Rakuten Postpones Financial Overhaul

TOKYO, Jul 30 (News On Japan) - Rakuten Group has announced that it will postpone the restructuring of its financial business to January 2025. Initially, the target was set for October 2024.

The decision was made because further review is necessary regarding the enhancement of corporate value and the regulatory requirements of various services. Rakuten Group has incurred significant losses in its mobile phone business and aims to restructure its profitable financial business to strengthen its revenue base.

Source: テレ東BIZ

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