TOKYO -- Japan Post Holdings could be forced to record a loss of about 80 billon yen ($552 million) related to Rakuten Group shares that it owns, Nikkei has learned, potentially taking the hit in the April to June quarter.
Companies
Japan Post braces for $550m hit over Rakuten shareholding
Company could record impairment charge in April-June quarter, Nikkei has learned
Japan Post Holdings entered into a capital and business alliance with the Rakuten Group In 2021.
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