Rakuten Group, Inc. (Head Office: Setagaya-ku, Tokyo, Chairman and CEO: Hiroshi Mikitani, hereinafter “the Company”) announces that Rakuten Securities Holdings, Inc., a consolidated subsidiary of the company (Head Office: Minato-ku, Tokyo, President: Yuji Kusunoki, hereinafter “Rakuten Securities Holdings”) and Mizuho Securities Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Yoshiro Hamamoto, hereinafter “Mizuho Securities”), a consolidated subsidiary of Mizuho Financial Group, Inc. (Headquarters: Chiyoda-ku, Tokyo; President & Group CEO: Masahiro Kihara; hereinafter “Mizuho Financial Group") have today agreed to further strengthen the strategic capital and business alliance between the two companies (hereinafter "the Alliance") originally announced on October 7, 2022.
By strengthening this alliance, we will promote initiatives, including collaboration between both groups, aimed at building a new retail business model that combines both online and offline businesses in the fields of asset formation and asset management.
In order to strengthen this partnership, Rakuten Securities Holdings and Mizuho Securities entered into a share transfer agreement on November 9, 2023 for the Rakuten Securities Holdings of Approx. 29.01% of the common stock of Rakuten Securities, Inc. (Headquarters: Minato-ku, Tokyo, President and CEO: Yuji Kusunoki, hereinafter "Rakuten Securities"). Subject to the approval of the relevant authorities, Rakuten Securities Holdings and Mizuho Securities have agreed to make an additional transfer (hereinafter the "Share Transfer") to Mizuho Securities, and we decided to change the shareholders' agreement (hereinafter the "Agreement") together with the share transfer agreement concluded on October 7, 2022.
After the acquisition of the shares by Mizuho Securities, Rakuten Securities Holdings’ shareholding ratio in Rakuten Securities will be 51%. Even after this Share Transfer, Rakuten Securities will continue to be a consolidated subsidiary of the Rakuten Group and Rakuten Securities Holdings, and our business centered on the Rakuten Ecosystem will remain unchanged, whilst we continue to strengthen our services.