Rakuten Securities becomes equity-method affiliate of Mizuho Securities
Rakuten announced today that the procedures for the transfer of partial shares of Rakuten Securities, Inc. to Mizuho Securities Co., Ltd. were completed on November 1, 2022.
As a result of this partial share transfer, the ownership ratio with voting rights in Rakuten Securities by Mizuho Securities is 19.99%, and Rakuten Securities became an equity-method affiliate of Mizuho Securities.
After this partial share transfer, Rakuten Securities will remain a consolidated subsidiary of Rakuten Group, Inc. and Rakuten Securities Holdings, Inc.
Rakuten and Mizuho announced their entry into a strategic capital alliance early in October 2022.
At present, the items to be considered for collaboration are as follows:
- Introduce a Mizuho comprehensive asset management consulting service, as a new option for asset formation and asset management services, to meet the wide range of needs and life plans of Rakuten Securities customers.
- Consign the sale of equities (IPO/PO) and bonds (primary products, foreign bonds, etc.) that are underwritten and arranged by Mizuho Securities to Rakuten Securities, aiming to further expand product options for customers of Rakuten Securities.
- Introduce products and services handled by Rakuten Securities to customers of Mizuho, including Mizuho Securities and Mizuho Bank, and contribute to individual financial asset building.