Tokyo, March 12, 2021 – Japan Post Holdings Co.,Ltd., Japan Post Co., Ltd. and Rakuten, Inc. today signed a business alliance agreement to strengthen their collaborations across a range of fields, including logistics, mobile, digital transformation and more.
In addition, Japan Post Holdings and Rakuten announced today that the two companies have signed an agreement for the allotment of shares through an investment in Rakuten by Japan Post Holdings aimed at strengthening ties between the Japan Post Group and the Rakuten Group.
With a solid foundation built on a nationwide chain of post offices and a shipping network that covers all of Japan, the Japan Post Group serves as an essential part of social infrastructure for daily life. At the same time, the Rakuten Group provides a portfolio of more than 70 services to more than 100 million members in Japan that together make up the Rakuten Ecosystem.
Through this new capital and business alliance, the Japan Post Group and the Rakuten Group will seek to maximize synergies by effectively leveraging the business resources and expertise of both Groups to provide greater convenience for customers, give back to local communities, and grow their businesses.
Both Groups will continue to explore the broader potential for deepening their collaborative relationship.