Rakuten Group, Inc. (OTCPK:RKUNY) Q3 2024 Earnings Conference Call November 13, 2024 1:45 AM ET
Company Participants
Hiroshi Mikitani – Chairman, President and Chief Executive Officer
Kenji Hirose – Chief Financial Officer
Ting Cai – Group Senior Managing Executive Officer, Chief Data Officer, Group Senior Managing Executive
Conference Call Participants
Unidentified Company Representative
Good afternoon, and thank you for joining Rakuten’s 2024 Third Quarter Financial Results meeting. We have disclosed the latest consolidated financial report at 3:30 p.m. today. You can view this data on our corporate website page for investors, along with the presentation documents used in this meeting. If your audio or video is interrupted, you can use another streaming server from the bottom below the video.
Mr. Mikitani will begin the presentation.
Hiroshi Mikitani
Good afternoon, everyone. So let me begin this presentation, Rakuten Group 2024 third quarter consolidated financial result announcement.
So this is the agenda for today. We are going to explain the overall group strategy and the third quarter highlights and segment-based result and CFO, Kenji Hirose, will explain. And Chief AI Officer, Ting Cai, will also make the presentation.
And first, about the group strategy. So this time, we will talk about the current status, but we also would like to talk about the future strategy just a little bit. So what you are very much concerned about, the Rakuten Mobile situation. Right now, the total number of mobile subscribers is 8.12 million lines. So it’s growing steadily. And MNO, capital investment, after we have had the full-fledged investment, we have for the first time, a quarterly profit. For non-GAAP operating income, up JPY12.3 billion in profit and IFRS operating income, JPY538 million in profit and also achieved a quarterly self-funding.
Let me explain what this is. Rakuten Group companies, there are multiple businesses in
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