Maintenance of the Capital and Business Alliance Relationship with Rakuten, Inc.
First written in FY2019. 9 of 10 entries say "Mitigated", first in FY2020-Q1. Latest entry: 2026-09-15.
The whole theme swung hardest in 2025: 2 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address this, under our alliance with Rakuten Group,Inc., we are working to deepen service links with Rakuten Points, Rakuten Card and Rakuten Pay, and to realise significant synergies through reciprocal customer referrals and joint product development.」
As a response to the risk that the alliance with Rakuten could be dissolved or reduced, we specified a policy of advancing service links with Rakuten Points, Rakuten Card and Rakuten Pay, reciprocal customer referrals and joint product development. - FY2026-H1MitigatedAnnual report
「While seeking to create synergies through collaboration, we have secured the independence of our management.」
While disclosing an agreement that includes Rakuten Group,Inc.'s right to nominate director candidates, we explained that our nominated directors constitute a majority of the Board of Directors and that we have established an Audit and Supervisory Committee and a Governance Committee with a majority of outside directors as grounds for securing independence. - FY2023MitigatedAnnual report
「No matters relating to our important management decisions require the Company's prior approval or prior reporting. In addition, transactions between us and the Company are conducted on general terms and conditions equivalent to those between independent third parties, ensuring our independence from the Company.」
While disclosing that Rakuten Group,Inc. holds 16.63% of the voting rights, we specified measures to maintain the alliance and secure independence by showing that no matters require prior approval or reporting and that transaction terms are equivalent to those between third parties. - FY2022MitigatedAnnual report
「In response, our Group will seek to contribute to the development of both parties by establishing a close and mutually beneficial cooperative relationship, including reciprocal coordination between Gurunavi members and Rakuten members and support for Rakuten's businesses from us under the capital and business alliance agreement.」
Regarding our relationship with Rakuten, we stated that Rakuten is our largest shareholder, holding 16.86% of our common shares, and that we maintain the cooperative relationship through reciprocal coordination between members and support for Rakuten's businesses. - FY2022-Q2MitigatedAnnual report
「On 25 August, we amended our capital and business alliance agreement with Rakuten and newly entered into a capital and business alliance agreement with SHIFT, Inc.」
We amended the capital and business alliance agreement with Rakuten and advanced the alliance into concrete business operations, including assuming the delivery and takeaway business from Rakuten and commencing its operation. - FY2020MitigatedAnnual report
「We have already established a close and mutually beneficial cooperative relationship with the Company, including reciprocal coordination between Gurunavi members and Rakuten members and the awarding of Rakuten Points when reservations are made. We therefore believe that the possibility of this relationship being dissolved in the future is extremely low.」
We have already established a cooperative relationship with Rakuten that includes reciprocal coordination between members and the awarding of Rakuten Points, and expressed the view that the possibility of dissolving the alliance is extremely low. - FY2020-Q1MitigatedAnnual report
「In May, the Company also entered into a new agreement with the other company to strengthen the capital and business alliance, further strengthening the collaborative framework.」
We entered into an agreement with Rakuten in May to strengthen the capital and business alliance and described measures to reinforce the alliance. - FY2019First statedAnnual report
「With the expectation of achieving significant synergies in the internet services business and thereby expanding and developing our Group's performance going forward, we have a capital and business alliance with Rakuten, Inc. (the “Company”). As of 31 May 2019, the Company was a major shareholder holding 14.4% of our total issued shares.」
While expressing expectations for synergies and performance growth from the capital and business alliance with Rakuten, we first identified as a separate risk the possibility that the loss of the relationship could affect business development and capital policy.