dateJuly 26, 2005
STAR TOURS JAPAN CO. LTD Becomes Subsidiary

On July 26, 2005 Rakuten, Inc. announced that wholly owned subsidiary Rakuten Travel, Inc. shall make STAR TOURS JAPAN CO. LTD into a subsidiary. The company operates a highway bus reservation web site service (http://www.iibus.com). Rakuten will hold 75% of outstanding common shares of the company upon completion of the transaction. (For full release, please refer to Japanese IR release.)

*Please note that the information contained in press releases is current as of the date of release.

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