• Kyodo News


Rakuten Inc. said Tuesday it expects to report ¥65.64 billion in appraisal losses for the year ending Wednesday, mainly from its stake in Tokyo Broadcasting System Inc.

The online shopping mall operator did not provide full-year earnings forecasts, citing volatility in the Internet and securities industries, but the valuation losses are likely to force it to fall into the red for the 2008 business year.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.