Japan’s Rakuten Group Suffers Record Net Loss of 372 Billion Yen
17:37 JST, February 15, 2023
TOKYO (Jiji Press) — Rakuten Group Inc. on Tuesday reported a record group net loss of ¥372.8 billion in 2022, far bigger than the year-before loss of ¥133.83 billion.
The company logged a loss of ¥492.8 billion on its mobile phone business, against the year-before loss of ¥421.1 billion.
The number of subscribers to its mobile phone service at the end of 2022 fell to 5.06 million from 5.37 million a year before after Rakuten abolished its zero-yen plan for those who use a low amount of data.
"Business" POPULAR ARTICLE
-
Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
-
Major Start-Up Support Center Station Ai Opens in Nagoya; ¥15.3 Bil. Facility Built to Bring Together Emerging Companies
-
Japan’s Major Carmakers to Review Production Bases After Trump Win; Mexico Manufactured Vehicles Could be Hit by Tariffs
-
Japan’s Sumitomo Mitsui Offers New Hires Sure Path to U.S., U.K. Branches, with 40% of Bank Revenue Already Coming from Abroad
-
Japan’s Economy Expands Annualised 0.9% in Q3 on Tepid Capex
JN ACCESS RANKING
- Streaming Services Boost Anime Popularity Overseas; Former ‘Geeky’ Interest More Beloved Among Gen Z than 3 Major U.S. Sports
- Malaysia Growing in Popularity as Destination for Studying Abroad; British-style Education Available at Low Cost
- ‘Women Over 30 Would Have Uteruses Removed’; Remarks of CPJ Leader, Novelist Naoki Hyakuta Get Wide Attention
- Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
- Typhoon Kong-rey Expected to Turn into Tropical Storm after Possible Pass Over Taiwan