July 30, 2024
Company name

Rakuten Group, Inc.

Representative

Hiroshi Mikitani
Chairman and CEO(Stock Code: 4755, TSE Prime)

Announcement of Financial Results ofRakuten Securities, Inc., a Consolidated Subsidiary
Rakuten Securities, Inc. (Head Office: Minato-ku, Tokyo. President: Yuji Kusunoki), a consolidated
subsidiary of Rakuten Group, Inc. (hereinafter “Rakuten Group”), announces its interim consolidated
financial reports (based on J-GAAP) for the six months ended June 30, 2024.
Rakuten Group plans to announce interim consolidated financial reports for the six months ended June30, 2024, on August 9, 2024 (Friday). In addition, Rakuten Group announces financial results based onIFRS while the attached financial results of Rakuten Securities, Inc. are based on J-GAAP, which may
recognize some transactions differently from IFRS.

1July 30, 2024

Interim Financial Reports
For the six months ended June 30, 2024
Rakuten Securities, Inc.

Rakuten Securities, Inc. (Head Office: Minato-ku, Tokyo. President: Yuji Kusunoki) announces its
interim consolidated financial reports for the six months ended June 30, 2024 (J-GAAP).
The 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).
Results for the six months ended June 30, 2024 (January 1, 2024 to June 30, 2024)
Consolidated Operating Results*
Operatingrevenue(Millions of yen, rounded down)
Net operating
revenue

OperatingincomeOrdinary
incomeNet
incomeSix months ended
June 30, 2024

64,19961,40516,022

15,811

10,929Six months ended
June 30, 2023

54,01751,46915,43915,129

10,596*Financial disclosure is not subject to review by a certified public accountant or an audit firm.

(Reference information)
Results for the three months ended June 30, 2024 (April 1, 2024 to June 30, 2024)
Consolidated Operating Results
Operatingrevenue

Net operating
revenue(Millions of yen, rounded down)
Operating
Ordinary
Net
incomeincomeincomeApril 1, 2024 toJune 30, 2024

33,022

31,414

9,029

8,886

6,075

April 1, 2023 toJune 30, 2023

29,38328,070

9,512

9,404

6,746

Rakuten Securities, Inc.

2

(1) Interim Consolidated Balance Sheet(Millions of yen)
As ofDecember 31,2023(Assets)
Current assets
Cash and deposits
Segregated deposits
Trading products
Trading securities and otherDerivatives
Operational investment securities
Trade date accrual
Margin transaction assets
Loans on margin transactions
Cash collateral pledged for securities borrowing on
margin transactions
Loans secured by securities
Cash collateral pledged for securities borrowed
Advances paid
Deposits paid for underwritten offering
Short-term guarantee deposits
Variation margin paid
Short-term loans receivable
Advance payments
Prepaid expenses
Accounts receivable – otherAccrued revenue
Allowance for doubtful accounts
Non-current assets:
Property and equipment
Buildings, netEquipment, net
Leased assets, net
Construction in progress
Intangible assets
Goodwill
Customer-related intangible assets
Software
Software in progress
Leased assets
Investments and other assets
Investment securities
Long-term loans receivable
Guarantee deposits
Long-term prepaid expenses
Deferred tax assets
OtherAllowance for doubtful accounts
Total assets

As ofJune 30,
2024

3,585,917
350,356
2,213,849
45,715890
44,825
7892
832,951
739,933

4,303,146
508,808
2,473,893
51,398
1,249
50,1497
1,356
1,072,354
1,009,854

93,01862,49921,27021,270254
34,50560,825
866
2,352
159
921
7,109
14,031(149)
41,507
1,934
476
1,034
64
359
32,7463,782
240
24,851
3,784
88
6,825
1,111
281
1,075
84
445
5,370
(1,542)
3,627,425

29,12529,125220
41,84388,688
97
2,352
7,719
1,270
7,668
16,503(161)
43,199
1,874
525
1,041
46
260
34,647
3,595
144
26,365
4,498
44
6,677
386
278
1,150
120
1116,158(1,527)
4,346,345

Rakuten Securities, Inc.

3

(Millions of yen)
As ofDecember 31,2023(Liabilities)
Current liabilities
Trading products
Derivatives
Margin transaction liabilities
Borrowings on margin transactions
Cash received for securities lending on margin transactions
Borrowings secured by securities
Cash collateral received for securities lent
Deposits received
Guarantee deposits received
Payables for securities to receive over due for delivery
Variation margin received
Short-term borrowings
Current portion of long-term borrowings
Advances received
Unearned revenueLease liabilities
Accounts payable – otherAccrued expenses
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Provision for sales promotion expenses
Non-current liabilities:
Lease liabilities
Retirement benefit liability
Asset retirement obligations
Provision for directors’ retirement benefits
Reserves under special laws:
Reserve for financial instruments transaction liabilities
Total liabilities(Equity)
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total equity
Total liabilities and equity

As ofJune 30,2024

3,453,598
14,302
14,302
171,671
9,957
161,713733,884
733,884
1,794,055
593,736851－
107,000
18,600
3,438
0
122
27
7,771
6,908
916
136
176
1,775
98
1,300
288
88
11,911
11,911
3,467,285

4,160,928
20,84920,849247,370
101,981
145,389
1,083,827
1,083,827
1,976,314
671,772606
8
125,500
18,600
2,487
－
103
15
7,480
4,616
1,161
10
203
1,966
53
1,366
367
179
11,911
11,911
4,174,805

19,495
16,511
123,503
159,510

19,495
16,511
134,432
170,439

2
628
(0)
629
160,1393,627,425

2
1,092
4
1,099
171,539
4,346,345

Rakuten Securities, Inc.

4

(2) Interim Consolidated Statement of Income(Millions of yen)

Operating revenue
Commission received
Brokerage commission
Commission for underwriting, secondary distribution andsolicitation for selling and others for professional investors
Fees for offering, secondary distribution and solicitation for
selling and others for professional investors
Other commission received
Net trading income
Net losses on operational investment securities
Financial revenue
Other operating revenue
Financial expenses
Net operating revenue
General and administrative expenses:
Trading related expenses
Personnel expenses
Real estate expenses
Office expenses
Depreciation and amortization
Taxes and dues
Amortization of goodwill
Provision of allowance for doubtful accounts
Other
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Extraordinary income
Extraordinary losses
Income before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Net income
Net income attributable to owners of the parent

Six months ended
June 30, 2023
(January 1 –June 30, 2023)
54,01722,31815,534Six months ended
June 30, 2024
(January 1 –June 30, 2024)
64,19920,38911,733

844

138

755

1,414

5,184
11,845(0)
17,6022,250
2,547
51,46936,03018,827
3,808
1,052
6,267
4,884
817
289
(66)
149
15,43910
320
15,129286
186
15,228
4,738
(106)
4,632
10,596
10,596

7,103
14,695(0)25,2773,837
2,794
61,40545,383
26,796
3,730
1,198
7,160
5,165
874
319
5
132
16,02250
261
15,811203
43
15,971
4,651
391
5,042
10,92910,929

Rakuten Securities, Inc.

5

(3) Interim Consolidated Statement of Comprehensive Income(Millions of yen)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted forusing equity method
Total other comprehensive income
Comprehensive incomeComprehensive income attributable to:
Owners of the parent

Six months ended
June 30, 2023
(January 1 –June 30, 2023)
10,596Six months ended
June 30, 2024
(January 1 –June 30, 2024)
10,929

0318
50576
5

21－

346
10,942582
11,511

10,942

11,511

Rakuten Securities, Inc.

6