Results of Operations (Quarterly)

IFRS Operating Income and IFRS Operating Income Margin

■ ■ IFRS Operating Income    ━ IFRS Operating Income Margin

Non-GAAP Operating Income and Non-GAAP Operating Income Margin

■ ■ Non-GAAP Operating Income    ━ Non-GAAP Operating Income Margin

• The figures above are calculated by rounding off those calculated in units of 1 yen.
• The Rakuten Group has adopted IFRS 17 from the beginning of the three months ended March 31, 2023, and reflected the cumulative effect of this accounting standard change on the date of initial transition of January 1, 2022. As a result, figures for the fiscal year ended December 31, 2022 reflect the retrospective application of IFRS 17