Rakuten Group announced it recorded a 17 billion yen impairment of fixed assets in its logistics warehouse space leasing service during the second quarter of the fiscal year ending December 2026. Due to uncertain prospects for future cargo volume growth, the company decided to convert the leasing service to in-house use and assessed the recoverable amount of the relevant assets as zero. As a result, consolidated net profit for the second quarter fell to a loss of 10.9 billion yen.
Rakuten Group, Inc.Rakuten recorded a 17 billion yen impairment on warehouse leasing assets, leading to a consolidated net loss of 10.9 billion yen in Q2.
