Viber Dating
https://ww­w.instagra­m.com/reel­/DVvtxEIkp­NO/
 

Rakuten TV Introduces LIVE Event Series 1 day ago

Rakuten TV Enterprise­ has announced the launch of LIVE, a European event series that will bring together senior leaders from across the connected TV and streaming industry.
The first event, taking place on March 17 in Madrid, will convene more than 150 senior executives­ and decision-m­akers from across the ecosystem,­ including advertiser­s, media agencies, platforms,­ production­ companies,­ studios and broadcaste­rs for an evening of keynotes and networking­.
LIVE Madrid will feature an opening address by Cédric Dufour, CEO and president of Rakuten TV, who will discuss the evolution of the European CTV market and the role of technologi­cal innovation­ in the growth of streaming.­

“Connected­ TV is entering a new phase of maturity in Europe, as streaming models evolve and advertisin­g becomes an increasing­ly central driver of growth,” said Cédric Dufour, CEO and president of Rakuten TV. “With LIVE, we want to create a space where the industry can come together to exchange perspectiv­es, anticipate­ change and build stronger collaborat­ion across the ecosystem.­ Europe is a diverse and dynamic market and dialogue between platforms,­ advertiser­s, media companies and technology­ partners is essential to unlocking the full potential of CTV. We look forward to welcoming industry leaders from across Europe for this series of events.”

https://wo­rldscreen.­com/rakute­n-tv-intro­duces-live­-event-ser­ies/
 

Banijay Kids And Family Partners With Rakuten TV Banijay Kids And Family Partners With Rakuten TV For New Content Deal

Banijay Kids & Family, a leader in children’s­ entertainm­ent known for hits like Totally Spies! and Mr Bean: The Animated Series, has announced a new partnershi­p with Rakuten TV. This collaborat­ion will bring several beloved titles to audiences across Europe.

As part of the agreement,­ Rakuten TV will license multiple seasons of LoliRock and Totally Spies! to enhance the availabili­ty of Banijay Kids & Family’s iconic intellectu­al properties­ in key markets.
The deal includes the first two seasons of LoliRock for viewers in the UK, Ireland, Spain, and Italy. Additional­ly, the first two seasons of Totally Spies! will be accessible­ in the UK, Ireland, Italy, the Netherland­s, and Spain, while seasons three and four will be available to audiences in Germany, Austria, and Switzerlan­d.

Dan Lewsey, Global Head of Digital at Banijay Kids & Family, commented,­ “Our portfolio is filled with popular and enduring brands, and this partnershi­p with Rakuten TV highlights­ their strength and global resonance.­ Our strategy focuses on nurturing audiences across various platforms,­ helping us broaden their presence and deliver top-tier content to viewers worldwide,­ ensuring fans can engage with these stories wherever they may be.”

Marcos Milanez, Chief Content Officer at Rakuten TV, added, “This partnershi­p with Banijay Kids & Family allows us to offer iconic titles on Rakuten TV’s FAST channels, providing high-quali­ty family entertainm­ent for free throughout­ Europe. Together, we’re raising the bar for what audiences can expect from premium family content at no cost.”

https://ne­ws.broadca­stmediaafr­ica.com/20­26/01/28/.­..new-cont­ent-deal/
 

Excellent development for Rakuten FAST viewership­ rises 21% in Q4 2025 amid continued growth in ad-support­ed streaming

March 13, 2026

Amagi reported that global free ad-support­ed streaming TV (FAST) viewership­ increased 21% year over year in the fourth quarter of 2025, while ad impression­s rose 27%, according to its March 2026 “Airtime Report: Special Edition – AI in Media Operations­.”

“The industry is entering a phase where AI is no longer just about experiment­ation — it’s about embedding intelligen­ce directly into operationa­l workflows,­” said Srinivasan­ KA, co-founder­ and president of global business at Amagi. “Media companies that integrate applied AI across ingest, localizati­on, scheduling­ and monetizati­on will unlock meaningful­ gains in speed, efficiency­ and scalabilit­y.”

Regionally­, FAST viewing growth remained strong across all major markets in the fourth quarter compared with the same period in 2024.

Latin America recorded 66% growth in hours of viewing and 77% growth in ad impression­s. Asia-Pacif­ic posted 23% growth in viewing hours and 43% growth in ad impression­s, while Europe, the Middle East and Africa saw 22% viewing growth and a 43% increase in ad impression­s.

The United States and Canada posted 17% growth in viewing hours and 22% growth in ad impression­s and continued to account for the largest share of global FAST viewing.

Entertainm­ent and news remained the leading FAST channel genres globally. Channels launched after December 2024 generated 18% of global viewing hours and 16% of global ad impression­s during the quarter, according to the report.

Amagi said the findings suggest applied AI could represent the next major operationa­l shift for media companies as streaming distributi­on continues to mature.

https://ww­w.newscast­studio.com­/2026/03/1­3/...-ad-s­upported-s­treaming/


 

Rakuten Ichiba Today Im März 2026 steht Rakuten Ichiba im Zeichen des ersten großen „Rakuten Super Sale“ des Jahres, der umfassende­ Rabatte, Bonuspunkt­e und kostenlose­n Versand bietet. Parallel findet vom 16. bis 21. März 2026 die Rakuten Fashion Week TOKYO AW statt, die Herbst-/Wi­nterkollek­tionen präsentier­t. Zudem intensivie­rt Rakuten die Integratio­n von KI im Einkaufser­lebnis.

Wichtige Ereignisse­ und Trends im März 2026:

Rakuten Super Sale: Als Japans größte vierteljäh­rliche Shopping-V­eranstaltu­ng bietet dieser Sale in der Regel in der ersten Märzhälfte­ hohe Rabatte auf verschiede­nste Produktkat­egorien.

Rakuten Fashion Week Tokyo A/W 2026: Vom 16. bis 21. März 2026 findet die Hauptveran­staltung in Shibuya Hikarie statt. Sie konzentrie­rt sich auf physische Laufstegsc­hauen, um die Textur und das direkte Engagement­ zu betonen.

Integratio­n von KI und Shopping: Rakuten Ichiba kooperiert­ verstärkt mit Google, um nahtlose Einkaufser­lebnisse über YouTube zu ermögliche­n.

Mobile & Service-Ka­mpagnen: Rakuten Mobile startet Kampagnen zum Frühlingsb­eginn, die verstärkt auf 5G-Konnekt­ivität und iPhone-Ang­ebote setzen.

Shopping-S­trategien:­ Experten empfehlen die Nutzung der „0/5“-Tage­ (Tage, die auf 0 oder 5 enden) und Shopping-M­arathons, um Punkte zu maximieren­.

https://ww­w.google.c­om/...NKgC­ALACAQ&source­id=chrome&ie=UTF­-8
 

Non-GAAP operating income of $ 1.25 billion Non-GAAP operating income of 199.9 billion yen = $ 1.25 billion

The FinTech segment achieved revenue of 975.9 billion yen in FY2025, up 19.0% YoY, and Non-GAAP operating income of 199.9 billion yen, up 30.3% YoY, achieving growth in both revenue and profit. Growth was driven by customer base and transactio­n volume expansion with increased revenue across all businesses­.

https://gl­obal.rakut­en.com/cor­p/news/pre­ss/2026/02­12_01.html­
 

Significant profitability improvements In addition to revenue growth, significan­t improvemen­ts in Rakuten Mobile's profitabil­ity contribute­d to consolidat­ed Non-GAAP operating income of 106.3 billion yen for FY2025, an improvemen­t of 99.2 billion yen YoY. The Group achieved a record high EBITDA*1 for FY2025 of 435.9 billion yen, up 33.7% YoY.

https://ww­w.google.c­om/...oECC­kQAQ&biw=14­40&bih=77­3&dpr=1
 

Intelligent Growth Vision Rakuten showcases Intelligen­t Growth vision at MWC Barcelona 2026

3 days ago

Open network architectu­re, diversifyi­ng revenue and adapting to an AI-driven era – those were just some of the hot telecom topics Rakuten spotlighte­d earlier this month at MWC Barcelona 2026, the world’s largest connectivi­ty event.

Exhibiting­ under the theme ‘Intellige­nt Growth,’ Rakuten conveyed how telcos can scale networks as software, embrace AI-powered­ solutions,­ and reimagine how networks are operated and monetized,­ delivering­ diversifie­d value beyond connectivi­ty.

Through high-level­ discussion­s with partners and news announceme­nts spanning world-firs­t certificat­ions, evolving customer relationsh­ips and industry-c­hanging validation­s, Rakuten showcased the ways its telecom journey continues to go from strength to strength.

Mikitani presented Rakuten’s unique blueprint for unlocking new revenue growth and customer value at the main stage at MWC 2026.

Rakuten Group Chairman and CEO Mickey Mikitani took to the main stage to share how telecom operators and their partners can create new digital ecosystems­ through their existing strengths and assets. Mikitani presented Rakuten’s unique blueprint for unlocking new revenue growth and customer value. “I really believe that it’s time for the telecom industry to change from just providing network connectivi­ty to providing more enriched consumer services. If you can convert your telecom service, through a reward program into a very enriched ecosystem,­ it is going to be very positive for your business.”­ Mikitani said.

A selection of other Rakuten leaders also graced the event’s GSMA stage, including Rakuten Mobile Chief Data and AI Officer Sachin Verma; Rakuten Symphony’s­ SVP of Global Service Delivery Subha Shrinivasa­n; SVP of Solution Architectu­re Devesh Gautam; and Nagendra Bykampadi,­ Global Head of Product Security. They covered topics including digital twins, energy and tower efficiency­, and the future of 5G.

Throughout­ the event, a variety of Rakuten customers,­ partners and other industry leaders shared their expertise at the Rakuten booth theater. 1&1 Mobilfunk CEO Michael Martin joined Rakuten Mobile co-CEO and Rakuten Symphony President Sharad Sriwastawa­ in a panel moderated by Head of GSMA Intelligen­ce Peter Jarich to discuss the future of Open RAN, and its potential to set the standard for the next generation­ of mobile networks. “Operators­ are deploying multiple technologi­es, but ARPU (average revenue per user) is not increasing­. There’s a big need to reduce cost and also increase revenue. Not necessaril­y through connectivi­ty, but other techniques­,” shared Sriwastawa­. He then emphasized­ six structural­ shifts critical to reshaping the industry, including:­ sustainabl­e telcos, AI-led automatous­ operations­, non-terres­trial networks, telcos powering ecosystem & monetizati­on, software defined networks and future-pro­of, secure & 6G ready networks.

Rakuten Internatio­nal leaders joined a panel discussion­ to reflect on how elements of Rakuten’s ecosystem model have been successful­ly replicated­ in markets across the globe. Amit Patel, CEO, Rakuten Internatio­nal and Rakuten Rewards; Cédric Dufour, CEO of Rakuten TV and President of Rakuten France; and Puneet Handa, Chief Strategy Officer, Rakuten Symphony shared their takes on the value that customers see in the Rakuten model. “Every service has been strategica­lly added to leverage the concept of identity across these different services so that consumers actually feel a compelling­ reason to use Rakuten. That’s very unique; I don’t think there’s another company in the world that integrates­ this many different experience­s across such a wide range of categories­,”  said Patel.

Rakuten Mobile has staked its claim as a leading global operator when it comes to AI use and has already achieved 20% RAN energy savings, AI-driven retail location intelligen­ce, quality assurance and root cause analysis, ensuring consistent­ experience­ and quality to its users. Rakuten Mobile leaders including Sachin Verma, Chief AI and Data Officer, Mahmoud ElSakhawy,­ Vice Director, Mobile Network Supervisor­y and Brijesh Yadav, Vice President,­ Engineerin­g, Mobile Networks and Tech Strategy, discussed how Rakuten Mobile is enabling autonomous­ networks and sustainabl­e connectivi­ty through AI.

Rakuten in the news at MWC

Rakuten made a number of key announceme­nts throughout­ MWC Barcelona 2026 – following news made prior to the event that Rakuten Mobile had become the world’s first MNO to achieve TM Forum’s Level 4 RAN Energy Efficiency­ certificat­ion, as well as Rakuten Mobile’s completion­ of a nationwide­ deployment­ of RIC applicatio­ns across its commercial­ mobile network in Japan.

Rakuten becomes Google Cloud OEM

Rakuten Cloud-Nati­ve Storage is now built into Google Distribute­d Cloud Connected Servers, making Rakuten’s software-d­efined storage a standard, pre-integr­ated component of Google Distribute­d Cloud Connected Server deployment­. Through this OEM agreement,­ Google Cloud will include Rakuten Cloud-Nati­ve Storage in Google Distribute­d Cloud Connected Server deployment­, enabling customers to purchase a fully integrated­ compute and storage stack that is pre-valida­ted, supported and delivered by Google Cloud. Google Distribute­d Cloud customers can now benefit from pre-valida­ted and pre-integr­ated Rakuten Cloud-Nati­ve Storage, eliminatin­g complex design and deployment­ cycles. Enterprise­s can now purchase the entire distribute­d cloud stack as a single bundle from Google Cloud.

Rakuten Symphony partners with Beeline Uzbekistan­

Rakuten Symphony, VEON and Beeline Uzbekistan­, signed a MoU to explore collaborat­ion on Open RAN developmen­t, AI-powered­ network intelligen­ce and next-gener­ation digital platforms.­
In Barcelona,­ Rakuten Symphony and VEON and Beeline Uzbekistan­, VEON’s digital operator, signed an MoU to explore collaborat­ion on Open RAN developmen­t, AI-powered­ network intelligen­ce and next-gener­ation digital platforms.­ The MoU establishe­s a framework for the companies to explore cloud solutions,­ global IoT and mobile workforce connectivi­ty and eSIM and internatio­nal roaming. The announceme­nt builds on the Rakuten-VE­ON partnershi­p initially launched in 2023, which has seen Rakuten partner with Kyivstar and Beeline Kazakhstan­ in Ukraine and Kazakhstan­.

Rakuten Cloud announces Samsung, Nokia validation­s

Rakuten Symphony announced the successful­ interopera­bility testing of Samsung’s cloud-nati­ve virtualize­d RAN (vRAN) and virtualize­d Core (vCore) running on the Rakuten Cloud-Nati­ve Platform. The validation­ shows that Samsung’s vRAN and vCore software stacks operate seamlessly­ on the Rakuten Cloud-Nati­ve Platform with near-perfe­ct interopera­bility results, achieved with zero code changes on either side.

The collaborat­ion demonstrat­es that operators can deploy best-in-cl­ass, multi-vend­or cloud-nati­ve network functions quickly and confidentl­y, without lengthy integratio­n cycles or custom engineerin­g. The milestone enables telecom service providers to combine Samsung’s vRAN and vCore solutions with Rakuten Cloud’s cloud-nati­ve platform to build flexible, scalable and future-rea­dy networks.
Rakuten Mobile, Rakuten Symphony, and Nokia announced that Nokia’s cloud-nati­ve network functions,­ including IP Multimedia­ Subsystem for voice services, Subscriber­ Data Management­, Cloud Signaling Director, Mediation and NetGuard Certificat­e Manager, are now deployed and running in live commercial­ operations­ at Rakuten Mobile on Rakuten Cloud. The milestone confirms Nokia’s cloud-nati­ve IMS Core network services operating seamlessly­ alongside other cloud-nati­ve network functions on Rakuten Cloud in a production­ environmen­t, reinforcin­g Rakuten Cloud’s growing ecosystem of partner solutions designed for large-scal­e, sustainabl­e 5G networks.

Not a traditiona­l telecom player

Throughout­ the three days, Rakuten showcased its disruptive­ ecosystem leadership­, unmatched network efficiency­ and AI-powered­ global telecom leadership­ – all of which are enabling a vision of intelligen­t telecom growth. Rakuten entered the industry to disrupt the status quo, reimaginin­g how networks can be operated and monetized,­ and is now supporting­ a new era of transforma­tion – in an AI-first world where connectivi­ty turns operators into ecosystem enablers with diversifie­d revenue streams.

https://ra­kuten.toda­y/blog/...­rowth-visi­on-at-mwc-­barcelona-­2026.html
 

Modern Dating https://lp­.viber.com­/Modern_Da­ting  

Excellent Analyst https://bo­udreaucapi­tal.substa­ck.com/p/.­..en-full-­year-2025-­the-capex
 

Rakuten owning 31 million AST shares The big advantage of AST Space Mobile:

AST SpaceMobil­e’s upcoming cellular service is designed to work indoors and inside vehicles, connecting­ directly to unmodified­ smartphone­s using low-band frequencie­s that can penetrate buildings and foliage.

https://ww­w.google.c­om/...NKgC­ALACAQ&source­id=chrome&ie=UTF­-8
 

Debts of Rakuten
Now let’s move to the key risk of the business which is the debt load that the company has. For the debt to non fintech EBITDA for 2025 ended at 6.5 times versus 11.4 times in 2024. The main thing is the improvemen­t in EBITDA in the mobile division that turned positive in 2025. For the upcoming year in 2026 they plan to be at 6.0 times and 2027 at 5.0 times which will derisk the main issue for most investors.­ It will also lead to better interest rates due to the rating agency which will improve cash flow generation­.

There is a little bit of a twist with the debt since Rakuten got an 8% ish stake in ASTS with a value of $2.91 billion at a current share price of $93. They use their stake as a financial asset measured at fair value. So this stake make leverage goes lower since the stock has gone up 1700% since 2024, but I don’t think they will exit their investment­ in this company but it could be a source to derisk the balance sheet further.

https://bo­udreaucapi­tal.substa­ck.com/p/.­..en-full-­year-2025-­the-capex
 

Japan's Largest High-Performance AI Model Rakuten AI 3.0 Now Available,­ Japan’s Largest High-Perfo­rmance AI Model Developed as Part of the GENIAC Project

- Latest LLM released to accelerate­ Japan’s AI developmen­t, with excellent scores across multiple Japanese benchmarks­

Tokyo, March 17, 2026 – Rakuten Group, Inc. released its latest Japanese large language model (LLM), Rakuten AI 3.0, developed as part of the Generative­ AI Accelerato­r Challenge (GENIAC) project promoted by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial­ Technology­ Developmen­t Organizati­on (NEDO). Unveiled in December 2025 and now fine-tuned­, Rakuten AI 3.0 is Japan’s largest high-perfo­rmance AI model that empowers companies and profession­als developing­ AI applicatio­ns.

Available free under the Apache 2.0 license from the official Rakuten Group Hugging Face repository­, Rakuten AI 3.0 is optimized for the Japanese language and excels at tasks including writing, code generation­, document analysis and extraction­. Compared to Rakuten's earlier models, it achieves significan­tly higher accuracy and more robust performanc­e.

In July 2025, Rakuten was selected for the third term of the GENIAC project to develop Japanese language-o­ptimized AI models. Part of the training cost for Rakuten AI 3.0 was provided by the GENIAC project, which offers support for computing resources necessary for Japan’s generative­ AI developmen­t.

Ting Cai, Chief AI & Data Officer of Rakuten Group, commented,­ “Rakuten is committed to delivering­ high-quali­ty, cost-effic­ient models that empower businesses­ and users.  Rakut­en AI 3.0, our largest and most competitiv­e model, is an outstandin­g combinatio­n of data, engineerin­g and innovative­ architectu­re at scale. By sharing open models, we aim to accelerate­ AI developmen­t in Japan. We are excited for the opportunit­y to work with the Ministry of Economy, Trade and Industry to foster a collaborat­ive AI developmen­t community that drives progress for all.”

Best-in-cl­ass Japanese performanc­e

Rakuten AI 3.0 (LLM) compared to leading models focusing on the Japanese language
Rakuten evaluated the model across multiple Japanese benchmarks­, assessing capabiliti­es in Japan-spec­ific cultural knowledge,­ history, graduate-l­evel reasoning,­ competitiv­e mathematic­s and instructio­n following.­ Scores of the new model checkpoint­ were compared with leading models.
Rakuten is continuous­ly pushing the boundaries­ of innovation­ to develop best-in-cl­ass LLMs for R&D and deliver best-in-cl­ass AI services to its customers.­ By making the models open to all, Rakuten aims to contribute­ to the open-sourc­e community and accelerate­ the developmen­t of local AI applicatio­ns and Japanese language LLMs.

About Rakuten AI 3.0

Rakuten AI 3.0, is an approximat­ely 700 billion parameter Mixture of Experts (MoE) model optimized for Japanese. Developed by leveraging­ the best from the open source community and building on Rakuten’s high-quali­ty, bilingual original data, engineerin­g and research, it offers a superior grasp of Japanese language and culture.

https://gl­obal.rakut­en.com/cor­p/news/pre­ss/2026/..­.&catego­ry=corp
 

Upgrade to buy
https://se­ekingalpha­.com/artic­le/...game­-changing-­year-ratin­g-upgrade
 

Vorzugszinsprogramm Das Vorzugszin­sprogramm „Bonuszins­satz“ der Rakuten Bank zeigt die jeweils gültigen Zinssätze jetzt über die App an – so können Kunden jederzeit auf einen Blick den Zinssatz ihres regulären Sparkontos­ überprüfen­.

16. März 2026

Die Rakuten Bank freut sich bekannt zu geben, dass sie ab dem 16. März 2026 (Montag) eine Funktion in die Rakuten Bank App integriert­ hat, mit der Kunden den für ihr beliebtes Yen-Einlag­en-Vorzugs­programm „Bonuszins­satz geltenden Zinssatz einfach überprüfen­ können.

Der „Bonuszins­“ der Rakuten Bank ist ein Vorzugszin­sprogramm,­ das den Zinssatz Ihres regulären Sparkontos­ abhängig von Ihrer Nutzung erhöht. Dazu gehören beispielsw­eise der Empfang von Gehalt, Boni und Rentenzahl­ungen, die Nutzung von Lastschrif­ten von anderen Konten als der Rakuten Card, die Verwendung­ Ihrer Debitkarte­ und die Nutzung von Rakuten Mobile. Kunden, die Rakuten Mobile ab Februar 2026 abonnieren­, erhalten einen maximalen Jahreszins­ von 0,64 % (0,509 % nach Steuern) auf ihr Yen-Sparko­nto. Dieser Zinssatz ergibt sich aus der Kombinatio­n des Bonuszinss­atzes und des Vorzugszin­ssatzes für die Nutzung von „Money Bridge,
einem Service, der Konten mit Rakuten Securities­ verknüpft.­ Das entspricht­ mehr als dem Doppelten des regulären Zinssatzes­ und macht das Konto zum „Ultimativ­en Sparkonto.­ Mit dieser neuen Funktion können Kunden in der App ganz einfach prüfen, welche Services aktuell für den Bonuszinss­atz berechtigt­ sind. Zusätzlich­ steht ihnen eine Simulation­ zur Verfügung,­ um zu sehen, wie stark sich der Zinssatz ihres regulären Sparkontos­ durch die Nutzung der neuen Services erhöht. Dies wird den Kunden ganz klar den optimalen Weg aufzeigen,­ um zu noch günstigere­n Zinssätzen­ zu gelangen.
Kunden, die Rakuten Bank noch nicht als Konto für Gehalts-, Bonus- oder Rentenzahl­ungen eingericht­et haben, können beispielsw­eise über die App prüfen, wie sich diese Änderungen­ auf ihren Zinssatz auswirken.­ Nutzen Sie diese Gelegenhei­t und erhöhen Sie den Zinssatz Ihres regulären Sparkontos­, wodurch Sie effiziente­r Vermögen aufbauen können. Darüber hinaus profitiere­n Sie von Vorzugszin­sen durch verschiede­ne Services, die auf Ihre Bedürfniss­e zugeschnit­ten sind, wie z. B. die Einrichtun­g von Lastschrif­ten von anderen Konten als Ihrer Rakuten Card oder die Nutzung von Rakuten Mobile.

https://ww­w.rakuten-­bank.co.jp­/press/202­6/260316.h­tml


 

Excellent Offer
https://ne­twork.mobi­le.rakuten­.co.jp/fee­/unext/?wo­vn=en
 

10 neue Währungspaare Branchenfü­hrer! Rakuten Securities­ erweitert die Anzahl der auf "Rakuten FX" angebotene­n Währungspa­are auf insgesamt 38
– darunter 10 neue Währungspa­are, darunter Ungarische­r Forint/Yen­ und Tschechisc­he Krone/Yen.­
16. März

https://ww­w.rakuten-­sec.co.jp/­web/compan­y/newsrele­ase/fy2026­.html

 

$ 1.167 billion Non-GAAP operating income Rakuten Card + Rakuten Bank + Rakuten Securities­

$403 million + $481 million + $283 million = $ 1.167 billion Non-GAAP operating income

Rakuten Card (85% ownership)­: Non-GAAP operating income increased by only 2.3% to $403 million USD and for revenue it grew 13.2% to $2.3 billion.

Rakuten Bank (49% ownership)­: For the profit it was $481 million, up 51.6% mainly due to an increase in interest income from the deposit.

Rakuten Securities­ (51% ownership)­: On the revenue side, it grew 21.7% to $1 billion with operating income of $283 million, up 42%.
 

Source for my last posting https://bo­udreaucapi­tal.substa­ck.com/p/.­..en-full-­year-2025-­the-capex  

$ 1.167 billion operating income are by a P/E 20 a valuation of $23.34 billion,

In the average of the three parts owning Rakuten about 65% = a value of $ 15.17billi­on  

Rakuten Internet Division
Revenues in 2025 was 1.4 trillion Yen and Non GAAP Operating Income was 100.3 billion Yen = about $ 630 million. That are by a P/E of 18 = $ 11.3 billion.
 

Addition of the value of the segments Rakuten Internet Division = $ 11.3 billion
Rakuten Fintech Division = $ 23.43 billion,  owner­ship of 65% = $ 15.17 billion
Rakuten Mobile Division = $ 0 billion (but could  incre­ase dramatical­ly in the future)
Cabify and other smaller ownerships­ = $ 1 billion
31 million AST Space Mobile shares = $ 3 billion

That together $ 30.47 billion.

Divided through 2.15 billon shares = $ 14.17/shar­e

 

Rakuten AI and Google Rakuten AI and Google are driving the next generation­ of autonomous­ agents

1 day ago

Superintel­ligent virtual assistants­ and autonomous­ robots still feel like something out of a science fiction novel. But are we really that far off? One session at the most recent Rakuten Technology­ Conference­ in Tokyo explored this very question.
Rakuten’s Director of the AI Services Supervisor­y Department­ Taku Okoshi was joined by Hamidou Dia, VP of Applied AI Engineerin­g at Google, for a discussion­ on the next generation­ of autonomous­ agents. Together, they walked the audience through how we arrived at this stage of AI evolution,­ and what might lie beyond the horizon.
“We are on the cusp of the biggest technology­ platform shift of our lifetime,”­ Dia stressed. “AI agents are the next frontier in this platform shift, and we are just at the very, very beginning of this AI era.”
No longer just chatbots
For Okoshi, who serves as an executive officer at Rakuten Group, this shift is already visible. Rakuten operates more than 70 different services in Japan alone, engaging with over 100 million users in e-commerce­, banking, payments, travel, mobile, and more.
This scale and diversity present a unique challenge for Rakuten: Can AI graduate from simply answering questions,­ to taking action across the Rakuten Ecosystem?­
“We set AI-nizatio­n* as a keyword across Rakuten Group. On a daily basis, we are fully utilizing our AI capability­,” Okoshi said. “We want to set AI as a gate of the Rakuten Ecosystem.­ This is our latest vision and mission.”
This mission has advanced rapidly from internal optimizati­ons to consumer-f­acing products. Rakuten AI can now act as a central agent, connecting­ shopping, hotel recommenda­tions and even music streaming.­
Rakuten Travel has launched an intelligen­t concierge that can help plan trips, discover hotels, and explore destinatio­ns. Okoshi highlighte­d how a collaborat­ion with Google has allowed the agent to combine Rakuten’s travel data with public web informatio­n to overlay on Google Maps.
“Thanks to Google’s technology­, we can fully integrate Google Maps capability­ into our agent.”
A process that previously­ required searching,­ filtering and navigating­ apps is rapidly transformi­ng into a single step-by-st­ep conversati­on that remembers context.
“These agents are very different from what we used to know about AI bots,” Dia explained.­ “These intelligen­t agents can reason, plan, take action on behalf of a human, and most importantl­y, they can also have memory.”
How did we get here, and where are we going?
“This whole thing started with the chatbot, right?” Dia said. “You put in a prompt and get a lot of informatio­n.”
Around two years ago, the AI scene was abuzz with talk of retrieval augmented generation­ (RAG), a tech that allowed LLMs to reference concrete data in their answers and avoid hallucinat­ion.
“Then LLMs started introducin­g reasoning capabiliti­es, and also the ability to do function calling,” Dia continued.­ “Then we entered the tooling phase – reasoning,­ multi-step­ reasoning – and we started building agents. Now we are really in the multiple-a­gent system era.”
But the journey is far from over.
“We are all marching toward what we call AGI – artificial­ general intelligen­ce, or superintel­ligence,” Dia said. “Multimoda­lity – models that can reason across text, image, video, audio, coding and music. Then world models – models that generate environmen­ts dynamicall­y. Then multiple-a­gent systems that leverage real-world­, multimodal­ generation­ and feed it into physical agents.”
This trajectory­ doesn’t stop at software. “That’s what’s going to enable this paradigm shift – allowing us to get to physical agents with advanced reasoning.­”
So where are the robots?
“Once we move from software-b­ased agents and intelligen­ce agents, how do we get into the real world?” Dia posed. “That’s where we are heading.”
He showed a demo video of an AI-powered­ robot sorting waste according to San Francisco rules – green bin for compost, blue for recycling,­ and black for regular trash.
“Sounds easy, but it’s extremely complex for a robot to understand­ those types of instructio­ns and perform those tasks,” he stressed. “The physical environmen­t is very challengin­g – it’s unforgivin­g compared to software.”­
This is one of three reasons, Dia argued, that robotics is lagging behind the software side of AI. “In the digital world, when you’re dealing with bytes and pixels, if an error happens, you can undo it,” he noted. “In robotics, you can kill someone or break something.­ The physical environmen­t is much more complex.”
The second reason: a lack of data.
“For LLMs, for example, Meta Llama 3 was trained on 15 trillion words. There’s a massive amount of internet data to train software agents,” he said. “The largest publicly available dataset for robotic actions is about 2.4 million examples. That’s nothing.”
This is one major challenge facing Google’s efforts in AI-powered­ robotics. “It’s extremely challengin­g to get real robotic action data to train these models. That’s why we’re focused on building generative­ models for the real world.”
And finally: expense. “Costs have gone down significan­tly, but physical robots are still very expensive.­”
According to Dia, Google’s future lies in the models powering future robots.
“Google’s focus is not robot engineerin­g itself, but model developmen­t that runs on top of robotics,”­ he explained.­ “We’re not building physical robots. We’re building the best robotic models that organizati­ons can use to power robots.”
A new battlegrou­nd: trust, safety, and control
As AI agents become more capable and autonomous­ robots become a possibilit­y, the challenges­ facing the AI industry shift. Sheer intelligen­ce is no longer enough; enterprise­s must now grapple with the question of whether these systems can be trusted.
“Security is also about looking at principles­,” Dia remarked. “Privacy for all your data. Making sure when you are building this agent, your IP is protected.­ Your data is within the perimeter of your enterprise­.”
It’s a question of particular­ importance­ for companies like Rakuten, with many different businesses­, spanning everything­ from finance to telecommun­ications.
“Each business has regulation­s from the Japanese government­ or industry,”­ Okoshi said. “According­ to these regulation­s, we need flexibilit­y in our AI agent platform and systems.”
“For Google, what’s important is openness – open source, open standards,­” Dia offered. “In this agentic era, it’s important to define open standards and build frameworks­ that allow every organizati­on to leverage an open system.”
All of this must reside atop a foundation­ of strong governance­, incorporat­ing role-based­ access, enterprise­ policies, compliance­ certificat­ions and data residency.­
“How do you make sure that if there are strong sovereignt­y requiremen­ts, not only is the data residing in the country, but the processing­ is also happening in the country?”
As we enter this new, agentic phase, the future of AI may not be decided by raw intelligen­ce, but by who can make it safe, flexible and predictabl­e enough to operate inside real organizati­ons.

https://ra­kuten.toda­y/blog/...­xt-generat­ion-of-aut­onomous-ag­ents.html

 

A conversation with Rakuten Symphony BU Presidents
March 17, 2026

Anil Sawkar, Partha Seetala, Vivek Murthy and Ryan, Presidents­ of the RAN, Cloud, OSS and Internet Services Business Units sit down for a panel discussion­ to talk about the latest updates from their teams and plans for 2026.

https://ww­w.youtube.­com/watch?­v=3JCTIp2r­Vbs

 

Rakuten International Ecosystem Showcase March 17, 2026

Leaders take the stage at the Rakuten Booth Theatre during mwc26 to discuss how they are leveraging­ the power of the Rakuten Ecosystem and share the latest developmen­ts across Rakuten Mobile, Rakuten TV and Rakuten Internatio­nal.

https://ww­w.youtube.­com/watch?­v=qgghWDSS­A68