Rakuten Securities, Inc., a consolidated subsidiary of Rakuten, Inc. (President: Yuji Kusunoki. Head Office: Shinagawa-ku, Tokyo), today issued the attached press release relating to its consolidated financial reports (based on J-GAAP) for the Fiscal Year ended March 31, 2013.
Rakuten Group plans to announce consolidated financial reports for the three months ended March 31, 2013 on May 9 (Thursday). From the current fiscal year 2013, Rakuten Group is announcing quarterly financial results based on IFRS.
The attached financial results of Rakuten Securities, Inc. are based on J-GAAP, which has different accounting processes for transactions from IFRS. The main difference will be profit on sale of securities included as part of extraordinary profits of 2,440 million yen in the fourth quarter of the fiscal year of Rakuten Securities, Inc. ending March 31, 2013 (January to March 2013) which will not have any impact on the Profit and Loss Account of the Rakuten Group’s first quarter ending March 31, 2013. We only expect it to have an impact on the Balance Sheet.