May 1, 2018
  • RAKUTEN, INC.

Announcement of Change of Corporate Name of a Subsidiary

  At a meeting of the Board of Directors of Asahi Fire & Marine Insurance Co., Ltd., a consolidated subsidiary of Rakuten, Inc., held on May 1, 2018, a resolution was passed to change the corporate name.

  1. Details of Corporate Name Change

 (1) Reasons for change

     To strengthen synergies within the Rakuten Group

 (2) New Corporate Name

     Rakuten General Insurance Co., Ltd.

 (3) Schedule

     Resolution of Board of Directors                  May 1, 2018

     Shareholders meeting (Expected)                June 28, 2018

     Effective date (Expected)                          July 2, 2018

 

2.Summary of the Consolidated Subsidiary

 (1)  Company name                 Asahi Fire & Marine Insurance Co., Ltd.

 (2)  Address                            7 Kandamitoshiro-cho, Chiyoda-ku, Tokyo

 (3)  Representative                 Tomonori Soeda

 (4)  Outline of Business          General insurance

 (5)  Share Capital                   JPY 5,153 million (as of September 30, 2017)

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

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