Rakuten Withholds Dividends to Focus on Financial Stability and Growth

Rakuten ( (JP:4755) ) has shared an announcement.

Rakuten Group, Inc. has announced that it will not pay dividends for the fiscal year ending December 31, 2024, as part of its strategy to maintain financial soundness and secure investment resources for growth. Instead, the company will continue offering its shareholders a benefit program that includes a free subscription to Rakuten Mobile services. This decision reflects Rakuten’s focus on reducing interest-bearing debt and achieving consolidated profitability, ultimately aiming to increase shareholder value.

More about Rakuten

Rakuten Group, Inc. operates in the telecommunications industry with a focus on providing mobile services through its Rakuten Mobile platform. The company is known for its simple and affordable mobile plans and has been working to improve its network quality and customer experience. Rakuten aims to democratize the mobile market and has gained approximately 8.30 million subscribers as of December 2024.

YTD Price Performance: 18.02%

Average Trading Volume: 16,436

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $14.29B

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