TYO:5838

3 stories mentioning TYO:5838Updated 2d ago

Every FINWIRES story that references TYO:5838, newest first.

Rakuten Bank Q1 Profit Rises 25%

Rakuten Bank (TYO:5838) posted a 25% year-over-year increase in profit attributable to owners of parent for the fiscal first quarter to nearly 21 billion yen from 16.8 billion yen.The bank's profit per share stood at 119.96 yen, compared with 96.35 yen a year earlier, according to a Tokyo Stock Exchange filing on Thursday.Ordinary income rose 36% to 78.4 billion yen for the three months ended June 30 from 57.5 billion yen a year earlier.For the fiscal year ending March 31, 2027, Rakuten Bank expects ordinary income of 343.5 billion yen, profit attributable to owners of parent of 88.1 billion yen and EPS of 505.10 yen.The company does not plan to pay dividends for the current fiscal year, unchanged from the prior year.

TYO:5838

Asia45d ago

Rakuten Bank Discloses Parent Holds 49.27% Stake

Rakuten Bank (TYO:5838) has disclosed its parent company, Rakuten Group, holds 49.27% of its voting rights, with executive chairman Hiroshi Mikitani concurrently serving as a director at both entities.The internet bank operates within the Rakuten Ecosystem's FinTech segment, leveraging the group's 100 million-plus customer base for customer acquisition while maintaining a distinct market focus on Japan and Taiwan, according to a Tokyo bourse filing on Wednesday.To ensure independence, the bank's board has a majority of outside directors, and a special advisory committee reviews related-party transactions and group personnel matters to protect minority shareholders.Rakuten Group has also entered into a basic management agreement respecting the bank's strategic and personnel independence, with no significant related-party transactions reported for the fiscal year ended March 31.

TYO:5838

Research59d ago

Nomura Downgrades Rakuten Bank to Reduce from Buy; Price Target is 5,500 Yen

Rakuten Bank (TYO:5838) has an average rating of overweight and mean price target of 7,298.57 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:5838

Track with the FINWIRES app suite

FolioX

Track TYO:5838 in your portfolio

WheelAI

Analyze TYO:5838 options with the wheel strategy

StockInsider

See market sentiment on TYO:5838