP Be Alat” 212t6R +65.6% AUSF RIRALE Fe DIN" 3,176¢R +4.0% BOSE IRALE Pe as G 8 @ FD. YVaveyT: KIFNIDEDDETSIVI-AYA F-EALTXY AME, FENN 176A CT. Te. kD NIVEIt

  21. Slide 21: インターネットサービス: Q1/26 主要KPI

    TYI—4Y KY-EAZCTIAYVk : Q1/26 =BKPI EIAEC mime hONILSS RRS 1.535 +16.4:, +4.8% AOS BUSEIRALE SATHRIRR ill alll ecererecy +17.8% 4.596%. 61965 +6.9% +13.0% BIRR ‘BUSEIRBLE ENENOKPIE LT. HINECHHEIS1. 596A Cals elRAlt 4.8%. KINIVIE16.4%18. RASREHRCMMCT. TYI-FYaTtIvapPald, 5oL WWetn'4.59fs FIL CH7AKRLTIV

  22. Slide 22: 国内EC

    HIAEC : FESRORRCMRRACUAZZOME BB AP CVA2ZOBACRMECRACHRAMICNA, MRBRSRRRACOAAORAMBIC FY AME B BERLORR, RRRACUAAOMAMIMCEYESRSV—-VIUMLERAS mee? (+) Febies?? (+9) Non-GAAPSs2#iae??"* (+-f8F9) Marev22 3 +4, +4.0% +29.2% (iemercys2 14.8% AUSERUBLE Peach Ta 1385.6 1430.7 1499.0 236.8 246.2 . 30.9 Qv24 Qv25 Q

  23. Slide 23: トラベル: 好調な成長

    hONILDBR : BA - JO—/ULRIBRICR RRS HG B TUNIYERRISSISRESR. BABACIEMIbICS RRA @ 264A 5Rakuten AlAhF LRRD SPHE TEV hh bOTAEIC bSAD RRR eer Rakuten AIN@#BEEHIT L SAULT s KT IVR 5S FHET AE DSEOP CRT DAC +16.4% Lalalained 70-10) +69.7% Cob aGiL cad BARE +8.1% FRA QiV/25 Q1/26 23 R KINIVIFHO THU, RMRBISRIE

  24. Slide 24: 広告

    BRRACUAZA : PRNGIRANEERR B 4yb2-N-BRUls, MEL PMBLRFSMSMG. VIZIVSYavIOFILOA—-Y—-BSieal B MRBRTS. MU BUIHY 1-LORVSRMGICLSe SSSHEOMIERIEL. SRFIEN Non-GAAP#4iRas (+-f8F)) av24 aves av26 (BS : 2025 RAMS bE Y 72) © Mee (Q2) © WURIBK (Q4) EIN Ci @ H+—ERRT (Q3) Wye © HIUT ¥—ERRT (a4) RAY EENICMHS RURIR (03)

  25. Slide 25: インターネットサービス: 海外・その他

    TYI-FYVATIVEBI™ : RESKS @ Rewardslé, Q1/25 CSR BMaA eat l LeR CHF AME. VIKINGS BAICHA LIB @ Rakuten FranceNY—7 vy KIL 1 ABRICDUWT26ERE TIC FHM ISG SCF S26H4ACRE (QITHEREO MIAO Sith. BWR EN3Z7EA ORF HAH) PLM (EGKEID) Non-GAAPSt3efllit* (BX KIL) Meu Meu i t-7y37-2 +6.9% Mt-7yav-2 +8605K EW tort Des zo

  26. Slide 26: Rakuten Rewards等

    BSB TEMS" : AUER CIHR. SAECO LIC AR B LSSRORRBSAFN SME. RAPBICSTSRPP LEO RORAbASH AM +13.0% CHER) Be +5.6% HSS aR Q1/24 Q1/25 Q1/26 MBRIAYE (1 YI-RY AUER AVF IT SNA) CHLANSSIAETLOSHM (MMUNTISE) © +2: RPPRTOE—Y SII hI7—L. O2/SRARBIC THOR. R 26 © ASSREASCHUTWES. BIWFEHOTL SERA C. BUTERA IS%IS CMRUL TE

  27. Slide 27: Rakuten Pay / RPP

    AlZ75R LERPP"BimiBILORMAR © 25%7A44) [RAS] ORPPRS ARBRE SIRSA. ASNACSEMOIICBSART © BANB 2HRISC. BENI4-VUAZRMLICSSBAGHOGMSALISE55A, SHORPPRSERASIBA BENI4-VyAzBk RPP#HOMmEGMS BRORIOT-ILAIN SA CROs (CBee +1 3.8% wate? MOSS REIL RPPAIASMOS HOM ICSS All &SRPP RORPPREIMA Basic RPP AURAL BADR - . BENI4-Vyv

  28. Slide 28: Rakuten Pay / RPP詳細

    AIRICSIFSRAOLSSRO MY B SAIDICMAS< REN CRBNGRAT—9ZADERSS B AHICSUWTHHBEOMESRRINSO CSG <. GLABWI-FF 14 VORERRIC SS HEALE RAS 7—-InH I RAE l vat FHRIDIC RY) SE (I77h) BA SMAET LAYAFAKcsSs | RALEO FIERA re hehe 2 Samat Seen INWIPAWT F-9I 7 - nea ARCO RAE te L'S> sehr Ati 2H - MSH Cookies FT #3 —-E ZED =

  29. Slide 29: フィンテック

    (7 JAYVFYICTIAXVk

  30. Slide 30: フィンテック: Q1/26 ハイライト

    FHYFIYICTIXVE : Q1U/26 RANT ST B S0-C2ZOMSSRLADARL. RAM - RAN—KEDDCABGM MB AAZRIAYhO—IWSSl| See L. RAMS - RAMTSE POC LBA Non-GAAP Fe DINa BRAY 2,753m 585m +23.1% +33.8% BUSFIRALE BUSFIIRALE *QU2641), —BOAIRROM RMSE TRICRRG SE SICRE, QU2SLD LT XY bSMIC DUCES RIB. © DAYVTFVYVICIXVAHIE, FEEN23.1%1EN2,7

  31. Slide 31: フィンテック: Q1/26 主要KPI

    FtYVFIYICTAYE : Q1U/26 SBKPI RRN-E RAMT RRMT YayvevIRBs SCOR" sae"? 6.8% 1,8075 12.9% +8.5% +7.3% +12.9% BISA CUES lad CUES iad RRS RAGS RASS #8088" NISAD Ex? URE 1,387n5%@% 7535 50.3%q +12.4% +18.3% +39.7% BUSEERALG ARAL BIER aE 13: VAX PNISAEIRS "1 URMMRMDUIST 2: Bea EEKPICUT, BAA-KOVaV EVI RRS lt

  32. Slide 32: 楽天カード

    RRA—E : MiRBMACIAZAKIY bO—)) CHS Mis = wiz LISS B SREBOUMA - SHGOORICE RURROA. UES - PAL URE RESRICAR LIQINIC RE B SBBAIISMECMLTISEOD, TOHOIAbIY KO—ILH LAME Yayvey TBS (Ik) weLingt (HER) Non-GAAP#3¢#i" (+4F) +8.5% +18.4% +15.7% Eso ad mi wise RL Qiv/24 Qv25 Q1v/26 Qv24 Qv/25 Qv/26 Qv24 av25 Q1v/26 R

  33. Slide 33: 楽天銀行

    RANI AXAY b : WHA L BASINS it eS BEES bh S -PROMAIC A RAN UE LIRA RIC FE LITREOI - MRI IZbIY KO IAL. EEA FeLintt” (+18) Non-GAAPSe#lli”? (+18) +12.0% +14.4% aim Liniiaeed Qv24 aves Qv/26 Qv24 aves Qv/26 MRR XY MERE, MALS RSOSM, 12: OVZEEY, BOAO RMA ES BRCM 55 (CB, OV/IELGORMICD CM RIE ERIE. R 33 @NK

  34. Slide 34: 楽天証券

    RMT (BE) : RANTS b" (BARB. SARRERET) B Si LAR COMSRROBRCRR SSSARERAOMMNSAMMAOUGACSS B RROKRRICATLMEBROURAS. OR eR L EL CE O4M\—2 CHAR es EM bt atihng Brass ROE® (2026%3A 3H. ita) (20263 HA. sta) (2026435 AGS ma. 348) (202643583, i818) 2.555 ee | 1,030e | 10.7. 21.7. +38.4% BERLE +44.1% SieF MALE +O.

  35. Slide 35: 楽天証券: 預かり資産

    RAUF > FAGHRE A al SAMS AEA B PERROMARUERCHRIC EVM, OMA —2 TERRORISM Mi 23SFOFICRRHE Le APRSNNS| FANE S MMA Lie CC. TRICE ETUC < LIRICA ge0ee" (75) Seas (HEA - BASS) | SFR (HEA - BSE) +12.4% +43.7% +92.5% eS) lad HRM HR 243A 253A 26%3A QVv24 aves Qv26e Q1/24 Qv/25 Q1/26 “1 RMRMDUIST 2: RNS ORF ALES)

  36. Slide 36: 保険

    (RRB : FAR MGORRAMAD EA LRMHEOMES = S| © ERRRICOUTIS, WH: 4y bh - MEOSF y AAS SMEG. HMMM LisKcCHsS B KSRRSNFO—BtOCARGORMRP ARG MAOMASLICA VARS. [RABDRRR) SORARG OMAK KIER S FL (+18) Non-GAAP#se#lzt’ (++f8F9) 22.7 20.8 20.6 24 1.7 QVv24 av25 Qv/26 Q1/24 Qv/25 QV/26 BRAERRR BRAS BRAERRR BRAM CV26EY, —

  37. Slide 37: フィンテック: その他

    TAYTY TBROBBICOWT B 26410AMARESBEL, 4 Fy THRICE BARBIE ERLOERY TY -MRERAS BR: OMRRNOS LFESTLARMSRAO BOA OMI kS1—4¥—=—ZOBE OREM MEET UPC SMEORUAKONE ERLINEEBYIY— EOHYID— ns | 2 | AMMO RAE BE | | page 7021-28 ff An x £20 bg lia x @ BetsAasx TAMU pe] (ARPU) [fle = ra BERGRT C RRN— EDA © MzonaNeeso THB

  38. Slide 38: フィンテックまとめ

    ADURECT. @ C50. BRTI-TFRtSOKRARICKU. RVR BR F-EREY-LLAIMFASESICLTIUFSZ CERT WET. @ AAPBRISAZET—-—YVOGNM, eKYC, YDHSEBRHR AAMERBTOVAZIBUTF—-IOD—TWEBIEDSHN, VY FU—lSFERICARBWCBATWET,

  39. Slide 39: モバイル

    (7 ENTILVETXYVE

  40. Slide 40: モバイル: Q1/26 ハイライト

    ENTIDETXYE : Q1/26 RINT ST bk B RRENA CRAY Y 74 HIM CRAKE Non-GAAP BR Flst" EBITDA”? 1,312¢R “3806 106 +18.5% 133 6RHe 76enKe RISER RISER BUSA “ £1), BOAO RRA EE HRI YAO, ENAILI XY POEBITDAIRER: @ RRICENTILCTXYE CGS. C6586 IRC. TLINmlt 18.5%18 01,3128. Non-GAAP 4a $1332 AWS Ll. VIF AZ80ALCRVUELE. @

  41. Slide 41: モバイル: Q1/26 主要KPI

    ENTIVETAY bk : Q1/26 SEKPI 22HbRR" HE@MNORHR2 ARPU*® R 7 t (2026438) (Q1/26) (Q1V/26) aKuten Mobile » 1,0365 1.57% 2,834 +17450% Q1/25 : 1.56% +65 mee BLE Deo mee K-b+—BS Rolcuten (202635) (202638) Symphony » 70n< 21 +7mz Dees R ; ; ; - : : 40 @ FEKPICUT, RATINA ILISa EFA 174 7 DRO 1,036A DR CT. MHN

  42. Slide 42: Rakuten Mobile

    |p Rakuten Mobile

  43. Slide 43: 楽天モバイル: 業績

    REINA IL? : ERASE BE GRMOMZEMOMNICE SRNTMBOMNT RIC, FLEA BSR, DERE UOREEL TEM - MERCH FeLIRe" (+18) Non-GAAPEise#lla "?? (+18) +23.9% avs a2/25 03/25 aa/25 a6 see ~ = v 101.8 108.0 95.2 . +127 8m av/25 Q2/25 Q3/25 Q4/25 Q1/26 DFR INNO: MWNOY-EZIEE MIFI1 RE REOHE NC EEO MEE REBER Non-GAAP MBER Wi 28B

  44. Slide 44: 楽天モバイル: Q1/26 EBITDA

    . 42H * yy 1 RRENT IL" Q1/26 EBITDA“ RUPMCF* B BEBERE< EBITDAIHFRM C66CRAREL. C6RAORF. —AT. HEN SHE. TORSRHSBE RASZBNCULAY—TF1 VIRMOMIRASRMEPO KH, MAEM Cit —HSHICISLY B MSA MiSAA ee < PMCFIS, CHES CHEF) BBEREHER<EBITDA BPMCF (JLY—-7F 497%" Ya70-) sunniinnininiinnninin HERE RIR< EBITDA +6618 BOSAL PM

  45. Slide 45: 楽天モバイル: 契約数

    MNOUE2. : RISER LES sie M B2CIlS UY THAMES ICS SFRAPAARRAAZORBLERBL. Of PIMEORSICRUMOPTE, FRM e LS Mies SR 8 BHOCHAISHIERY 1 —LISICH UME LESOO, MNOS RISD SERICDMTTB2BO NAFSA VRE ane > a manicnne (Fai) PiUBey 393 405 “O + 1 5 e Ox 2 > BSE IIRALL Qv/25 Q2/25 Q3/25 4/25 Q1/26 R @ MISS. PEO 183254, 000H

  46. Slide 46: MNO解約率

    MNORI : PARMA OM antsy B Q1/26ORBRRNRSHFRMID TOC LRLEGOO, 4AICSWTSRE © 25F11AORHSHRAY LORIN SLHSREMAOBA PARAL ILOGIENRWL. BARBED BWI—-Y-(LSRHSME. MNOSABHBICOUTEE SESRESAAG Oo RARE ($2) ARB" anynceemne BWA Te 4A MNOS = 1.99% SOS MEMS AFR Tees Boe °———__176% 1.79% 34bps ue mee O_o 1.45% MNO, 1.56% 1.5

  47. Slide 47: 楽天モバイル利用状況

    RVIRALCULTHE BALTNSHiEV-ER BREN) es 23.7-, (n=6,241, 542%) 0% 10% 20% 30% RACN TIARA. RVRATRACOMAT hy Tc WEAALTWNS WV -C AOR BRU) i 76.4, (nse 2al, BREN Iidn=3,585. 48) 0% 20% 40% 60% 80% 100% Sm: MMOD (2026H2RINEY—CAORURARNICHS SME] MAM: 20264 271E1~2ASC. HM: 1H ~6UMOREAC.000A R 46 @ OL. 1-7-0 -A71

  48. Slide 48: MNO ARPU

    MNO ARPU": 47) 3 ViRsaae CARPURL 2 BS B ATYAYARPUY EOMARPUISS| SSSI HM Q4/25OB2BMiSHEI KSRWSS y TAORIEC. SO+MROBZCHIBILAIC FY) NERA T LCBO. F—IARPUIEFI=AIVICRY FrFRVIYT 2,827 2,861 2,873 2,860 2,834 (A) Ree 8 Ce) 736 736 7a mm le Ps TAyAFh? 773 1781 1756 722 eaaar Bayvay a.a-2 a7-9 Qv/25 2/25 Q3/25

  49. Slide 49: モバイル: 費用

    Ri >: SHRRIC FUSER BER ee M QICISRA 2628REtl. KERN SSREREBEL, BRE ROTSESMREBES © HAAR OMMRU MRSC OMB sth R eH RRENTIWOZY hI — TBR | Q2vORMRBROMNBICAITT | HAA Raia & a) MLENRteHE + BRUSHED - BSCS - ESO MLBe, Ste SssRo a (VU PILIT OBR) (CLS ERGL. WAOAFTEERA av25 Q2/25 Q3/25 Q4/25 Qv/26 R 48 e —AC, BiH

  50. Slide 50: Rakuten Symphony

    (7 Rakuten Symphony

  51. Slide 51: Rakuten Symphony: 業績

    RAY YI4—— : REO -EANREBICY 7b @ 263A lc AMIR Open RAN/RAN Intelligent ControllerO@ARHE7OY r7 he L TRAERBICE URI B LYI-FI1AZIF9 KRUOSSBROMAS ENE UTRRYY 74 =— + De NY S26H3A CHM FL 131.4 Bee BNRBOVT KULPRU eet, COMP OPLyyYatrI P-ERZNBEBICU Tb BERICT SES Rita be aes (BAKED) 90.7 RANE moss BIS9K B4yv9-—

  52. Slide 52: WEEEEWCBWET.

    © MACTCRWET. MOAMSISMBICOUT, CHAT WEEEEWCBWET.

  53. Slide 53: Q1/26 営業利益

    Q1/26 iii VU iH TONon-GAAPHRAMMRU IFRS BRAM O AMS HEC (TT HP FEE 4A220 (cB Lie (HRP) 36.3 KEIGEKAS EAD 0. QBWSSH24EAeao 1.0 -16.9 18.6 Non-GAAP ‘RAH «= RTC RAE IFRS BBR HARCLS BS RAPE ines FRE MAAS tg Rae aA me eats el) Sa = ERE aA bidod fa Oa CORE R ES. PIU FHOSBSSVVU-Cs. Non-GAAP se Fmlct363 (RA t

  54. Slide 54: 見通し・財務

    FA @ SSE TOMBS - WERE BS B FSMSRIC5 SHANA EBITDABERUERECASLSORRERIC, SHROMBHGLE FNFARRRONRE HS Fatt RELEMBBHOURCEVCHART IC SS RRL BUILD y bO MRS RSs BY PSS iss Bit “D7 BRO RRA eld wen ° SUSIE IZ hee nem ° SUFAROME ERROB + RABE 7D a —OIy KON + ERR bI4 UA ORBOREL BE 1. FRMSRAAUT AR /FERMBREBITDA” : 20

  55. Slide 55: 2027年度 EBITDA見通し

    Tras RAAT Ah /3aets EBITDA” © 20278 TICHFEMSROMANT AR /JSS EBITDA" SUNSETS M 2026$ARICSUTS6SERE BIT. Q1U/26RGRAa CSS. 6f5 C MARIC HES FRR Saran” i — ee: mayan” BBR EBITDA® 2412A 259125 263A 26712 oe (Bm) VUFRSREN—2_°2: ARATRVANTAM GHARVYAS+J- 2AM) -FAMTERNAS (HRMIRORSRUTAGSMG+ LWA + RIMHAS) —AARTMMA

  56. Slide 56: ファイナンス

    DRI FvAAH B KEIBKASEA (715,0005K FIL) (t2026 4A 220OME TRIED SRA B RGOUMREICAI Ts. SREFAEMASGDU, ASEREKMNNORMICIY KO—-IW © 20267 OEIC OWTISSRRSEY CAH O 2027FURO REAR + 20214 R CHT LICK KIL RAAS RATIO * SieFREDEL. TOAFy heMaeNsS (2026445228) (c Sai shEa HERES MHC IY KOT at * SHOLI PRO (H650EF) COUTEE

  57. Slide 57: 社債・CDS動向

    HUMBNSYARIECHISY—7y KE 8 BREAK OIERYU MANY —Ty KICeRIN, BHICMTSILY y bse RBIS BE 202455 FT KIBO AZT Ly RISE RL RAT YF yIZCHRLTE USHYT YF YIZDAT LY Kew 5SECDSIS- I-17 ME KOU IMB ay 7 500 RIT MRY 397 — : ey ener oO Susan 248510 25945 25%10A 2645 244A 245710 25945 2510 2645 — SH 20245 RT FLIER RR USHYT

  58. Slide 58: @ Bik CAICSIS, BRTIL-—-FOF-TA&F-IAT4

    @ Bik CAICSIS, BRTIL-—-FOF-TA&F-IAT4 TF-ODF41Y-VYrP{Cs. BAL MEE DAUR, BRE ERLIT oh Yk, CLUTLIVAFLEACOAL-Vx Yh RR OEWICDUVT CHIT AU TUE ESET,

  59. Slide 59: 楽天エコシステムの成長

    RALIVZAT LOFANSCRABIE = Ines) —F a AYIA YBEEV1000HNED ADIAVIVERT Yb CY |, V, FMS EBO AYVIFTIYVAUM5S5NS MEBMINKIIAYATL BAD IRENGT-F 4.588508) N5N RUBNET YT h PIF 4IA—F— : SHCBRK-—bhIAUA 7OXLOH-EARA PS, SEROREY) ws @ BAIL. [AINNCAMORMBAZEHS)] CWISEVAYOD FIAICHItcT., AVRUMACWES, KIS, BAbEeNE aa AYITY :

  60. Slide 60: 補足資料

    HeBUKKRODIIA1 Kh —ILDEBRI SC CMTC KWET.

  61. Slide 61: 楽天エコシステム

    RAM BINS : All EU EAH SMEs OLR @ Rakuten Alt’, 7-FREERCULTRROTI 1K ILENE. ABMS yoy Rakuten Alek), 1) LyF-> MEI ZERULL. Ry NBT JORI-ASMB BSOEIVEMTIET © MMSE HE JOAZA—AMBIEKY e tae LAYAFLOMRKCAE Q we —Z7eSMERL BimPv -E2NERS - BESPIVIIA RZeERORL QO xt Peron ee BRN SMBRET HB LEARE ft CISA T SL ras Crate

  62. Slide 62: 楽天エコシステムの価値

    M-KLEV, ENFOLAZLAHENT EFSECLECE aD. MAIL [SRUMWYVIYY!] Clté, RAH! C10 5a CHALWETSENTY MOBEBRCEET DN, [EOE RNISKUA? | CUSMUMICHLT. AINDIXYF—YVa vet SSKIICBQU ELE. ACE, SH. BR, RBC. MUNA ACI-T— CTVIFIVAVIFSCEBOUAREICBUVEST, KYUBXK< NI-F—M, PEBHACH-EACHUACESEBIT RKWET. EULtTm#HIC. [Elite] CF. All, 1-T-

  63. Slide 63: 楽天エコシステムの価値

    RALIVAT ASAI: MEM FORMA Bw MB RALIVATAM. RIV bh. MARA, TOZV-EAN-VIS{t—-Yary Sih CHENG MESA L. ABOAIL—Lxry ha CES BE Sa B RAOAIL—Yry bsLAYVATFLOBRSEEAL, BHOI-Yxry b CSE LISSC SRE MEAIL—J ry bit “} 3 aw = RROAL-Y xy bis HLS SHES F = BROREORE ARMIN ar wets AlBHVIZ SUT. F—TEMT CSE CIS SITU («MRE AMMO TO

  64. Slide 64: 楽天エコシステムの成長

    RRA SORE : AIL-YVuivy hick YRB--AZeW53< ie B SPHbBI—Yry beds, LIYATFLRALHOA-N-L—Y ry brite at Ty Rakuten'A! coelbctestas BRLIAYATF LOE SUSU - PALS ap is BV -CAIMELEAILT—Y ry HERB IATRBC BMS ARIS < Z2-N-L-Yrvk BENCKOD 1 TBREATYTL, ‘S) RK CORRORA, BH KEV MRC RUBE UOT HIZEY, ADB BRE SE REIT 1-f-l-AeERC

  65. Slide 65: (CL, RETR IEOHS IAL. SHOAIZH50S

    (CL, RETR IEOHS IAL. SHOAIZH50S AUSptPI—-Alcwm@ASNSB-OBRRC LHW LTWSET,

  66. Slide 66: Rakuten AI

    Rakuten AIEF IL : BEAROMLOAZA bRiBIEO SI Rakuten Al Rakuten‘Al BET IL RIIL—-LI-7 BahH#CN—ht—Yy FORMU Anthropic. OpenAl, Google, Microsoft#lt Ux FS ARROU—-S—PAI-bhP y FERC BK. AFI -2EEAL, REMI OMBARE TL EME BAMOUM « 7BTFMABBORMM ToITotrars MARNE Ty > SARA KEO FBS a ICBEt (7,00018t5 x—9) A-FYVY-2eBE G

  67. Slide 67: e Salt, SSRICHUTHRICIZLWRORLY, EXT

    e Salt, SSRICHUTHRICIZLWRORLY, EXT Y:- IJATHMEBETIOMRICENLTIAET. CN CEU, Mmteend clic, SRROTL Chee feRLTUVC BATS.

  68. Slide 68: 楽天エコシステム

    AIL—YIVh : LIAVFA—-YVAYOABVEXYVIL B LIYATLA6TCAIL-YrIyY LORMSBRICBE YU —ZBAO Rakuten Rakuten Rakuten = Rakuten AIZ—-Y=IVk (ax) Travel Mobile Link Rakuten Rakuten Rakuten Rakuten 1 1 Card RRS BEAUTY Insight ees Rakuten Rakuten Rakuten’Al for Business ~ 4 GORA y=? HAAOAIL—-Yryb BAHBAO (BEBAPE) AIZ-Yxr

  69. Slide 69: 6] CECT. WECHIL EV I-VYVaAVERDNVET.

    © HKEORGOREIS, [AINNCAMORBAZEY 6] CECT. WECHIL EV I-VYVaAVERDNVET.

  70. Slide 70: Rakuten

    Rakuten

  71. Slide 71: 注意事項

    p AWB ICHOM SNC Y PAE CISA LB RR CORAL OM THU TD RHO TM CRT SEO CREUEEA. BALICK UW, PROM PRC ISAR < RU STAEMHSCEECTRC ED XMOSHS, RRASSHOSRBRE CSRS.

Rakuten Group — Q1 2026 Earnings Presentation on 6ix