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Rakuten, Inc. (RKUNF)

Other OTC - Other OTC Delayed Price. Currency in USD
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13.07-0.65 (-4.74%)
At close: 3:10PM EDT
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Neutralpattern detected
Previous Close13.72
Open13.69
Bid0.00 x 0
Ask0.00 x 0
Day's Range12.58 - 13.69
52 Week Range5.85 - 14.88
Volume1,336
Avg. Volume11,410
Market Cap17.854B
Beta (5Y Monthly)0.86
PE Ratio (TTM)13.43
EPS (TTM)0.97
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 27, 2019
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Rakuten shares jump 24% on Japan Post, Tencent backing
    Reuters

    Rakuten shares jump 24% on Japan Post, Tencent backing

    Rakuten Inc's shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon. Rakuten shares were trading up 18% at 1,471 yen at 02:28 GMT - the biggest rise in 17 years - after earlier hitting a daily limit high of 1,545 yen. The deal is a funding injection for Rakuten's investments in logistics, where it is competing with Amazon and SoftBank's newly bulked-up internet business, and in mobile, where it is taking on the three incumbent carriers.

  • Rakuten Surges Most in 18 Years After Tencent, Japan Post Invest
    Bloomberg

    Rakuten Surges Most in 18 Years After Tencent, Japan Post Invest

    (Bloomberg) -- Rakuten Inc. shares recorded their biggest gain in 18 years after investors bet that a $2.2 billion stake sale and deepening collaboration with partners like Tencent Holdings Ltd. and Japan Post Holdings Co. will help the company acquire customers and shore up its logistics network.The stock rose its maximum of 24.1% in Tokyo, pushing Rakuten’s value up by more than $3 billion, after it announced Friday it was raising 242 billion yen selling stock to investors including Tencent, Japan Post and Walmart Inc. Japan’s e-commerce pioneer intends to use the funds to expand its capabilities in artificial intelligence, financial technology and mobile networks. It recently became the fourth mobile carrier in its domestic market, undercutting the incumbents with aggressive pricing.Read more: Rakuten to Raise $2.2 Billion as Japan Post, Tencent InvestThe deal is expected to help bankroll Rakuten’s costly effort to build out its delivery network and compete with Amazon.com Inc. It plans to create joint logistics centers with Japan Post, sharing data and delivery and pick-up systems to improve efficiency.Bringing together Rakuten’s more than 100 million members and Japan Post’s last-mile access to every household and a network of 24,000 post offices, the two will set up counters where people will be able to sign up for Rakuten’s mobile service and make use of its other services. They’ll also collaborate on cashless payments and insurance, the companies said Friday.“When we imagine how this alliance could develop, one possibility is the creation of a super-app connecting the real and online worlds,” Citigroup analysts Koichi Niwa and Mitsunobu Tsuruo wrote in a Monday note. “If the tie-up works well, we expect it to contribute materially to improved competitiveness at Rakuten.”Hooking up with Tencent will offer a window into the vast Chinese internet market and help Rakuten with its efforts to expand its ecosystem to include more gaming, Hiroto Furuhashi, a managing executive officer at Rakuten, said in an interview.(Updates with analyst comment in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • The "Amazon" of Japan, Rakuten, Selling $2.2 Billion in New Stock
    Motley Fool

    The "Amazon" of Japan, Rakuten, Selling $2.2 Billion in New Stock

    Japanese e-commerce giant Rakuten (OTC: RKUNY) is selling $2.2 billion-worth of new stock to aid it in its fight against Amazon (NASDAQ: AMZN). Rakuten announced it was selling shares primarily to postal and logistics company Japan Post, as well as Chinese technologist-turned-investor Tencent Holdings (OTC: TCEHY) and Walmart (NYSE: WMT). In addition to taking about an 8.3% stake in Rakuten via the new share issuance, Japan Post is partnering with Rakuten on things like new logistics centers, delivery and pick-up systems, and digital payments.

  • Benzinga

    Rakuten Divests 8% Stake To Japan Post, Tencent, Walmart To Intensify Battle Against Amazon: Report

    Japanese e-commerce firm Rakuten Inc (OTC: RKUNF) (OTC: RKUNY) is divesting an 8.32% stake to postal and banking company Japan Post Holdings Co Ltd (OTC: JPHLF) (OTC: JPPHY), expanding a logistics tie-up to counter peers like Amazon.Com Inc (NASDAQ: AMZN), Reuters reports. Rakuten plunged to an operating loss in 2020 as it battled Amazon in e-commerce and took on Japan’s cash-rich telecoms with its mobile network. Friday’s deal made Japan Post Holdings the biggest shareholder in Rakuten outside the founding Mikitani family and is part of a $2.2-billion (242-billion-yen) share sale to companies including Tencent Holdings Ltd (OTC: TCEHY) and Walmart Inc (NYSE: WMT). The proceeds would be utilized to fund expansions into AI, finance, and mobile. The alliance mainly focuses on e-commerce, followed by a partnership in mobile and other businesses, Bloomberg reports. Last year, the company scaled back plans to offer free shipping following regulatory scrutiny. Rakuten also expanded rapidly into wireless mobile to disrupt the industry. The company’s wireless unit’s loss nearly tripled to 227 billion yen in FY20 following network investments while offering free service to drive users. The arrangement united Rakuten’s over 100 million members and Japan Post’s last-mile access to every household and a network of 24,000 post offices. The postal group also operated a life insurance business and a bank with about 120 million savings accounts. The collaboration focused on creating joint logistics centers and delivery, pick-up systems, and data sharing. Post offices would form as sign-up counters for Rakuten’s mobile service. They would also collaborate on cashless payments and insurance. Further details of the partnership would be revealed in April. Rakuten’s relationship with Walmart dated back at least three years. It included collaboration on fresh produce delivery in Japan and an e-book operation in the U.S., unlike Tencent, which was still fresh. Rakuten and Japan Post stock rose in afternoon trade in Tokyo after the tie-up. Last year Rakuten acquired a 20% stake in Walmart’s Japanese supermarket unit Seiyu. Rakuten’s partnership with Seiyu dated back to 2018. Price action: RKUNF shares are trading up 5.24% at $11.04 on the last check Friday. See more from BenzingaClick here for options trades from BenzingaChina's Antitrust Regulator Penalizes Tencent, Baidu For Past Investments: BloombergGoogle Under EU Watchdog Probe For Advertising: Bloomberg© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tencent and Walmart Join Forces to Invest in Japan’s Rakuten
    Variety

    Tencent and Walmart Join Forces to Invest in Japan’s Rakuten

    Japanese e-commerce and entertainment group Rakuten is to receive a $2.2 billion (JPY242 billion) capital injection through a share sale headed by Japan Post, Chinese social media and entertainment group Tencent and Walmart. The move is intended to help the e-commerce leader strengthen itself and weather competition from Amazon. It comes after Rakuten slipped into […]

  • Rakuten to sell 8% stake to Japan Post in Amazon battle
    Reuters

    Rakuten to sell 8% stake to Japan Post in Amazon battle

    Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc. Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan's cash-rich telcos with its own mobile network. "Rakuten is the best partner for us, as it has advanced digital technology," Japan Post Holdings Chief Executive Hiroya Masuda told a news conference.

  • Rakuten to Raise $2.2 Billion as Japan Post, Tencent Invest
    Bloomberg

    Rakuten to Raise $2.2 Billion as Japan Post, Tencent Invest

    (Bloomberg) -- Rakuten Inc. plans to raise 242 billion yen ($2.2 billion) by selling shares to investors including Tencent Holdings Ltd., Walmart Inc. and Japan Post Holdings Co., bankrolling expansions into AI, finance and mobile.Japan Post will buy a stake of 8.32% via new and existing shares in Rakuten while China’s social media leader and the U.S. retail giant will take smaller slices, a filing showed Friday. Shares of Rakuten and Japan Post surged as the agreement builds on an existing alliance on logistics forged by the two last year.The Japanese e-commerce pioneer has benefited from a boom in online shopping during the pandemic, but faces stiff competition from Amazon.com Inc. Last year, the company scaled back plans to offer free shipping after pushback from sellers using its platform prompted regulatory scrutiny. Rakuten is also expanding rapidly into wireless mobile, hoping to disrupt the staid industry.“The alliance will focus on e-commerce first, where having access to Japan Post’s network will be a crucial advantage,” Rakuten Chief Executive Officer Hiroshi Mikitani said at a briefing in Tokyo. “We will also look into partnership in mobile and other businesses.”Rakuten jumped 8.6% to close at 1,245 yen in Tokyo. The shares will be bought for 1,145 yen apiece, according to the filing. Japan Post climbed 4.9%.Rakuten will invest the proceeds into logistics, artificial intelligence and its mobile network. The loss at the company’s wireless unit nearly tripled to 227 billion yen last fiscal year as it spent money to build out its network while offering free service to lure users.The deal brings together Rakuten’s more than 100 million members and Japan Post’s last-mile access to every household and a network of 24,000 post offices, the two companies said in a presentation. The postal group also operates a life insurance business and a bank with about 120 million savings accounts.Win-Win“If Japan Post integrates some of Rakuten’s online services to its huge nationwide network, this can be a reasonably big win for both,” Amir Anvarzadeh, a market strategist at Asymmetric Advisors in Singapore, wrote in a note to clients. “It adds one more reason to own” Rakuten shares, he said.The pair plan to create joint logistics centers and delivery and pick-up systems and will also share data to improve efficiency. Post offices will form counters where people will be able to sign up for Rakuten’s mobile service and make use of other services. They will also collaborate on cashless payments and insurance. Further details of the partnership will be unveiled in April.“We thought long and hard about risk and return before deciding on this investment,” Japan Post CEO Hiroya Masuda said at the briefing. “We believe that going beyond a business arrangement to a capital tie-up will take this partnership to a new level.”Rakuten’s relationship with Walmart dates back at least three years and includes collaboration on fresh produce delivery in Japan and an e-book operation in the U.S. But the connection with Tencent has only been a few months in the making, Hiroto Furuhashi, a managing executive officer at Rakuten, said in an interview after the announcement.One possible area of partnership with the Chinese internet giant is gaming, including tapping Rakuten’s knowledge of the Japanese market to jointly develop titles, Furuhashi said. The Japanese firm, which has almost no presence in China, is exploring opportunities to connect its brand and merchants to Tencent’s WeChat messaging platform to expand its business in the country, he said, adding that nothing concrete has been decided.“We have asked ourselves whether having our online ecosystem without gaming will be good enough,” Furuhashi said. “There is also a huge opportunity for Japanese merchants and our brand in China, including in e-commerce.”(Updates with details of Tencent partnership from 11th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Reuters

    Messaging app Viber stops Myanmar ads sales pending investigation

    Rakuten-owned messaging app Viber said on Wednesday it was stopping all advertising in Myanmar temporarily, after a Reuters story found it had recently run adverts for a military-backed telecoms firm there. "We are looking into the current situation to ensure all ads comply with guidelines," Viber said in a tweet responding to the Reuters story. "While we are conducting this analysis, we have decided to stop all advertising to Myanmar."

  • 15 Biggest Companies That Accept Bitcoin
    Insider Monkey

    15 Biggest Companies That Accept Bitcoin

    In this article we are going to list the Top 15 Biggest Companies That Accept Bitcoin. You can skip our detailed discussion about the reasons behind the latest Bitcoin rally, the future prospects of the cryptocurrency and go to 5 Biggest Companies That Accept Bitcoin. Bitcoin kicked off 2021 with a bang. The cryptocurrency smashed […]