Rakuten Group Inc S/Adr (RKUNY) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.377 Hello everyone. Thank you very much for taking the time out of your busy schedules to 00:00:04.377 -- 00:00:08.983 join us today. I will be explaining the results of Rakten Group for the third quarter 00:00:08.983 -- 00:00:14.190 of 2025. Here is today's agenda. First, I will explain 00:00:14.190 -- 00:00:19.457 the business performance. Then, our CFO, Hirose, will explain the financial 00:00:19.457 -- 00:00:24.523 results, followed by our Chief AI and Data Officer, Ting, who will provide an 00:00:24.523 -- 00:00:27.436 update regarding our AI initiatives. 00:00:27.436 -- 00:00:31.739 To begin, I will report on our consolidated results. 00:00:31.739 -- 00:00:36.925 Consolidated revenue for the third quarter of 2025 increased 10.9% 00:00:36.925 -- 00:00:40.427 year-on-year to 628.6 00:00:40.430 -- 00:00:45.836 billion yen. With solid performance in core businesses across segments, we achieved 00:00:45.836 -- 00:00:49.080 double-digit revenue growth in all segments. 00:00:49.080 -- 00:00:53.446 The internet services segment rose 11.1% year-on-year, 00:00:53.446 -- 00:00:56.189 the fintech segment 20.3%, 00:00:56.189 -- 00:00:59.245 and the mobile segment 12%. 00:00:59.245 -- 00:01:04.553 Consolidated non-GAAP operating income was 38.6 billion yen, up 212.8% 00:01:04.553 -- 00:01:06.553 year-on-year. 00:01:07.557 -- 00:01:12.264 In internet services, there was a rush of demand before the rule changes for hometown 00:01:12.264 -- 00:01:17.332 tax donations were implemented in October, but even excluding the profit increase 00:01:17.332 -- 00:01:21.520 attributable to this surge, we achieved steady growth. 00:01:21.520 -- 00:01:26.646 For this fiscal year, as with last year, we aim to achieve full-year profitability 00:01:26.646 -- 00:0...