Rakuten Bank, Ltd.

5838

JP3967220009

Banks

Market Closed - Japan Exchange Other stock markets 07:00:00 17/06/2024 BST			5-day change	1st Jan Change
2,706 ^JPY	-0.70%		-5.58%	+28.12%

05-28	Rakuten Bank to Seek Shareholders' Approval for Stock Right Remuneration for Directors	MT
05-13	Rakuten Bank, Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025	CI

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

August 08, 2023 at 07:30 am

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 134,849 million, ordinary profit of JPY 44,563 million and profit attributable to owners of parent of JPY 31,549 million or JPY 181.79 per share.

Latest news about Rakuten Bank, Ltd.

Rakuten Bank to Seek Shareholders' Approval for Stock Right Remuneration for Directors	05-28	MT
Rakuten Bank, Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025	05-13	CI
East Japan Railway to Launch Online Banking Service	04-11	MT
Rakuten Group Consolidating Financial Units in Reorganization Exercise	04-03	MT
Rakuten Group aims to integrate bank, fintech units	04-01	RE
Rakuten Group Plans to Merge Financial Businesses	04-01	DJ
Rakuten Group announces plan to integrate bank, fintech units	04-01	RE
Rakuten Bank Shares Rise Sharply After News of Potential Restructuring	04-01	DJ
Rakuten Bank’s Attributable Profit Jumps 23% in Fiscal Nine Months	02-13	MT
Rakuten Bank, Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024	02-13	CI
Rakuten Bank, Ltd.(TSE:5838) added to FTSE All-World Index	12-18	CI
Rakuten Group Retains Control over Rakuten Bank Amid Secondary Offering, Boosts Equity by 60 Billion Yen	12-11	MT
Rakuten Prices Sale of Rakuten Bank Shares	12-07	MT
Japan's Nikkei tracks Wall Street lower; US jobs in focus	12-07	RE
Rakuten Group prices Rakuten Bank shares at 2,470 yen in $412 mln offshore sale	12-07	RE
Japan's Rakuten to raise up to $433 million with further sale of bank unit	12-06	RE
Beleaguered Rakuten to raises more funds with sale of 15% of bank unit	12-06	RE
Japanese tech lobby warns against EU cybersecurity labelling scheme	12-05	RE
Analysis-Rakuten's mobile misadventure: from ambitious plan to millstone	11-29	RE
Rakuten Group's losses, debt burden and financing efforts	11-29	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	11-08	MT
Tokyo equity offerings surge as Japan Inc begins to shift towards capital efficiency	29/09/23	RE
Rakuten Bank, Ltd.(TSE:5838) added to S&P Global BMI Index	18/09/23	CI
Rakuten CEO touts Viber's ability to counter Russian 'fake news' during Kyiv visit	09/09/23	RE
Japan's Nikkei touches 2-week top on Wall Street boost	29/08/23	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

05/08/2024 - Q1 2024 Earnings Release (Projected)

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Ratings for Rakuten Bank, Ltd.

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Investor Rating

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2,725 JPY

Average target price

3,416 JPY

Spread / Average Target

+25.37%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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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