Rakuten Group Inc
4755: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| JPY 419.00 | Hhzzgt | Sgwdqzqxl |
Rakuten Earnings: Increasing Mobile Revenue Still Top Priority; Valuation Up to JPY 780 From JPY 620
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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.