For those familiar with my work on Konichi-Value, you know my disapproval of Rakuten and its management, especially CEO Hiroshi Mikitani. I've previously criticized his blame-shifting and use of tactics like assigning pointless tasks to push employees to quit, but this time, I intend to dig deep into not only his shortcomings, but the shortcomings of Rakuten Group as a whole.
If you’re interested in the Rakuten stock, I've discussed the company's massive debt and risk of collapse in this article:
![[Stock-Analysis] Rakuten (4755 TYO): The Amazon of Japan's Failed Move into Mobile - Updated 2023/01/30](https://substackcdn.com/image/fetch/w_1300,h_650,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F21951b05-6aa1-4727-8077-e3e927ce8557_4585x2159.png)
The Fall of Rakuten: How Japan's E-commerce Titan Got to the Brink of Disaster