(Update) Rakuten Logs Net Loss for 6th Straight Year
Tokyo, Feb. 14 (Jiji Press)--Rakuten Group Inc. said Friday that it posted a consolidated net loss for the sixth straight year in the business year ended December 2024, weighed down by heavy investment in its mobile phone business.
The group reported a net loss of 162.4 billion yen, narrower than the previous year's loss of 339.4 billion yen, reflecting an increase in its number of mobile phone subscribers. It swung to an operating profit of 52.9 billion yen, its first black ink in five years, from a loss of 212.8 billion in the previous year.
(2025/02/14-22:25)
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