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An update from Rakuten ( (JP:4755) ) is now available.
Rakuten Group, Inc. reported a significant increase in operating income for the fiscal year ending December 31, 2024, driven by growth in its domestic e-commerce business. However, the company experienced a decrease in ordinary income due to reduced dividend income and increased interest expenses, resulting in an ordinary loss. Despite these challenges, net income rose due to gains from the sale of subsidiaries and associates, including shares in Rakuten Card Co., Ltd. and Viber Media S.à.r.l.
More about Rakuten
Rakuten Group, Inc. operates in the e-commerce industry and provides a range of services including online retail, digital content, and financial technology solutions. The company focuses on expanding its domestic e-commerce business and enhancing its market presence.
YTD Price Performance: 18.02%
Average Trading Volume: 17,397
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.71B
Learn more about 4755 stock on TipRanks’ Stock Analysis page.