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TYO:4755

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Asia

KDDI, NTT Docomo, SoftBank, Rakuten Mobile Sign MOU on Use of 5G Millimeter-Wave Infrastructure for Coverage Boost

KDDI (TYO:9433), Nippon Telegraph and Telephone's (TYO:9432) NTT Docomo, SoftBank (TYO:9434) and Rakuten Group's (TYO:4755) Rakuten Mobile entered into a memorandum of understanding for a joint study on the use of 5G millimeter-wave infrastructure and technical architectures for wider coverage, according to a Wednesday release.The study will look into the possible expansion of usage coverage of 5G millimeter-wave base stations among mobile network operators and assess efficient operational frameworks for implementation.The study will address bottlenecks such as vulnerability of signals to attenuation by physical obstacles and the need for a large number of base stations and related equipment to expand coverage.Shares of Rakuten Group and SoftBank fell more than 2% and 1%, while those of KDDI rose 1%, in recent trade.

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Asia

Market Chatter: Rakuten Partners with Helsing to Supply AI Drones to Japan's Military

Rakuten Group (TYO:4755) will work with German AI defense firm Helsing to introduce autonomous attack drones to Japan's Self-Defense Forces, Nikkei Asia reported on Monday.Rakuten will serve as Helsing's local liaison, helping pitch proposals and coordinate ground tests with the military, the news daily said.The collaboration may also extend to joint production in Japan and broader product promotion to secure additional contracts, the publication said.Rakuten and Helsing did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4755
Rakuten Posts First Quarterly Profit in Six Years as Revenue Jumps 12%
US Markets

Rakuten Posts First Quarterly Profit in Six Years as Revenue Jumps 12%

Rakuten Group (TYO:4755) posted a second-quarter attributable net income of 7.71 billion yen, marking the company's first quarterly profit since the second quarter of 2020, the Japanese tech conglomerate reported Monday.The latest figure compared with an attributable net loss of 51 billion yen a year earlier. Earnings per share stood at 3.44 yen, versus a loss per share of 23.58 yen a year prior.Revenue in the quarter ended June 30 jumped 11.6% year over year to 665.5 billion yen, boosted by revenue growth across all three segments: internet services, fintech and mobile.In the fintech segment, Rakuten Bank (TYO:5838) reached 18.5 million accounts, up 8.1%, while total deposits reached 13.3 trillion yen, up 13.9%.In the internet services segment, sales were up at home and overseas, while AI-powered search and targeted banner advertising on Rakuten Ichiba and Rakuten Travel also boosted revenue at the company's advertising unit.Rakuten's mobile segment saw revenue grow 8.3% to 121.4 billion yen as mobile subscriptions rose 1.78 million to 10.8 million as of the end of June.For the first half, Rakuten booked an attributable loss of 10.9 billion yen, significantly down from 124.4 billion yen a year earlier. Loss per share also shrank to 5.05 yen from 57.65 yen.Revenue in the six-month period rose 12.9% year over year to 1.309 trillion yen.For the full year, Rakuten expects to book "high single-digit growth in consolidated revenue" and "to achieve profitability again," the company said without disclosing actual figures.

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Asia

Rakuten Group's H1 Attributable Loss Shrinks; Revenue Up

Rakuten Group's (TYO:4755) attributable loss for the six months ended June 30 narrowed to 10.9 billion yen from 124.4 billion yen a year ago, a Monday filing on the Tokyo bourse said.Loss per share of the financial technology company shrank to 5.05 yen from 57.65 yen a year earlier.Revenue for the half year increased 12.9% year on year to 1.309 trillion yen from 1.159 trillion yen.For the full year ending Dec. 31, the company targets high-single-digit revenue growth from a year ago and a return to profitability on a non-GAAP operating income basis.

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Asia

Market Chatter: Japan To Award 150 Billion Yen to Rakuten-Led Satellite Network Project

Tokyo is set to grant a Rakuten Group-led (TYO:4755) consortium 150 billion yen over three years to build a domestic low-Earth orbit satellite communications system, Nikkei Asia reported on Tuesday, citing unnamed sources.The internal affairs ministry is expected to formalize the decision shortly. Rakuten will collaborate with U.S.-based AST SpaceMobile to deploy a direct-to-handset satellite network across Japan, the publication said.Rakuten didn't immediately respond to MT Newswire's request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4755
Asia

Market Chatter: Rakuten Teams with AST SpaceMobile in Satellite JV to Take on Rivals Using SpaceX

Rakuten Group (TYO:4755) is forming a roughly equal satellite joint venture with AST SpaceMobile this year, with Rakuten leading management, Nikkei Asia reported Wednesday, citing CEO Hiroshi Mikitani in a recent interview.The new venture will directly compete with Japan's three major carriers that rely on SpaceX technology, the news daily said.Mikitani told Nikkei that the investment would not be substantial and would not strain finances, although he did not disclose the amount.The satellite-to-smartphone service will launch in phases from late this year, reaching nationwide coverage in fiscal 2027, with potential global expansion through the new entity, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4755
Asia

LG Uplus Signs Cooperation Agreement with Japanese Firms to Advance 6G, AI Collaboration

LG Uplus (KRX:032640) signed the Tokyo Accord with carriers such as NTT Docomo, KDDI, Rakuten (TYO:4755), and SoftBank (TYO:9434) at a Tokyo summit, the South Korean mobile network operator said in a Friday release.The cooperation agreement will establish a broader cooperation framework that will cover standardization and future business models that bring together 6G and AI, the release said.Shares of LG Uplus and SoftBank rose nearly 3% and 1% at market close, while those of Rakuten Group declined about 1%.

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