Komori
M&A and Subsidiary Changes4755Rakuten Group,Inc.Information and Communications, Services and Others

Notice Regarding the Effectiveness of the Fintech Business Reorganization and Recognition of Corporate Income Tax Expense

The reorganization of the fintech business within the 楽天 Group took effect, and 楽天カード and 楽天証券ホールディングス became consolidated subsidiaries of 楽天銀行. In addition, approximately ¥23 billion in corporate income tax expense is expected to be recognized in the third quarter of the fiscal year ending December 2026 in connection with gains on the transfer of shares in 楽天ペイメント and other assets.

Worth reading
48Recurring
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
230
¥ million (corporate income tax expense)
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

The reorganization
Counterparty (target company)楽天カード株式会社, 楽天証券ホールディングス株式会社
Disclosing companyRakuten Group,Inc.
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Location Minato-ku, Tokyo (the location of 楽天銀行's head office)
Consideration and expenses
Amount of extraordinary income (loss)A gain on transfer was recognized, but the amount is Not disclosed. Approximately ¥23 billion in corporate income tax expense is expected to be recognized in the consolidated financial results for the third quarter of the fiscal year ending December 2026.
Impact on Business Performance

Approximately ¥23 billion in corporate income tax expense is expected to be recognized in the consolidated financial results for the third quarter of the fiscal year ending December 2026. The amount may change as a result of future accounting audits and other procedures.

Procedures and assumptions
Management structure after acquisition楽天カード株式会社 and 楽天証券ホールディングス株式会社 became consolidated subsidiaries of 楽天銀行. The corporate names, representatives and employee treatment are Not disclosed.
This transaction
ItemDetails
Transaction nameThe reorganization
Counterparty name楽天カード株式会社, 楽天証券ホールディングス株式会社
Name of the Subject Company楽天カード株式会社, 楽天証券ホールディングス株式会社
Location of the Subject CompanyMinato-ku, Tokyo (the location of 楽天銀行's head office)
Amount of extraordinary income (loss)A gain on transfer was recognized, but the amount is Not disclosed. Approximately ¥23 billion in corporate income tax expense is expected to be recognized in the consolidated financial results for the third quarter of the fiscal year ending December 2026.
Impact on Business PerformanceApproximately ¥23 billion in corporate income tax expense is expected to be recognized in the consolidated financial results for the third quarter of the fiscal year ending December 2026. The amount may change as a result of future accounting audits and other procedures.
Contract Date20 May 2026 (the date the final agreement was announced; the contract execution date is Not disclosed)
Execution Date / Effective Date1 October 2026 (effective date)
Management structure after acquisition楽天カード株式会社 and 楽天証券ホールディングス株式会社 became consolidated subsidiaries of 楽天銀行. The corporate names, representatives and employee treatment are Not disclosed.
Items this document does not state (23)
Business Description of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountDate of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The reorganization took effect. In addition, corporate income tax expense is expected to be recognized in connection with gains arising from the transfer of shares in 楽天ペイメント and other assets held by 楽天カード.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Effectiveness of the Fintech Business Reorganization and Recognition of Corporate Income Tax Expense | Rakuten Group,Inc. (4755) timely disclosure | Komori