Rakuten wesentlich besser als Rocket

Revenue   YoY  Operating   Income   YoY

Card 63.3 +22.0% 9.8 +23.7%

Bank 23.5 +8.7% 6.8 +6.0%

Payment 8.6 +41.3% -2.0 -0.76

Life Insurance 9.0 +17.0% 1.4 +68.0%

General Insurance* 13.9 -8.4% -0.0 -0.07

Others 3.9 + 6.97 -0.6 -0.70

FinTech Total excl. Securities 122.2 +22.9% 15.4 +9.2%

Securities 17.8 +22.7% 4.4 +39.2%

FinTech Total 140.0 +22.9% 19.8 +14.7%

global.rakuten.com/corp/investors/documents/results/
("Presentation Materials“)
 

sind bei einem Yen = 0,0094 US-Dollar immerhin 186 Millionen US-Dollar bzw. aufs Jahr hochgerechnet = 744 Millionen US-Dollar.  

"Revenue was, for Q1 2020, ¥331.4 billion, up 18.2% year-on-year. Non-GAAP operating income was minus ¥18.1 billion, I’m sorry. If you look under that, the mobile logistics and other investment business, if you look at the non-GAAP operating income, against ¥16.1 billion in Q1 2019, it was ¥24.3 billion in Q1 2020. "

https://seekingalpha.com/article/...s-earnings-call-transcript?page=5
 

 

das Gelbe vom Ei.

Japan's Rakuten 5G launch delayed due to coronavirus
May 15, 2020
By Sam Nussey

TOKYO (Reuters) - Japan's Rakuten Inc said on Friday the launch of its 5G services planned for June has been delayed by three months due to disruption caused by the coronavirus outbreak.

Software testing by Rakuten's Indian vendors has been impacted by a lockdown in place there since March 25, a spokeswoman said.  

http://business-newsupdate.com/...unch-of-new-communications-platform

Ganz ohne Risiko sind die Investitionen in diese neue Plattform m.E. nicht - dies erhöht Chancen, aber auch Risiken.  

in einer deutscher Sprache:

https://www.it-times.de/news/...-mobilfunknetzaufbau-in-japan-135365/

 

Rakuten Mobile launches assault on global telecom market

Not satisfied with disrupting Japan, Tareq Amin, the rock-star-cum-revolutionary of the telecom sector, has now embarked on a world tour.

Hired by Japanese e-commerce giant Rakuten to build the country's just-launched fourth mobile network, Amin had briefed Light Reading on his global ambitions back in March. Today they crystallized with news that Rakuten Mobile, the telco arm of the business, will start selling the cloud platform it has built in Japan to service providers in other countries. "We have enough evidence now that going to global markets with our platform is an amazing opportunity to create a new market segment for telco cloud," said Amin, Rakuten Mobile's chief technology officer, during a briefing earlier today.

https://www.lightreading.com/asia/...ket/d/d-id/759596?_mc=RSS_LR_EDT  

RakutenCard Results

Revenue +22.0% YoY (from 51583 million JPY in Q1/19 to 63251 million JPY in Q1/20) and Operating Income +23.7% YoY (from 7926 million JPY in Q1/19 to 9808 million JPY in Q1/20) from growth in shopping transactions and revolving balances

global.rakuten.com/corp/investors/documents/results/
("Presentation Materials“)

Die 9808 Millionen Yen Gewinn in Q1/20 sind bei einem Yen = 0,0094 US-Dollar immerhin 92 Millionen US-Dollar bzw. aufs Jahr hochgerechnet = 364 Millionen US-Dollar
 

 
Würden die 744 Millionen Fintech-Gewinn auch nur mit einem KGV von 20 bewertet, ergäbe sich eine Bewertung von 14,88 Milliarden - das ist mehr als die gesamte Marktkapitalisierung von Rakuten. Und die anderen Bereiche von Rakuten gäbe es umsonst.

Bei einem KGV von 25 wäre man mit 18,6 Milliarden schon fast beim doppelten Wert der gesamten Marktkapitalisierung von Rakuten.  

Der auf Aktienboards heißt diskutierte deutsche Fintech Hypoport weist z.B. im ersten Quartal 2020 einen Gewinn von 8 Millionen aus.

https://www.hypoport.de/hypoport/uploads/2020/04/...ht_Q1_2020_DE.pdf

Rakutens 186 Millionen im Fintech-Bereich sind gegenüber diesen 8 Millionen von Hypoport 23,25 mal so groß. Und dabei ist Fintech nur einer der Bereiche von Rakuten  

Nimmt man die 2,17 Milliarden Marktkapitalisierung von Hypoport als Maßstab

https://www.ariva.de/hypoport-aktie

müsste bei einem 23,25 mal so hohen Fintech-Gewinn allein der Fintech-Bereich von Rakuten eine Marktkapitalisierung von 50,5 Milliarden haben - ca. das Fünffache der momentanen Bewertung des Gesamtunternehmen. Und die  anderen Unternehmensteile gäbe es gratis dazu.  

Depreciation cost, etc. increased as base station build-out accelerated

Dabei stiegen die Verluste von 6684 Millionen JPY auf 31828 Millionen JPY an. Und dieser Betrag wrid sich dieses Jahr pro Quartal eher erhöhen, da auf der Einnahmeseite durch das Freijahr für die ersten drei Millionen Vertragsunterzeichner nur wenig dazu kommt.

global.rakuten.com/corp/investors/documents/results/
("Presentation Materials“)


31828 Millionen JPY sind bei 1 JPY = 0,0094 US-Dollar = ca. 300 Millionen Dollar, sodass sich im Mobile-Bereich in 2020 ein Verlust von 1,2 Milliarden US-Dollar anhäufen dürfte. Wenn der Beteiligungsbereich, insbesondere Lyft (die aber schon sehr stark abgeschrieben sind), keine Verluste produziert, scheinen die anderen Bereiche das zumindest ausgleichen zu können, denn ich hatte ja schon ausgeführt, dass allein der Fintech-Bereich auf der Basis der Q1/20-Zahlen in ca. 750 Millionen US-Dollar Gewinn machen dürfte (vermutlich aber wesentlich mehr, da die bargeldlose Abwicklung durch Corona massiv angestiegen ist -  gilt übrigens auch für den E-Commerce-Bereich).
 

was enorm wichtig ist, denn das heißt, dass auch die Erlöse fließen werden:

https://www.mobileworldlive.com/featured-content/...customer-numbers/  

The success of the Japanese rollout would silence opponents and undoubtedly spur interest in Rakuten's model. Services on the 4G network were launched as recently as April 8, and CEO Hiroshi Mikitani is unwilling to disclose details of customer takeup so far, insisting that growth is proceeding "in line with expectations." The target is 3 million customers by the end of the year.

More encouragingly, executives insist the network is coping with far higher levels of data traffic than its competitors see. On a per-subscriber basis, "this 30-day old network is consuming 2.5 times more traffic than any other network," said Amin. "This is exactly what we desired." Buildout is also progressing fairly well. Rakuten's earlier plan was to have 3,432 4G basestations deployed by the end of March. It is now at 4,738 and has signed contracts for another 4,555. Reliant on a wholesale deal with rival KDDI in areas where it lacks infrastructure, Rakuten is now targeting 70% population coverage by March next year.

https://www.lightreading.com/asia/...ket/d/d-id/759596?_mc=RSS_LR_EDT
 

Viber Unique IDs increased to 1.169 billion at the end of Q1/20 from 1.095 at the end of Q1/19.

Viber Revenue: Strong growth in both - Telco and content revenue = +28.7% YoY.
Telco revenues are 40% and content revenues are 60%

global.rakuten.com/corp/investors/documents/results/
("Presentation Materials“)
 

https://www.rcrwireless.com/20200514/asia-pacific/...dio-stations-ceo  

Rakuten Global Market shutters as focus shifts to beefing up local offerings
News, 18 May 2020

Rakuten Global Market will be ceasing operations from 1 June 2020, but the end of the cross-border marketplace site will not affect the local sites that the Japanese e-commerce platform operates around the world.

Consumers will still be able to shop from Rakuten through its Japan-based platform Rakuten Ichiba, as well as use its international delivery service Rakuten Global Express, while Rakuten Taiwan, Rakuten US, Rakuten France and Rakuten Germany will remain unaffected.

In a statement to Marketing, a spokesperson from Rakuten said the company has an extensive portfolio of global and local e-commerce and other online services that are constantly adapting and improving to cater to local customer needs and online shopping trends.

"As we move to strengthen our local offerings with our own platforms and flagship store partners in Taiwan, China and other markets, we have also made the decision to discontinue the service previously offered as a global cross-border marketplace site."

https://www.warc.com/newsandopinion/news/...-up-local-offerings/43617
 

Airtel partners with Altiostar for India’s first 4G vRAN rollout

Airtel remains India’s third largest mobile network operator with over 300 million subscribers across the sub-continent and an additional 100 million subscribers in Africa

Bharti Airtel has deployed Altiostar’s open virtual radio access network (vRAN) solution across its networks in India, making it the first Indian operator to deploy vRAN technology.
Airtel will deploy vRAN-based 4G network technology, leveraging Altiostar’s open vRAN solution, across multiple major cities in India. The solution has 5G ready software and would provide seamless evolution to 5G using the same architecture.

https://www.itp.net/news/...ltiostar-for-indias-first-4g-vran-rollout
 

„In a statement to Marketing, a spokesperson from Rakuten said: "Rakuten has an extensive portfolio of global and local eCommerce and other online services that are constantly adapting and improving to cater to our local customer needs and online shopping trends. As we move to strengthen our local offerings with our own platforms and flagship store partners in Taiwan, China and other markets, we have also made the decision to discontinue the service previously offered as a global cross-border marketplace site."

https://www.marketing-interactive.com/...o-strengthen-local-offerings
 

https://www.altiostar.com/is-the-us-behind-in-5g/  

when it comes to performance marketing solutions.

https://blog.rakutenadvertising.com/...ward-top-of-funnel-publishers/
 

Rakuten Ready Launches ARRIVE Mobile App

SAN MATEO, Calif., May 18, 2020 /PRNewswire/ -- Rakuten Ready, the leader in predictive arrival technology, has launched the ARRIVE Mobile App. The new addition to Rakuten Ready's ARRIVE platform empowers merchants that don't have their own mobile app to deliver superior Order for Pickup experiences by increasing order efficiency and improving management of the order for pickup process.

Merchants of all sizes can use the ARRIVE Mobile App to get access to all of the same benefits delivered by Rakuten Ready's ARRIVE predictive arrival platform, including greater visibility over customers in transit and notifications when they arrive. Employees can use this information to organize orders by projected customer arrival time, creating a seamless order process for merchants and consumers. The ARRIVE Mobile App can also facilitate contactless pickups that help employees and customers feel safer in light of COVID-19.

"This pandemic has forced businesses to refine their pickup experiences to make it seamless and safer for both customers and employees," said Jaron Waldman, CEO and co-founder of Rakuten Ready. "The new ARRIVE Mobile App gives businesses without an app of their own the ability to better choreograph orders to provide a faster, more enjoyable pickup experience for their customers."

https://www.finanzen.ch/nachrichten/aktien/...e-mobile-app-1029212044
 

18 May 2020
Rakuten to package up its cloud network as a playbook for other MNOs
By Caroline Gabriel

Japan’s disruptive cloud-native operator, Rakuten Mobile, continues to grab the headlines with a mixture of progress and setbacks in its roadmap to a fully open 5G network, with a radical new business model. Part of that model will be the monetization of the pioneering work it has done in deploying an end-to-end cloud-native cellular network. It aims to package up the blueprint, technology framework and experiences underpinning the Rakuten Communications Platform (RCP), to sell to other operators and to enterprises worldwide. This will result in a blueprint containing all the RCP elements, including telco applications and software, new-look OSS/BSS, and edge computing and virtual network functions. This blueprint will be made available with a tool that enables customers to change…

https://rethinkresearch.biz/articles/...as-a-playbook-for-other-mnos/
 

Cloud-native telco product taking shape for the market
Thursday, 14 May 2020

Rakuten Mobile, characterizes itself as a global communications company and adopter of advanced telco technologies, has announced that it is going to acquire one of its suppliers: Innoeye (Innoeye, LLC and Innoeye Technologies Pvt. Ltd.), an engineering technology solutions company with headquarters based in Virginia, which has already supplied Rakuten Mobile with its converged OSS.

OSS is the end-to-end process automation solution installed to support Rakuten’s network launch in Japan, it is also intended that the OSS technology will become part of Rakuten’s much vaunted ‘Rakuten Communications Platform’. This is essentially a packaging of all the key technologies that Rakuten has assembled for what it has called the world’s first ‘Cloud Native’ mobile network.

The concept is that this technology set becomes a product and made available to other companies who will have a ready-made telco ultimately to be scattered across a multi-cloud as an array of cloud-native applications and workloads. Rakuten says plans are underway to roll out the technology and expertise to telecom companies and other enterprise customers around the world.

Rakuten says that its Communications Platform contains all the elements of the Rakuten Mobile network, which include telco applications and software from multiple vendors, OSS and BSS systems handling customer billing and activation systems, in addition to edge computing and virtual network management functions.

https://www.insidetelecom.com/...product-taking-shape-for-the-market/