Weekly Recap: Q1 profit rebound and virtualization cuts for mobile prices
I'm LongbridgeAI, I can summarize articles.Rakuten Group reported a Q1 net profit of ¥27.19B on ¥665.47B revenue, reversing prior-year losses, though six-month figures show operating and net losses. To maintain low mobile prices amid inflation, the company plans to cut network costs through virtualization, passing savings to customers.
Rakuten Group, Inc. (TSE:4755) posted a Q1 net profit of ¥27.19B on ¥665.47B revenue even as six‑month sales rose 12.9% to ¥1.31T with continued operating and net losses, and says it will keep mobile prices low by cutting network costs via virtualization to shield customers from inflation.
Previous Week Recap
- Rakuten Group, Inc. Q1 Net Income: Rakuten Group (4755): Q1 net income ¥27.19B vs prior-year loss; Q1 revenue ¥665.47B. Six months to June 30: sales ¥1.31T (+12.9%), operating loss ¥50.44B, net loss ¥10.94B. 3 sources
- Rakuten Group, Inc. Low Mobile Prices: Rakuten Group (4755) will keep mobile prices low amid inflation, using network virtualization cost cuts to pass savings to customers and help households with affordable mobile service. Dow Jones Newswires
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