February 27, 2024

Notice Regarding Differences in Non-Consolidated Financial Results between FY2022 and FY2023


 Rakuten Group, Inc. (hereafter “the Company”) announces that at a Board of Directors meeting held today, it approved non-consolidated financial results for the fiscal year ended December 31, 2023. Due to the significant differences with the fiscal year ended December 31, 2022, the Company is providing an overview as follows.

1. Non-Consolidated Results for the Fiscal Year ended December 31, 2023
(January 1 – December 31, 2023)

Non-Consolidated Operating Results (J-GAAP)


Net Sales

Operating Income

Net Income

or Loss

Basic Earnings per Share

Fiscal year ended December 31, 2022


Millions of yen


Millions of yen


Millions of yen




Fiscal year ended December 31, 2023










Amount change YoY (B-A)





% change YoY





 2. Reasons for Differences
 In the fiscal year ended December 31, 2023, due to the steady growth of the domestic e-commerce business, revenue amounted to 860,578 million yen (an increase of 14.8% from the previous fiscal year).
 Operating income was 7,489 million yen (a decrease of 58.1% from the previous fiscal year) due to the increase in personnel, outsourcing, and subcontracting expenses as a result of optimization of personnel allocation among group companies, as well as an increase in point expenses in line with the expansion of transaction volume.
 In addition, net income for the current fiscal year was 226,040 million yen (an increase of 313,251 million yen from the previous fiscal year), reflecting the absence of the extraordinary loss on valuation of investment securities booked in FY 2022 resulting from the impairment loss on shares of Lyft, Inc. (U.S.), a company in which we had invested, as well as the extraordinary gain on sales of shares of subsidiaries resulting from the listing of Rakuten Bank, Inc. in FY2023, resulting in the difference between the results of the previous fiscal year and the current fiscal year.

*Please note that the information contained in press releases is current as of the date of release.

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