Media Room

March 31, 2017
  • Rakuten, Inc.

Announcement of Merger
between Rakuten, Inc. Subsidiaries


Tokyo, March 31, 2017 – Rakuten, Inc. today announced that its wholly-owned subsidiaries Kenko.com, Inc. and Soukai Drug Co., Ltd. will be merged on July 1, 2017. Following this merger, Noriaki Komori will assume on the role of Representative Director & CEO at the new company.

Both companies are e-commerce businesses selling daily necessities, and both have stores on Rakuten’s internet shopping mall, Rakuten Ichiba. The merger will unify the two companies, which have highly similar business structures, to enable more efficient operations and further enhance the Rakuten Ichiba customer experience.

Rakuten Group will continue to streamline management resources and strengthen operation fundamentals in order to provide the best possible service to users.

Summary of merger


(1)   Schedule

Merger resolution at the shareholders’ meeting:  Kenko.com, Inc.: March 31, 2017
                                                                                  Soukai Drug Co., Ltd.: March 27, 2017
Date of merger: July 1, 2017 (scheduled)

(2) Merger method
Kenko.com will be the surviving company under absorption-type merger, and Soukai Drug Co., Ltd. will be absorbed.


Overview of companies in merger

Company name

Kenko.com, Inc.
(Company surviving absorption-type merger)

Soukai Drug Co., Ltd.
(Company absorbed in absorption-type merger)

Address

1-15-6 Tenjin

Chuo-ku, Fukuoka-shi

Fukuoka

Kojimachimitsuba Bldg. 1F

3-5 Niban-cho, Chiyoda-ku

Tokyo

Name, title of representative

Shunsuke Yazawa, Representative Director & CEO

Noriaki Komori, Representative Director & CEO

Main business

E-commerce, handling daily necessities with a focus on health-related products

E-commerce, handling a wide range of products with a focus on daily necessities

Date of establishment

November 8, 1994

August 11, 2000

Main shareholders

Rakuten, Inc. 100%

Rakuten, Inc. 100%


Post-merger details (following scheduled date of July 1, 2017)

Company name

To be determined

Address

To be determined

Name, title of representative

Noriaki Komori, Representative Director & CEO

Main business

Services relating to the sale of daily necessities through e-commerce