Rakuten Group, Inc. (RKUNF)
Rakuten Group, Inc. operates in the Specialty Retail industry of the Consumer Cyclical sector, headquartered in Tokyo, TY, JP. The stock last traded at $4.49, up 10.86% on the session, giving a market capitalisation of $9.76B. On trailing twelve-month figures it carries a trailing P/E of -22.91, a net margin of -2.4%. Its beta of 0.92 implies it has historically moved less than the broad market.
Based in Tokyo, Japan, Rakuten Group, Inc. is a diversified technology and internet services conglomerate with operations spanning both domestic Japanese and international markets. Its extensive business activities are strategically divided into three core pillars: Internet Services, FinTech, and Mobile. Within the Internet Services segment, the company manages a comprehensive suite of online platforms. These include the prominent e-commerce marketplace Rakuten Ichiba, digital storefronts like Rakuten Books for literature, Rakuten Travel for booking services, Rakuten Gora for golf reservations, and Rakuten Fashion for apparel. It also powers the Rakuma flea market application, the Rakuten Rewards cashback scheme, and Rakuten 24, an online store for everyday essentials and health items. Complementing these are offerings such as mobile messaging, VoIP communication, performance marketing, and e-book services. The FinTech segment provides a robust array of financial technology services. This includes the issuance of credit cards, comprehensive internet banking solutions, general and life insurance products, various payment processing systems, and the operation of an online securities trading platform. Finally, the Mobile segment focuses on telecommunications, delivering mobile communication services, high-speed optical broadband connections, and even power supply services. Established in 1997, the corporation underwent a rebranding from its previous name, Rakuten, Inc., to Rakuten Group, Inc. in April 2021.
Rakuten Group, Inc. is most often compared with the following Consumer Cyclical names: