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Rakuten Group Logs 5th Consecutive Jan.-March Loss

Rakuten Group Logs 5th Consecutive Jan.-March Loss

   Tokyo, May 14 (Jiji Press)--Japanese e-commerce giant Rakuten Group Inc. on Tuesday reported a consolidated net loss of 42.3 billion yen for January-March, the fifth consecutive first-quarter red figure, though smaller than the 82.5-billion-yen loss a year earlier.
   The group remained in the red as its Rakuten Mobile Inc. unit has been burdened with the development of mobile base stations since the company fully entered the mobile phone business in 2020.

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AFP-JIJI PRESS NEWS JOURNAL


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