Rakuten shares gain in Tokyo after positive outlook

Shares in Rakuten Group JP:4755 rose sharply after results showed a much better financial performance and outlined a promising outlook for the year ahead.

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

Rakuten…