Rakuten shares gain in Tokyo after strong outlook

Shares of Rakuten Group JP:4755 rose sharply after its results showed a markedly better financial performance, and painted a promising outlook for the year ahead.

The stock rose to an eight-month high on Thursday, gaining nearly 16% to reach 731.30 yen (US$4.86). The jump takes the internet service provider’s 12-month performance into positive territory with a 2.6% rise and puts the stock on track for its best day of gains since March 2021.

Rakuten…