Rakuten Group, Inc. (RKUNY) Q1 2023 Earnings Call Transcript

Rakuten Group, Inc. (OTCPK:RKUNY) Q1 2023 Earnings Conference Call August 10, 2023 2:15 AM ET

Company Participants

Hiroshi Mikitani - Chairman, President and Chief Executive Officer
Sharad Sriwastawa - Group Managing Executive Officer Representative Director, Co-CEO and CTO, Rakuten Mobile, Inc., Representative Director and Acting President of Rakuten Symphony, Inc
Kentaro Hyakuno - Representative Director, Group Executive Vice President
Kazunori Takeda - Director and Group Executive Vice President
Kazuhiro Suzuki - Representative Director, Co-CEO
Masayuki Hosaka - Representative Director and Vice Chairman
Ting Cai - Group Senior Managing Executive Officer, CDO, Group Senior Managing Executive Officer, Technology Services Division

Conference Call Participants

Takahiko Hyuga - Bloomberg
Oliver Matthew - CLSA
Hideo Fujimoto - JPMorgan

Operator

Good afternoon and thank you for joining Rakuten Group’s 2023 Second Quarter Financial Results Meeting. We have disclosed the latest consolidated financial reports at 3:00 p.m. today, and you can view this data on our corporate website page for investors along with the presentation documents used in this meeting. Mikitani will give a presentation. Miki, please go ahead.

Hiroshi Mikitani

Hello, ladies and gentlemen. I would like to update 2023 the second quarter consolidated financial results announcement. So we would like to start the session. Thank you for coming.

So today, for myself, I would like to go through the summary. The overall will be reported for myself and then by segment by segment, the performance of the segment will be reported by the person in charge of that specific discipline and also financial strategy, at the same time, the open AI, the other day, we have made announcement of a strategic partnership.

So inclusive of the initiative, we’d like to also ask about AI strategy. And Tensa will be reporting on this segment. So first of all, the overview of our business in FY 26 consecutive years, we have