The company will sell additional shares and hold a bond offering to raise the required funds that it says will be used to help it transform "into a highly profitable enterprise."
With its biggest hardware gamble a failure and Windows 10 about to arrive, the software maker is pressed to prove what it can achieve in the phone business.
The Internet giant looks to the style and e-commerce site to try to jolt its advertising offerings.
The company lost 126 billion yen ($1.05 billion) in the fiscal year ended in March, but it expects to turn that around with a 140 billion yen profit next fiscal year.
The ride-hailing service says it wants to expand the number of rides it offers in India to a million each day, up from a reported 200,00 daily trips.
The e-commerce giant's unexpected profit and better-than-predicted sales prompted investors to push Amazon's market value above Walmart's.
For the first time, the e-commerce giant reports sales results for Amazon Web Services -- and they're whopping.
The mobile division had an operating loss of $188 million in the last quarter, causing its games division's $160 million profit to go unnoticed.
Nintendo's revenue was up 21 percent as the company tries to dig its way out of third place in the game console market.
Dragging down the rest of the company Sony's mobile unit posts a quarterly operating loss of $1.6 billion on $2.8 billion in revenue.