Rakuten completes reorganization of its securities business
Rakuten Group announces that the establishment of Rakuten Securities Holdings, Inc. and the reorganization of the securities business have been completed as planned.
In August 2022, Rakuten Group announced that Rakuten Card, Inc will transfer all shares of Rakuten Securities, Inc and Rakuten Investment Management, Inc to the company, through the payment of dividends in kind.
Back in August, Rakuten Group also said that Rakuten Securities and Rakuten Investment Management will establish Rakuten Securities Holdings, Inc through a joint stock transfer. The parent company of Rakuten Securities etc will transfer from the company to Rakuten Securities Holdings effective on October 3, and Rakuten Group will prepare the listing of Rakuten Securities Holdings.
Rakuten Securities has steadily expanded its customer base while demonstrating synergies within the FinTech Company, and in June this year, the number of accounts exceeded 8 million, making it one of the largest Internet securities companies in Japan. Assets under management are steadily expanding.