On March 10, 2005, Rakuten held an extraordinary board meeting and voted upon and agreed to make an investment in Kokunai Shinpan Co. Kokunai Shinpan is a consumer credit company based in Fukuoka City, Fukuoka Prefecture. On March 28, 2005, Rakuten and existing shareholders have agreed to contract terms regarding a business and capital tie-up between the two companies. On March 31, 2005, Rakuten will receive preferred shares in the company. On June 1, 2005, Rakuten is scheduled to receive common shares in the company. (For full release, please refer to Japanese IR release.)
March 28, 2005
Conclusion of Contractual Terms.
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