Rakuten Group Logs Net Loss for 6th Consecutive Year
Tokyo, Feb. 14 (Jiji Press)--Rakuten Group Inc. said Friday that it posted a consolidated net loss for the sixth straight year in 2024, pressured by large capital spending for its mobile phone business.
The Japanese company reported a net loss of 162.4 billion yen, though narrower than the previous year's loss of 339.4 billion yen thanks to an increase in the number of mobile phone subscribers.
(2025/02/14-16:34)
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