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    4755   JP3967200001

RAKUTEN GROUP, INC.

(4755)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 09/17
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Rakuten : Announcement of Financial Results of Rakuten Securities, Inc., a Consolidated Subsidiary

07/27/2021 | 03:10am EDT

July 27, 2021

Company name Rakuten Group, Inc. Representative Hiroshi Mikitani Chairman and CEO

(Stock Code: 4755

Tokyo Stock Exchange First Section)

Announcement of Financial Results of

Rakuten Securities, Inc., a Consolidated Subsidiary

Rakuten Securities, Inc. (Head Office: Minato-ku, Tokyo. President: Yuji Kusunoki), a consolidated subsidiary of Rakuten Group, Inc., today issued the attached press release relating to its consolidated financial reports (based on J-GAAP) for the six months ended June 30, 2021.

Rakuten Group plans to announce consolidated financial reports for the six months ended June 30, 2021, on August 11, 2021 (Wednesday).

In addition, Rakuten Group announces 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.

July 27, 2021

Financial Reports

For the six months ended June 30, 2021

Rakuten Securities, Inc.

Rakuten Securities, Inc. (Head Office: Minato-ku, Tokyo. President: Yuji Kusunoki) consolidated financial reports for the six months ended June 30, 2021 (J-GAAP).

The consolidated quarterly financial reports of Rakuten Securities, Inc. are based on "Uniform Accounting Standards for Securities Companies" (set by the Board of Directors of the Japan Securities Dealers Association, November 14, 1974). Commodity futures transactions are based on "Uniform Accounting Standards for Commodity Futures Transactions" (set by the Board of Directors of the Commodity Futures Association of Japan, March 3, 1993).

Results for the six months ended June 30, 2021 (January 1, 2021 to June 30, 2021)

Consolidated Operating Results*

(Millions of yen, rounded down)

Operating

Net operating

Operating

Ordinary

Net

revenue

revenue

income

income

income

Six months ended

44,159

41,881

8,447

9,036

5,248

June 30, 2021

Six months ended

34,211

33,096

7,202

7,205

4,813

June 30, 2020

*Quarterly financial disclosure is not subject to quarterly review by a certified public accountant or an audit firm.

(Reference information)

Results for the three months ended June 30, 2021 (April 1, 2021 to June 30, 2021)

Consolidated Operating Results

(Millions of yen, rounded down)

Operating

Net operating

Operating

Ordinary

Net

revenue

revenue

income

income

income

April 1, 2021 to

20,524

19,350

2,809

3,063

1,671

June 30, 2021

April 1, 2020 to

16,949

16,358

3,308

3,320

2,132

June 30, 2020

Rakuten Securities, Inc.

2

(1) Consolidated Balance Sheet

(Millions of yen)

As of

As of

December 31,

June 30,

2020

2021

(Assets)

Current assets

2,400,906

2,707,740

Cash and deposits

200,721

237,372

Cash segregated as deposits

1,563,496

1,661,519

Money held in trust

2,000

2,000

Trading products

32,797

27,049

Trading securities and others

863

936

Derivatives

31,934

26,113

Operating investment securities for sale and others

7

7

Trade date accrual

2,352

643

Margin transaction assets

503,798

659,117

Loans on margin transactions

423,306

596,817

Cash collateral pledged for securities borrowing on

80,491

62,299

margin transactions

Loans secured by securities

18,224

35,933

Cash collateral pledged for securities borrowed

18,224

35,933

Advances paid

279

329

Cash paid for offering

9,144

18,176

Short-term guarantee deposits

49,797

52,054

Variation margin paid

2,807

1,392

Advance payments

5,359

1,253

Prepaid expenses

530

477

Accounts receivable - other

3,271

3,439

Accrued revenues

6,702

7,409

Allowance for doubtful accounts

(384)

(435)

Fixed assets

31,885

33,230

Tangible fixed assets

1,555

1,848

Buildings

335

328

Furniture and fixtures

1,025

1,346

Lease assets

194

172

Intangible fixed assets

26,692

27,094

Goodwill

4,957

4,752

Customer relationships

816

720

Software

19,005

19,219

Software in progress

1,544

2,080

Lease assets

369

322

Investments and other assets

3,637

4,288

Investment securities

669

861

Long-term loans receivable

232

348

Long-term guarantee deposits

1,305

1,429

Long-term prepaid expenses

97

105

Deferred tax assets

376

322

Others

2,722

2,968

Allowance for doubtful accounts

(1,766)

(1,748)

Total assets

2,432,791

2,740,971

Rakuten Securities, Inc.

3

(Millions of yen)

As of

As of

December 31,

June 30,

2020

2021

(Liabilities)

Current liabilities

2,323,443

2,625,077

Trading products

10,719

8,605

Derivatives

10,719

8,605

Margin transaction liabilities

143,955

143,385

Borrowings on margin transactions

17,374

23,686

Cash received for securities lending on margin transitions

126,580

119,698

Loans payable secured by securities

314,589

535,265

Cash received on debt credit transactions of securities

314,589

535,265

Deposits received

1,222,711

1,301,479

Guarantee deposits received

398,487

446,359

Accounts for non-received securities and others

23

Short term loans payable

222,000

179,000

Advances received

1,216

1,398

Accrued revenue

3

Lease obligations

132

142

Accounts payable - other

16

2

Consolidated taxes payable

2,389

2,039

Accrued expenses

5,751

6,083

Income taxes payable

911

712

Provision for employees' bonuses

284

349

Provision for directors' bonuses

30

10

Provision for sales promotion expenses

240

215

Other current liabilities

3

5

Fixed liabilities

1,332

1,416

Lease obligations

463

399

Net defined benefit liability

653

801

Asset retirement obligations

215

216

Statutory reserves

5,356

6,264

Reserve for financial products liabilities

5,356

6,264

Total liabilities

2,330,132

2,632,758

(Net assets)

Shareholders' equity

Capital stock

7,495

7,495

Capital surplus

4,511

4,511

Retained earnings

91,450

96,699

Total shareholders' equity

103,457

108,706

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

2

2

Foreign currency translation adjustment

(745)

(446)

Remeasurements of defined benefit plans

(55)

(49)

Total accumulated other comprehensive income

(798)

(493)

Total net assets

102,658

108,212

Total liabilities and net assets

2,432,791

2,740,971

Rakuten Securities, Inc.

4

(2) Consolidated Statements of Income

(Millions of yen)

Six months ended

Six months ended

June 30, 2020

June 30, 2021

(January 1 -

(January 1 -

June 30, 2020)

June 30, 2021)

Operating revenue Commission received Commission to consignees Commission for underwriting, secondary distribution and solicitation for selling and others for professional Investors Fee for offerings, secondary distribution and solicitation for selling and others for professional investors

34,211

44,159

14,426

19,439

11,677

15,255

14

67

419

793

Other commissions received

2,315

3,323

Net trading income

9,597

9,471

Operating Investment securities for sales and others

(0)

(0)

Financial revenue

8,996

12,655

Other operating revenue

1,190

2,592

Financial expenses

1,115

2,278

Net operating revenue

33,096

41,881

Selling, general, and administrative expenses

25,894

33,433

Trading related expenses

12,773

18,471

Personnel expenses

2,688

3,021

Real estate expenses

906

953

Office expenses

5,098

6,172

Depreciation

3,532

3,870

Taxes and dues

488

502

Goodwill amortization

275

275

Provision for allowance for doubtful accounts

56

95

Others

75

69

Operating income

7,202

8,447

Non-operating income

48

648

Non-operating expenses

44

59

Ordinary income

7,205

9,036

Extraordinary losses

129

949

Income before income taxes and other adjustments

7,076

8,087

Income taxes - current

2,246

2,784

Income taxes - deferred

15

54

Total income taxes

2,262

2,838

Net income

4,813

5,248

Profit (loss) attributable to owners of parent

4,813

5,248

Rakuten Securities, Inc.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Rakuten Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 07:09:04 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 657 B 15 068 M 15 068 M
Net income 2021 -177 533 M -1 614 M -1 614 M
Net cash 2021 466 B 4 237 M 4 237 M
P/E ratio 2021 -9,45x
Yield 2021 0,41%
Capitalization 1 771 B 16 118 M 16 107 M
EV / Sales 2021 0,79x
EV / Sales 2022 0,79x
Nbr of Employees 23 841
Free-Float 57,2%
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Technical analysis trends RAKUTEN GROUP, INC.
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 1 122,00 JPY
Average target price 1 555,43 JPY
Spread / Average Target 38,6%
EPS Revisions
Managers and Directors
Hiroshi Mikitani Chairman, President & Chief Executive Officer
Kenji Hirose Chief Financial Officer & Executive Vice President
Yasufumi Hirai Chief Information & Information Security Officer
Makoto Arima Chief Revenue Officer & Senior Director-Technology
Tareq Amin Chief Technology Officer & Executive VP
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