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December 22, 2024
 

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HIROSHI MIKITANI

Rakuten's sale of 15% stake in its credit card arm to Mizuho Financial Group would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter.
BUSINESS / Companies
Nov 14, 2024
Rakuten sells Mizuho 15% of credit card arm for ¥165 billion
The sale would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter, Rakuten said in a statement Wednesday.
Rakuten CEO Hiroshi Mikitani said that the mobile company now has more than 7 million subscribers, and is seeking to hit 10 million subscribers next.
BUSINESS / Companies
Jun 27, 2024
Money-losing Rakuten Mobile rolls out new 700 MHz service
The new offering, which is being introduced incrementally, will improve connectivity, including in densely populated areas, it says.
The exact timing of the roll out of Rakuten Mobile's commercial satellite-to-mobile service is uncertain, but the plans for coverage encompass mountainous and remote areas across Japan.
BUSINESS / Tech
Feb 16, 2024
Rakuten plans satellite mobile service across Japan in 2026
The service, to be rolled out in partnership with AST SpaceMobile, will be directly accessible by regular smartphones and won’t require a terminal.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024
Rakuten logs second-largest annual net loss
The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
Hiroshi Mikitani, co-chief executive officer of Rakuten Medical, speaks at the American Society of Clinical Oncology's meeting in Yokohama on Thursday.
BUSINESS
Aug 7, 2023
Rakuten’s Mikitani spends a fifth of his time on biotech startup
Rakuten Medical, based in San Diego, employs about 200 people and specializes in a therapy that uses light and immunotherapy drugs to fight cancer.
Japan Times
COMMENTARY / Japan
Jul 14, 2023
Rakuten is hanging on. It should consider hanging up
Rakuten is selling whatever it can to plug a hole in its finances caused by a misadventure into mobile.
Japan Times
COMMENTARY / Japan
Oct 13, 2022
Struggling Rakuten may need to phone a friend for help with mobile bet
Hiroshi Mikitani isn't as rich as he used to be — and is losing money rapidly on his bet on mobile. The smart play may be to find a partner with deeper pockets.
SOCCER / J. League / J. LEAGUE NOTEBOOK
May 31, 2022
June international break a welcome relief for struggling J. League teams
Three clubs initially expected to vie for the title will be especially grateful for the chance to reboot their campaigns.
Japan Times
BUSINESS / Companies
May 24, 2022
Rakuten prepares to list its securities unit
The firm said a listing for the securities business would help it expand the ecosystem for Rakuten offerings, which range from e-commerce to finance and wireless services.
Japan Times
SOCCER
Jul 7, 2021
Barcelona forwards apologize for video mocking hotel staff in Japan
Antoine Griezmann and Ousmane Dembele's comments during a 2019 preseason tour have sparked a growing backlash, including a protest from Barcelona sponsor Rakuten.
Japan Times
JAPAN
May 15, 2021
Rakuten founder Hiroshi Mikitani calls Tokyo Olympics a ‘suicide mission’
Mikitani, who has been an outspoken critic of the government's handling of the coronavirus pandemic, said the sporting event, due to start in two months, should not be held this year.
SOCCER / J. League
May 14, 2021
J. League offers assistance for country's mass vaccination efforts
The league and its 57 clubs will provide logistical support and promotional muscle after reaching an agreement with the National Governors' Association.
Japan Times
JAPAN
Apr 29, 2021
Japanese business leaders suggest ways to speed up vaccination rate
Figures such as Rakuten CEO Hiroshi Mikitani have urged the government to quicken inoculations by allowing them to be done through a drive-thru system.
Japan Times
BUSINESS / Companies
Mar 12, 2021
Rakuten to raise $2.2 billion as Japan Post and Tencent buy stakes
The Japanese e-commerce pioneer has benefited from a boom in online shopping during the pandemic, but faces stiff competition from Amazon.com Inc.
Japan Times
BUSINESS / Companies
Sep 30, 2020
Rakuten rolls out ultrafast 5G service with bold price plan
The move could give the mobile carrier a competitive edge and fuel momentum toward cheaper phone fees.
Japan Times
BUSINESS / Companies
Jan 7, 2020
Rakuten to launch full-scale mobile phone services in Japan in April
Rakuten Inc. aims to launch full mobile phone carrier services in April, according to Hiroshi Mikitani, the head of the major cybermall operator.
Japan Times
BUSINESS / Companies
Aug 3, 2019
Rakuten looks to extend jersey deal with NBA's Golden State Warriors as brand awareness jumps
Rakuten Inc., which paid the Golden State Warriors $60 million for a three-year jersey sponsorship in 2017, is looking to extend the partnership as the National Basketball Association finalists head into the final season of their deal.
Japan Times
SOCCER / From the Spot
Jul 24, 2019
Rakuten's Barca-Chelsea show misses mark
The possibility exists that Tuesday's Rakuten Cup match between Barcelona and Chelsea was being considered by some influential soccer figure or another as an audition for Japan's inclusion in the increasingly popular International Champions Cup, the international preseason tournament that is currently...
SOCCER / From the Spot
Apr 24, 2019
Vissel faces challenges after week of turmoil
Seven weeks ago, David Villa's first J. League goal in front of an enthusiastic home crowd led even the most cynical of observers to wonder whether this could be the year that perennial underperformer Vissel Kobe would finally put together a campaign worthy of its arsenal of European talent.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
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By Alex K.T. Martin

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