Rakuten Securities, Mizuho Securities enter into strategic capital alliance
Rakuten Group, Inc. announces that Rakuten Securities Holdings, Inc., a consolidated subsidiary of the company, and Mizuho Securities Co., Ltd., have agreed to enter into a strategic alliance.
Bringing together strengths such as the ability of Rakuten Securities to attract customers from a wide range of generations, based on synergies with the Rakuten ecosystem and our online securities trading platform with excellent UI/UX, as well as strengths such as Mizuho Securities’ product appeal and comprehensive asset management consulting capabilities across banking, trust, and securities activities, the companies can jointly realize a “fully-fledged hybrid comprehensive asset management consulting service that meets the needs of all individual customers”.
In conjunction with this alliance, Rakuten Securities Holdings and Mizuho Securities concluded a share transfer agreement on October 7, 2022, and there will be a transfer of 19.99% Rakuten Securities’ common stock to Mizuho Securities.
After the share transfer, Rakuten Securities will remain a consolidated subsidiary of Rakuten Group and Rakuten Securities Holdings. In addition, Rakuten Securities Holdings and Mizuho Securities signed a shareholder agreement on the same date.
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.