Rakuten Securities’ nine-month profit nearly doubles as financing income grows

Rakuten Securities reported ¥28.581 billion of parent-attributable net profit for January–September 2026, up 99.1%, in consolidated Japanese-GAAP figures released on 29 October.[1]

Net financing income, after financing costs, increased 51.8% to ¥56.592 billion. Total commissions rose 40.7% to ¥51.358 billion.[1]

The same subtraction gives quarterly special losses of ¥7.218 billion, against ¥288 million a year earlier. The new statement does not break down those charges and is outside independent accountant review.[1][2]

Revenue from balances and transactions

Rakuten’s August presentation explains the business model behind its financing income. It separates revenue that accrues from customer balances, including investment-trust servicing fees and financing income after funding costs, from income generated by transactions, including brokerage commissions and trading gains.[3]

That distinction became more consequential after Rakuten introduced commission-free domestic share trading in October 2023. The presentation attributed the June quarter’s stronger domestic-equity financing revenue to higher margin balances and improved treasury income as interest rates rose.[3]

The figures precede the ownership reorganisation

Rakuten Group’s fintech reorganisation took effect on 1 October, when Rakuten Securities Holdings and Rakuten Card became consolidated subsidiaries of Rakuten Bank. The period reported here ended the previous day. The nine-month figures consequently establish a financial baseline before that structural change, rather than a quarter of results under the new bank-led arrangement.[4]

Rakuten Group’s third-quarter results remain scheduled for 13 November. The parent reports under IFRS, while this subsidiary statement uses Japanese GAAP.[5][1]

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