Rakuten Group reported its first first-half operating profit in seven years for January-June 2026, with IFRS operating profit of ¥50.4 billion versus a ¥6.6 billion loss a year earlier. Revenue rose 13% to ¥1.31 trillion and net loss attributable to owners of the parent narrowed to ¥10.9 billion from ¥124.4 billion, while the April-June quarter produced a net profit of ¥7.7 billion, the company’s first quarterly net profit in six years. Financial services and internet operations supported the recovery, while Rakuten Mobile remained loss-making though its Non-GAAP operating loss improved to ¥71 billion from ¥88.4 billion as subscriber lines reached 10.75 million. Rakuten also recorded a ¥17 billion logistics impairment. After the results, Rakuten shares fell 10.12% to ¥776.50 on Aug. 12 as investors focused on operating profit missing the ¥70.8 billion QUICK consensus, planned mobile network-related capital spending of about ¥200 billion in 2026, and the still-undecided timing of dividend resumption.