Tokyo-based electronic commerce and internet giant Rakuten Inc. today reported its consolidated financial results for the half-year period ending June 30, 2017, which showed strong and steady growth across key operating metrics compared to 2016.
One of the group’s subsidiaries, Rakuten Securities, is one of the largest Japanese FX brokers, and operates regional businesses including in Hong Kong, following an acquisition of one of FXCM’s prior businesses nearly two years ago.
Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>
For H1 2017, Rakuten Inc. revealed that revenues from continuing operations pointed higher, coming in at ¥440.09 billion ($3.97 billion), a gain of 19.3 percent YoY from ¥ 368.9 billion ($3.32 billion) in the six months ending June 30, 2017. Additionally, Rakuten group yielded an operating income of ¥68.6 billion ($619 million) during the first half of 2017, a gain of 39.2 percent from only ¥49.3 billion ($444 million) the year earlier.
The same narrative was noted across the net income metric, with the group’s profit in H1 2017 coming in at ¥40.2 billion ($363 million) which is up 49.2 percent compared to ¥26.97 billion ($243 million) in H1 2016.
Earlier this month, Finance Magnates reported on Rakuten when the company announced the future launch of Rakuten Data Marketing, a new Tokyo-based company that will offer marketing, data, and mass media services. Company operations will begin in October 2017.