March 10, 2020
  • RAKUTEN, INC.

Notice Regarding Withdrawal of Petition for Emergency Suspension by the Japan Fair Trade Commission

 

  As announced in the February 28, 2020 “Notice Regarding Petition for Emergency Suspension Order by the Japan Fair Trade Commission”, the Japan Fair Trade Commission (hereafter the “JFTC”) filed a petition for an emergency suspension order to the Tokyo District Court regarding the “Shipping Inclusive Program Measures” (hereinafter referred to as the "Measures"), in accordance with Article 70-4, Paragraph 1 of the Antimonopoly Act (hereafter the “Act”). However, we announce today that the JFTC has withdrawn this petition.

  After lengthy examination of the effects of the new coronavirus infection on merchant staff resources and product purchases, etc., we will be able to start the Measures on March 18, 2020 with merchants who are ready. As for other merchants, we have selectively decided not to apply the Measures depending on the merchant.

  The Company has announced the above points, provided the same explanation to the JFTC, and today the JFTC has withdrawn the petition.

  The Company will promptly disclose the impact on the Company's business results of the withdrawal of this petition if any matter needed to be disclosed in the future arises.

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

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