Rakuten: Core Businesses Are Doing Well but Logistics and Mobile Investments Are Eating into Profits
Rakuten Inc (4755 JP)’s 2Q FY20 financial results did not carry any major surprises. Similar to its counterpart Z Holdings (4689 JP), which...
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Z Holdings: Aggressive Consensus + Expensive Valuation
In our previous note, Z Holdings 1Q Update: Strong GMV Growth Is Not Expected to Last Longer Than COVID-19, we suggested that Z Holdings (4689...
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Z Holdings 1Q Update: Strong GMV Growth Is Not Expected to Last Longer Than COVID-19
We hardly see any improvement in Z Holdings (4689 JP)’s commerce business (excl. ZOZO) from 1Q FY03/21 results, despite a temporary bump in...
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LINE Joint Tender: Cash Price, Schedule, & Squeeze-Out
Naver put out three regulatory filings about the joint tender to LINE shareholders yesterday on DART.First of all, cash bid price? Unfortunately,...
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The End of the LINE (3938)
Today after the close, Naver Corp (035420 KS) and Softbank Corp (9434 JP) announced that the two companies would launch a Tender Offer for the...
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