(Acquisition of own shares pursuant to the Company’s Articles of Incorporation based on the provisions of Article 459, Paragraph 1, Item 1 of the Company Law of Japan)
Rakuten, Inc. (the “Company”) announces that the Board of Directors decided to buy back the Company’s shares, pursuant to its Articles of Incorporation and Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
１．Reason for Share Buyback
The market price of our shares, capital efficiency, and financial conditions were all taken into consideration.
2. Details of Share Buyback
(1) Class of shares Common stock
(2) Number of shares to be acquired 120,000,000 shares (maximum)
(Representing 8.4% of total shares outstanding, excluding treasury stock)
(3) Total acquisition value 100 billion yen (maximum)
(4) Acquisition period February 22, 2017 – February 21, 2018
(Reference) Treasury stock holdings as of December 31, 2016
Shares outstanding (excluding treasury stock) 1,426,413,712 shares
Treasury stock 6,008,888 shares