Rakuten Bank and Rakuten Payment Sign Reorganization Agreement

On May 20, 2026, Rakuten Group and Rakuten Bank announced a definitive integrated agreement to reorganize Rakuten Group's FinTech business. Under the plan, Rakuten Bank will conduct share deliveries to make Rakuten Card Co., Ltd. and Rakuten Securities Holdings, Inc. its subsidiaries. The boards of both Rakuten Group and Rakuten Bank approved the agreement at meetings held on the same day.

Shareholder approval is required at Rakuten Bank's 27th annual general shareholders' meeting, scheduled for Jun 24, 2026. Rakuten Bank also resolved to propose amendments to its Articles of Incorporation, including changes to its total number of authorized shares and the creation of Class A Non-voting Shares. These amendments would take effect simultaneously with the share deliveries.