Rakuten Group Inc. looks set to report on Friday a narrower loss in the April-June quarter, which would shore up confidence in its ability to pay bonds due through next year.
The focus is on billionaire founder Hiroshi Mikitani’s efforts to turn around his four-year-long foray into the saturated mobile market without a single profitable quarter. Investors are also seeking clarity on the Japanese online shopping mall operator’s delayed plan to combine its profit-churning financial arms.
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