Rakuten Group(US:RKUNY)2020-11-12 15:07Financial Data and Key Metrics Changes - The company reported double-digit growth in earnings for the quarter, with e-commerce shopping GMS and securities business revenue both growing approximately 30% year-on-year [1]. Business Line Data and Key Metrics Changes - The mobile business launched the world's first cloud-native 5G service just six months after the 4G launch, indicating rapid development in this area [2]. - The consolidated operating loss primarily reflects the costs associated with building out the mobile business, highlighting the investment in future growth [2]. Market Data and Key Metrics Changes - The pandemic has accelerated the digitalization of consumer lifestyles, leading to increased engagement with the company's services [1]. Company Strategy and Development Direction - The company emphasizes the expansion of its ecosystem, referred to as "membership value," which is a key performance indicator for the organization [3]. - The CEO shared a vision of revitalizing Japan through the Internet and expanding the value of the company's ecosystem [4]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the pandemic but noted the fortunate increase in digital service adoption among consumers [1]. - The financial strategy for funding new businesses was mentioned, indicating a focus on long-term returns despite current operating losses [2]. Other Important Information - The company is recognized as Japan's leading Internet company, offering a wide range of digital services from e-commerce to online trading [1]. Q&A Session Summary Question: What is the outlook for the mobile business? - The mobile business is expected to continue its growth trajectory with the recent launch of 5G services, which are positioned as the most affordable in Japan [2].