Notice regarding the Completion of Registration to Establish a Joint Venture in Taiwan

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Rakuten, Inc. (Chairman and CEO: Hiroshi Mikitani, hereinafter “the Company”) announces that on May 18, 2020, Rakuten Bank, Ltd. (Representative Director and President: Hiroyuki Nagai, hereinafter “Rakuten Bank”) and Rakuten Card Co., Ltd. (Representative Director and President: Masayuki Hosaka, hereinafter “Rakuten Card”), wholly owned subsidiaries of the Company, with IBF Financial Holdings Co., Ltd. (hereinafter “IBF”), completed the registration to establish a joint venture in Taiwan after receiving necessary approvals to start a banking operation on July 30, 2019.

１．Overview of the Joint Venture

(1)	Company Name	RAKUTEN INTERNATIONAL COMMERCIAL BANK CO., LTD.
(2)	Head Office	11F, No.433, Songjiang Road, Taipei
(3)	Representative	Chien Ming-Ren
(4)	Date of Establishment	May 18, 2020
(5)	Business	Electronic banking services
(6)	Capital	TWD 10 billion
(7)	Fiscal year	December
(8)	Ownership	Rakuten Bank 50%, Rakuten Card 1%, IBF 49%

２．Overview of Rakuten Bank

(1)	Company Name	Rakuten Bank, Ltd.
(2)	Head Office	1-14-1 Tamagawa, Setagaya-ku, Tokyo
(3)	Representative	Hiroyuki Nagai
(4)	Description of Business	Electronic banking services
(5)	Capital	25,954 million yen

３．Overview of Rakuten Card

(1)	Company Name	Rakuten Card Co., Ltd.
(2)	Head Office	2-6-21 Minami-Aoyama, Minato-ku, Tokyo
(3)	Representative	Masayuki Hosaka
(4)	Description of Business	Credit cards, card loans, credit guarantees
(5)	Capital	19,323 million yen

４．Overview of IBF Financial Holdings Co., Ltd.

(1)	Company Name	IBF Financial Holdings Co., Ltd.
(2)	Head Office	4F. No.167 Section 2, Nanjing East Road, Taipei City 104, Taiwan
(3)	Representative	Wea Chi-Lin
(4)	Description of Business	Financial services
(5)	Capital	TWD 28,480 million

５．Impact on business performance

At present, the potential impact on Rakuten Group consolidated financial performance is expected to be limited. We will promptly announce any matters that require disclosure in the future.

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

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Notice regarding the Completion of Registration to Establish a Joint Venture in Taiwan

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