Strengthening profitability through the two pillars of lending interest income and fee income

「資金運用収益が、運用資産の増加、及び日銀による政策金利の引き上げに伴う運用利回りの上昇等により、前第１四半期連結累計期間比19,482百万円増の63,095百万円となりました。役務取引等収益は、口座数の増加、及び生活口座化の進展による受入為替手数料、口座振替手数料、カード関連受取手数料等の増加により、前第１四半期連結累計期間比1,553百万円増の13,521百万円となりました。」

「Funds investment income increased by ¥69,459 million from the previous consolidated fiscal year to ¥197,643 million, owing to growth in investment assets and higher investment yields accompanying the Bank of Japan's policy rate increase. Fees and commissions from services and other activities increased by ¥3,110 million to ¥49,455 million, owing to increases in foreign exchange fees received, account transfer fees and card-related fees received as the number of accounts increased and accounts were increasingly converted into customers' primary daily-use accounts.」

「A breakdown of ordinary income shows that funds investment income increased by ¥34,788 million from the previous interim consolidated accounting period to ¥90,186 million, owing to growth in investment assets and higher investment yields accompanying the Bank of Japan's policy rate increase. Fees and commissions from services and other activities increased by ¥896 million to ¥23,891 million, owing to increases in foreign exchange-related fees, account transfer fees and other fees as the number of accounts increased and accounts were increasingly converted into customers' primary daily-use accounts.」

「Consolidated ordinary income for the current consolidated fiscal year increased by ¥43,666 million from the previous consolidated fiscal year to ¥128,184 million, as funds investment income rose owing to growth in investment assets and higher investment yields accompanying the Bank of Japan's policy rate increase. Fees and commissions from services and other activities increased by ¥3,496 million to ¥46,345 million, owing to increases in foreign exchange-related fees, account transfer fees and card-related fees received as the number of accounts increased and accounts were increasingly converted into customers' primary daily-use accounts.」

「Funds investment income increased by ¥15,765 million from the previous interim consolidated accounting period to ¥55,397 million, owing to growth in investment assets and higher investment yields accompanying the Bank of Japan's policy rate increase. Fees and commissions from services and other activities increased by ¥1,854 million to ¥22,994 million, owing to increases in card-related fees received, account transfer fees and foreign exchange-related fees as the number of accounts increased and accounts were increasingly converted into customers' primary daily-use accounts.」

「To achieve this targeted business expansion, we will promote initiatives built around three integrated pillars: expanding the customer base, strengthening earnings power (expanding both lending interest income and fee income), and capturing growth in the FinTech field.」

「For the nine months ended the third quarter of the current consolidated fiscal year, funds investment income increased by ¥10,581 million year on year to ¥61,497 million, owing to increases in the balance of trust beneficiary rights backed by credit card receivables and other assets of Rakuten Card Co., Ltd., and in outstanding investment condominium loans, partnership loans and other loans. Fees and commissions from services and other activities increased by ¥906 million year on year to ¥31,898 million, owing to an increase in the number of accounts and higher foreign exchange-related fees as accounts were increasingly converted into customers' primary daily-use accounts.」

「For the six months ended the second quarter of the current consolidated fiscal year, ordinary income included funds investment income of ¥39.632 billion, owing to increases in the balance of trust beneficiary rights backed by credit card receivables and other assets of Rakuten Card Co., Ltd., as well as increases in outstanding investment condominium loans, partnership loans and other loans. Fees and commissions from services and other activities amounted to ¥21.140 billion, owing to increases in foreign exchange-related fees and other fees as growth in the number of accounts contributed to the conversion of accounts into customers' primary daily-use accounts.」

「Funds investment income amounted to ¥19.258 billion, owing to an increase in the balance of trust beneficiary rights backed by credit card receivables and other assets of Rakuten Card Co., Ltd., as well as increases in outstanding investment condominium loans, partnership loans and other loans. Fees and commissions from services and other activities amounted to ¥10.834 billion, owing to increases in foreign exchange-related fees and other fees as growth in the number of accounts contributed to the conversion of accounts into customers' primary daily-use accounts.」

「"Strengthening earnings power (expanding both lending interest income and fee income)"」