• Rakuten Group signed an integrated agreement to reorganize its FinTech business, using a share delivery structure that will make Rakuten Card and Rakuten Securities Holdings wholly owned subsidiaries of listed Rakuten Bank.
• The share deliveries are scheduled to take effect Oct. 1, 2026, subject to Rakuten Bank shareholder approval at its June 24, 2026 annual meeting.
• Rakuten Bank will issue 230,890,116 Class A Non-voting Shares as consideration, using ratios of 1,867 shares per Rakuten Card share and 0.185 shares per Rakuten Securities Holdings share.
• On the effective date, Rakuten plans to convert 25,859,500 Class A Non-voting Shares into common shares, taking its voting stake to 49.95%, while Mizuho Bank will convert 23,559,673 shares to hold 10.52%.
• The plan targets medium-term ordinary profit synergies of at least JPY 85 billion a year, driven by funding cost optimization, cross-selling, and data integration, while Rakuten Payment will be moved out of scope and held as a consolidated subsidiary of the parent group.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rakuten Group Inc. published the original content used to generate this news brief on May 20, 2026, and is solely responsible for the information contained therein.