* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, June 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Rakuten to Bring All Units into a Single Business as Mobile Unit Struggles

April 2, 2024
in Technology
Rakuten to Bring All Units into a Single Business as Mobile Unit Struggles
Share on FacebookShare on Twitter

Rakuten to Bring All Units into a Single Business as Mobile Unit Struggles

Rakuten, a Japanese conglomerate dealing with huge debt, is exploring combining its financial units to foster collaboration.

The online retailer is exploring having its different financial units: banking, securities, credit card, and insurance operations, into a single unit within the company, according to a Bloomberg report.

This restructuring plan appears to instill confidence among shareholders. The shares of the company are up 3% in the last 24 hours. The company has been dealing with increased debt, which has dampened its financial outlook among shareholders.

Rakuten Group Inc

Shareholders appear confident with the performance of the company’s fintech business. The debt-ridden company has been dealing with unprofitability in its mobile phone carrier operations.

Rakuten Plans to Consolidate Operations under a Single Unit

According to close sources, the company will only proceed with an initial public offering of its securities unit once the integration of these units is realized. Additionally, the banking division of the company will remain operating as a listed company after the reorganization is complete.

If this restructuring plan is successful, Rakuten Securities Holdings Inc., Rakuten Card Co., and other units will operate under the single umbrella of Rakuten Bank Ltd. The financial units of the company have been posting solid growth, and the merger seeks to aid the financial position of the company’s mobile business.

According to analysts at Bloomberg, this planned merger is similar to having a back-door listing for the company’s securities and card businesses through Rakuten Bank. As such, investors will realize more value for their shares in the company as they will have ownership over more operations in the company.

“This could lead to greater synergies and boost the combined value of the three units toward the high end of our estimates, at about ¥1 trillion,” the Bloomberg analysts said.

Besides posting gains for Rakuten Group’s shares, the stock of the company’s banking division also increased by over 3%. This jump was the largest recorded by the company since its listing around a year ago.

Rakuten’s Struggling Mobile Business

Rakuten Group has previously been plagued by the struggles of its mobile business unit. The Japanese conglomerate posted a net loss of 339.4 billion yen, equivalent to $2.2 billion for the financial year that ended in December.

The recent losses marked the fifth consecutive annual loss suffered by the company as a result of the struggling mobile business.

The parent company also has around ¥700 billion in bonds that are due in 2024 and 2025. The statistics come after the company reported losses for five consecutive years. Last year, the company also announced it would no longer list its brokerage division as earlier planned.

Rakuten unveiled its mobile service network in 2020. At the time, the ecommerce and fintech company said its mobile business would disrupt the third-largest telecoms market in the world. However, this business fell short of expectations and it has instead, dealt a major blow to the company’s finances.

The founder and CEO of the company, Hiroshi “Mickey” Mikitani, initially planned that the mobile service would offer a low-cost network. With this network, users could leverage cloud-based software and cost-friendly hardware. However, these plans did not succeed as infrastructure costs at the company spiraled out of control.

The fast rollout of this division has led to significant damage to the operations of the parent company. The company has a massive debt hole of $5.4 billion that is due in the next two years.

The company might also be in for a tough year if its consolidation plan fails to materialize. Investors are closely watching to see whether the company will achieve its goal of having the mobile unit break even.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/news/rakuten-to-bring-all-units-into-a-single-business-as-mobile-unit-struggles/

Tags: BringRakutentechnology
Previous Post

Bitcoin Needs a $23K Price Increase to Meet the Recent 3% Gains in Gold, Economists

Next Post

Open Roads review: Take it slow and savor the drama

Thresholds of functional trait diversity driven by land use intensification – Nature

Thresholds of functional trait diversity driven by land use intensification – Nature

June 7, 2025
Discovery Camps launch at the Museum of Science and History this summer – 104.5 WOKV

Exciting Discovery Camps Unveiled at the Museum of Science and History This Summer!

June 7, 2025

University of Texas Track Star Unleashes Imagination with New Science-Fiction Novel!

June 7, 2025
From Paris to Global: Yseult — Euromaxx – DW

Yseult: A Journey from Paris to Global Stardom

June 7, 2025
Norway vs. Italy: Livestream World Cup 2026 Qualifier Soccer From Anywhere – CNET

Norway vs. Italy: Livestream World Cup 2026 Qualifier Soccer From Anywhere – CNET

June 7, 2025
Dollar stores are seeing higher-income shoppers rush in the door. It’s a warning sign for the US economy. – Yahoo Finance

Why Higher-Income Shoppers Are Flocking to Dollar Stores: A Red Flag for the US Economy

June 7, 2025
Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

June 7, 2025
Popular Upper West Side restaurant Jacob’s Pickles shut down by NYC health department – ABC7 New York

Beloved Upper West Side Eatery Jacob’s Pickles Closes Its Doors After Health Department Intervention

June 7, 2025
Trump preparing large-scale cancellation of federal funding for California, sources say – CNN

Trump preparing large-scale cancellation of federal funding for California, sources say – CNN

June 7, 2025
ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

June 7, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (674)
  • Economy (688)
  • Entertainment (21,594)
  • General (15,268)
  • Health (9,729)
  • Lifestyle (691)
  • News (22,149)
  • People (688)
  • Politics (695)
  • Science (15,906)
  • Sports (21,191)
  • Technology (15,673)
  • World (673)

Recent News

Thresholds of functional trait diversity driven by land use intensification – Nature

Thresholds of functional trait diversity driven by land use intensification – Nature

June 7, 2025
Discovery Camps launch at the Museum of Science and History this summer – 104.5 WOKV

Exciting Discovery Camps Unveiled at the Museum of Science and History This Summer!

June 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version