Rakuten Group's interim results up to June showed a record high in sales due to increased use of online shopping, etc., while the final profit and loss was 65 billion yen due to heavy investment in the mobile phone business. It became a surplus deficit.
The interim financial results from January to June announced by Rakuten Group increased 16% from the same period last year to 793.6 billion yen, the highest ever for interim financial results.
This is mainly due to the so-called nesting demand due to the spread of the new coronavirus infection, and the significant growth in the online shopping business and the financial business such as credit cards.
However, due to the heavy investment in base station development to expand the area in the mobile phone business, the final loss was 65.4 billion yen, a significant increase compared to the same period last year.
The company has a contract to export 5G communication technology developed in-house that operates base stations etc. on the cloud to a German mobile company, and wants to improve profits by expanding exports of this technology in the future. It is said.
President Mikitani "Isn't it going to be a little faster due to technology exports?"
Hiroshi Mikitani, president of Rakuten Group, said at a press conference, "The goal of the mobile business is to return to profitability in a single month in 2023, but selling 5G communication technology overseas may accelerate the profitability. ".