|Bid||62.500 x 0|
|Ask||63.000 x 0|
|Day's Range||62.200 - 63.000|
|52 Week Range||37.250 - 80.800|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||1.77|
|Forward Dividend & Yield||0.35 (0.57%)|
|Ex-Dividend Date||Feb 19, 2021|
|1y Target Est||N/A|
Japanese billionaire Hiroshi Mikitani is fond of deals that burnish his reputation as the biggest evangelist for ecommerce in a country that has been slower than many to embrace it. Rakuten, the company Mikitani founded in 1997 and built into Japan’s largest online retailer, has taken stakes in messaging app Viber and US coupon and cashback site Ebates. Instead of ploughing money into a newfangled app, Mikitani agreed in late March to sell an 8 per cent stake in Rakuten to Japan Post, the former state-owned postal service and a potent symbol of brick and mortar’s role in the country’s $5tn economy.
Sales rose on a low comparative base but are likely to fall again in May.
Strong performance by Uniqlo in Japan and Greater China drove the growth, despite the impact of COVID-19 on other markets.