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Rakuten ( (JP:4755) ) has shared an announcement.
Rakuten Group, Inc. announced an expected corporate income tax expense due to the reversal of deferred tax assets and an impairment loss for the fiscal year ended December 31, 2024. The company anticipates a reversal of approximately 112,272 million yen in deferred tax assets and an impairment loss of about 9,662 million yen related to its insurance business. Despite these challenges, Rakuten achieved a positive IFRS operating income for the first time in five years, indicating a potential turning point in its financial performance.
More about Rakuten
Rakuten Group, Inc. operates in the e-commerce and internet services industry, offering a range of services including online retail, digital content, communication, and fintech solutions. The company focuses on leveraging technology to enhance its service offerings and expand its market reach.
YTD Price Performance: 18.02%
Average Trading Volume: 16,436
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.29B
For a thorough assessment of 4755 stock, go to TipRanks’ Stock Analysis page.
