Rakuten Group's share price showed pronounced volatility from the end of September into early October, with recent movements reflecting progress in the fintech reorganization, partnership news and earnings and business-performance trends.
Rakuten's closing share price fell from ¥680.2 on 25 September to ¥662.1 on 2 October, after briefly recovering to ¥690.4 on 30 September. The past 5 trading days have continued to see wide swings in both directions.
From a business-strategy perspective, Rakuten disclosed on 1 October that the fintech business reorganization had taken effect and that corporate income tax expense had been recognized. It was also reported to expect reorganization-related costs to be recorded in its full-year outlook.
Regarding analyst activity, a major US securities firm rated Rakuten Group Neutral, set a target price of ¥775 and reportedly revised down its ordinary-profit forecast for the fiscal year ending December 2026 on the same day.
In products and technology, Rakuten and Mizuho were reportedly planning to issue a new corporate credit card from October.
In terms of earnings and business performance, revenue for the interim period of the fiscal year ending December 2026 was ¥1.3091 trillion and IFRS operating profit was ¥50.4 billion, marking a return to profitability. However, the interim loss attributable to owners of the parent was ¥10.9 billion, while the mobile segment remained in the red.
In terms of market sentiment and industry trends, the mobile business is said to be at a critical stage as it seeks to stand on its own. Reduced leasing of KDDI lines and delays in base-station construction have been raised as concerns, with improvement in mobile profitability the focus.