Rakuten Earnings: Raise Fair Value Estimate by 27% on Accelerating Fintech Synergies; Shares Undervalued
Rakuten's June-quarter revenue grew 11.6% year over year, and operating income more than doubled, excluding a JPY 17 billion impairment, driven by financial technology growth and narrower noncore losses in internet services. Rakuten now also targets positive aftertax income for 2026.