Rakuten Bank, Ltd.

5838

JP3967220009

Banks

Delayed Japan Exchange Other stock markets 08:00:00 23/05/2024 am IST			5-day change	1st Jan Change
2,739 ^JPY	-0.98%		-7.25%	+29.69%

11/04	East Japan Railway to Launch Online Banking Service	MT
03/04	Rakuten Group Consolidating Financial Units in Reorganization Exercise	MT

Rakuten Bank, Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024

February 13, 2024 at 12:00 pm IST

Rakuten Bank, Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects ordinary income of JPY 136,114 million, ordinary profit of JPY 47,041 million and profit attributable to owners of parent of JPY 33,487 million or JPY 192.95 per share.

Latest news about Rakuten Bank, Ltd.

East Japan Railway to Launch Online Banking Service	11/04	MT
Rakuten Group Consolidating Financial Units in Reorganization Exercise	03/04	MT
Rakuten Group aims to integrate bank, fintech units	01/04	RE
Rakuten Group Plans to Merge Financial Businesses	01/04	DJ
Rakuten Group announces plan to integrate bank, fintech units	01/04	RE
Rakuten Bank Shares Rise Sharply After News of Potential Restructuring	01/04	DJ
Rakuten Bank’s Attributable Profit Jumps 23% in Fiscal Nine Months	13/02	MT
Rakuten Bank, Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024	13/02	CI
Rakuten Bank, Ltd.(TSE:5838) added to FTSE All-World Index	18/12	CI
Rakuten Group Retains Control over Rakuten Bank Amid Secondary Offering, Boosts Equity by 60 Billion Yen	11/12	MT
Rakuten Prices Sale of Rakuten Bank Shares	07/12	MT
Japan's Nikkei tracks Wall Street lower; US jobs in focus	07/12	RE
Rakuten Group prices Rakuten Bank shares at 2,470 yen in $412 mln offshore sale	07/12	RE
Japan's Rakuten to raise up to $433 million with further sale of bank unit	06/12	RE
Beleaguered Rakuten to raises more funds with sale of 15% of bank unit	06/12	RE
Japanese tech lobby warns against EU cybersecurity labelling scheme	05/12	RE
Analysis-Rakuten's mobile misadventure: from ambitious plan to millstone	29/11	RE
Rakuten Group's losses, debt burden and financing efforts	29/11	RE
Rakuten Bank’s Fiscal H1 EPS Jumps to 93.26 Yen as Ordinary Income Rises 12.8% to 65.92 Billion Yen; Keeps Forecast Intact	08/11	MT
Tokyo equity offerings surge as Japan Inc begins to shift towards capital efficiency	29/23/29	RE
Rakuten Bank, Ltd.(TSE:5838) added to S&P Global BMI Index	18/23/18	CI
Rakuten CEO touts Viber's ability to counter Russian 'fake news' during Kyiv visit	09/23/09	RE
Japan's Nikkei touches 2-week top on Wall Street boost	29/23/29	RE
Rakuten shares jump as mobile losses narrow	14/23/14	RE
Japan's struggling Rakuten to combine credit card and mobile payments business	10/23/10	RE

Chart Rakuten Bank, Ltd.

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Company Profile

Rakuten Bank Ltd is a Japan-based bank mainly engaged in the provision of online banking service. The Company is an Internet bank that provides banking services over the Internet without physical branches. The Company utilizes the Internet to provide services to both individual and corporate customers. In the individual business, the Company provides services related to personal life, including receipt of salary and bonuses; account transfers for utility bills such as electricity, gas, and water; cell phone bills; credit card usage fees, and repayment of loans; transfers to make various payments; money transfers; overseas remittances; and asset management. In the corporate business, the Company uses technology to provide banking services, including loans, deposits, and foreign exchange, tailored to customer needs. It also operates businesses related to the trust business and other businesses.

Sector

Banks

Calendar

06/08/2024 - Q1 2024 Earnings Release (Projected)

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Ratings for Rakuten Bank, Ltd.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2,766 JPY

Average target price

3,408 JPY

Spread / Average Target

+23.19%

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Other Banks

Rakuten Bank, Ltd.

Equities

5838

JP3967220009

Banks

Rakuten Bank, Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024

EPS Revisions