Rakuten Group Inc

4755: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎183.00	Jtwg	Qbyp

Rakuten Earnings: Increasing Mobile Revenue Still Top Priority; Valuation Up to JPY 780 From JPY 620

Kazunori Ito , Pujance Chan

Feb 19, 2024

Rakuten’s December quarter operating loss of JPY 33 billion improved by JPY 21 billion from the September quarter, due to shrinking mobile losses and higher fintech and internet margins. Shares rose more than 20% after the quarterly earnings announcement as investors were reassured by the improvement in mobile and management’s comments that bond refinancing risk for 2024 has been addressed through the issuance of USD 1.8 billion in USD-denominated senior notes in February 2024.

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