• Kyodo News

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Internet mall operator Rakuten Inc. said Friday it incurred a group net loss of ¥54.98 billion for the business year through December, falling into the red for the first time in four years.

The loss in business 2008, mainly attributed to appraisal losses from its stake in Tokyo Broadcasting System Inc., compared with a net profit of ¥36.90 billion logged the previous year.

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