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Rakuten Posts FY2011 Q1 Earnings [E-Commerce]


Japan’s largest e-commerce company Rakuten released its earnings for the first quarter of fiscal 2011 today. And things are looking quite good: consolidated net sales, for example, rose 9.8% year-on-year to 86,921 million yen, despite the negative effects of the March 11 earthquake.

Operating net income grew 8.4% to 14,074 million yen, while ordinary income rose 9.7% to 13,870 million yen. Rakuten’s quarterly net income increased 1.4% year-on-year to 6,914 million yen.

Downloads of Rakuten’s first quarter FY2011 earning results:
Presentation material (in English)
Earnings release (in English)

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.