Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Rakuten, Inc
  6. News
  7. Summary
    4755   JP3967200001

RAKUTEN, INC

(4755)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan Fair Trade Commission to End Investigation Into Rakuten Group

12/06/2021 | 04:01am EST

By Kosaku Narioka

The Japan Fair Trade Commission said Monday that it would terminate an antitrust investigation into Rakuten Group Inc. once it confirms that the e-commerce company has taken steps to change its practices over a free-shipping program.

Rakuten Group Inc. introduced the free-shipping program for orders of at least 3,980 yen ($35.28) in March 2020. Its sales staff told some merchants that their products would be ranked lower on search results if they don't join the program, the commission said.

Rakuten told the commission that it wouldn't treat unfairly the merchants that aren't participating in the free-shipping program and respect their choices, the commission said.

Rakuten said it took the commission's findings seriously and would continue to strive to improve its steps while listening to the voices of merchants and users.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

12-06-21 0401ET

All news about RAKUTEN, INC
01/26RAKUTEN : Card Surpasses 25 Million Cards Issued
PU
01/26Japan's border crackdown leaves students in limbo and economy in a pinch
RE
01/25Japan's border crackdown leaves students in limbo and economy in a pinch
RE
01/25RAKUTEN : Announcement of Financial Results of Rakuten Securities, Inc., a Consolidated Su..
PU
01/14RAKUTEN : Issuance of Stock Options to Directors, Executive Officers and employees of the ..
PU
01/14RAKUTEN : Issuance of Stock Options to Directors of the Company's subsidiaries and Executi..
PU
01/12Rakuten to Join Prime Market Section of Tokyo Exchange on April 4
MT
01/11RAKUTEN : Announcement of Transition to Prime Market in Tokyo Stock Exchange New Market Se..
PU
01/11Japan to maintain strict border restrictions until end of February
RE
01/05Rakuten Unit Incorporates Subsidiary Through Company Split
MT
More news
Analyst Recommendations on RAKUTEN, INC
More recommendations
Financials
Sales 2021 1 658 B 14 385 M 14 385 M
Net income 2021 -175 128 M -1 520 M -1 520 M
Net cash 2021 904 B 7 848 M 7 848 M
P/E ratio 2021 -8,17x
Yield 2021 0,48%
Capitalization 1 522 B 13 212 M 13 203 M
EV / Sales 2021 0,37x
EV / Sales 2022 0,51x
Nbr of Employees 23 841
Free-Float 57,3%
Chart RAKUTEN, INC
Duration : Period :
Rakuten, Inc Technical Analysis Chart | 4755 | JP3967200001 | MarketScreener
Technical analysis trends RAKUTEN, INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 962,00 JPY
Average target price 1 553,07 JPY
Spread / Average Target 61,4%
EPS Revisions
Managers and Directors
Hiroshi Mikitani President & Representative Director
Kenji Hirose Chief Financial Officer & Executive Vice President
Yasufumi Hirai Chief Information & Information Security Officer
Makoto Arima Chief Revenue Officer & Senior Director-Technology
Tareq Amin Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
RAKUTEN, INC-16.64%13 212
ALIBABA GROUP HOLDING LIMITED-3.00%312 379
MEITUAN-7.72%163 767
SHOPIFY INC.-36.68%109 552
PINDUODUO INC.-9.01%66 487
MERCADOLIBRE, INC.-22.23%52 913