Rakuten : Announcement of Financial Results of Rakuten Securities, Inc., a Consolidated Subsidiary

Company name Rakuten Group, Inc.

Representative Hiroshi Mikitani

Chairman and CEO (Stock Code: 4755

Tokyo Stock Exchange Prime Market)

Announcement of Financial Results of

Rakuten Securities, Inc., a Consolidated Subsidiary

Rakuten Securities, Inc. (Head Office: Minato-ku, Tokyo. President: Yuji Kusunoki), a consolidated subsidiary of Rakuten Group, Inc., today issued the attached press release relating to its consolidated financial reports (based on J-GAAP) for the three months ended March 31, 2022.

Rakuten Group plans to announce consolidated financial reports for the three months ended March 31, 2022, on May 13, 2022 (Friday).

In addition, Rakuten Group announces financial results based on IFRS. The attached financial results of Rakuten Securities, Inc. are based on J-GAAP, which has different accounting processes for transactions from IFRS.

Financial Reports

For the three months ended March 31, 2022

Rakuten Securities, Inc.

Rakuten Securities, Inc. (Head Office: Minato-ku, Tokyo. President: Yuji Kusunoki) consolidated financial reports for the three months ended March 31, 2022 (J-GAAP).

The financial reports of Rakuten Securities, Inc. are based on "Uniform Accounting Standards for Securities Companies" (set by the Board of Directors of the Japan Securities Dealers Association, November 14, 1974).

Results for the three months ended March 31, 2022 (January 1, 2022 to March 31, 2022)

Consolidated Operating Results*

(Millions of yen)

Operating revenue	Net operating revenue	Operating income	Ordinary income	Net income
Three months ended March 31, 2022	23,312	22,231	3,746	3,432	1,786
Three months ended March 31, 2021	23,634	22,530	5,638	5,972	3,577

*Quarterly financial disclosure is not subject to review by a certified public accountant or an audit firm.

*The amounts presented in this report are rounded down to the nearest million.

(Reference information)

Results for the 12 months ended March 31, 2022 (April 1, 2021 to March 31, 2022)

Consolidated Operating Results

(Millions of yen)

Operating revenue	Net operating revenue	Operating income	Ordinary income	Net income
April 1, 2021 to March 31, 2022	89,253	84,668	13,701	13,857	7,239
April 1, 2020 to March 31, 2021	78,678	75,290	16,840	17,303	9,566

*The amounts presented in this report are rounded down to the nearest million.

(1) Consolidated Balance Sheet

(2) Consolidated Statements of Income