Strategic capital and business alliance between Mizuho Bank and Rakuten Bank,Ltd. and expected change in Rakuten Bank,Ltd.’s major shareholders
Mizuho Bank, Ltd.; Rakuten Bank,Ltd.
Corporate loans, project finance, payment and working-capital services for small corporations and sole proprietors, the mortgage business, and cash disbursement operations during emergencies
Intensifying competition for deposits accompanying the return to a world with interest rates, effective use of domestic funds, and the construction of a new credit-creation model by combining the strengths of Mizuho Bank and Rakuten Bank,Ltd.
The impact of this alliance on financial results is Not disclosed. The company states that only ¥2,908 million in expenses related to this restructuring has been provisionally included in the forecast for the fiscal year ending March 2027.
The fiscal period in which the impact of this alliance will be recognized is Not disclosed. For reference, ¥2,908 million in expenses related to this restructuring has been provisionally included in the forecast for the fiscal year ending March 2027.
The impact on the financial results of Mizuho Bank and Rakuten Bank,Ltd. is currently under review. The companies will promptly disclose any impact or other matters requiring disclosure once identified.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
Number of voting rights: —; number of shares held: —; ratio to total voting rights of all shareholders: —
235,596 voting rights (23,559,673 common shares), representing 10.52% of the total voting rights of all shareholders. The ratio is calculated based on the 1,744,488 total voting rights of all shareholders as of the end of March 2026, plus 494,191 voting rights attributable to 49,419,173 common shares.
The share delivery is scheduled to take effect and the alliance is scheduled to commence on 1 October 2026. The companies will consider specific areas of collaboration, including the acquisition of assets such as corporate loans, payment and working-capital services, operational efficiency improvements, and cash disbursements during emergencies.
The companies will promptly disclose any impact on financial results or other matters requiring disclosure once identified.
| Item | Details |
|---|---|
| Event name | Strategic capital and business alliance between Mizuho Bank and Rakuten Bank,Ltd. and expected change in Rakuten Bank,Ltd.’s major shareholders |
| Date of occurrence | 20 May 2026 (date of resolution to enter into the alliance and agreement signing). The alliance is scheduled to commence and the change in major shareholders is scheduled to take effect on 1 October 2026. |
| Subject Entity | Mizuho Bank, Ltd.; Rakuten Bank,Ltd. |
| Target Locations / Products | Corporate loans, project finance, payment and working-capital services for small corporations and sole proprietors, the mortgage business, and cash disbursement operations during emergencies |
| Cause | Intensifying competition for deposits accompanying the return to a world with interest rates, effective use of domestic funds, and the construction of a new credit-creation model by combining the strengths of Mizuho Bank and Rakuten Bank,Ltd. |
| Amount of Impact on Business Performance | The impact of this alliance on financial results is Not disclosed. The company states that only ¥2,908 million in expenses related to this restructuring has been provisionally included in the forecast for the fiscal year ending March 2027. |
| Accounting period in which recognized | The fiscal period in which the impact of this alliance will be recognized is Not disclosed. For reference, ¥2,908 million in expenses related to this restructuring has been provisionally included in the forecast for the fiscal year ending March 2027. |
| Impact on Earnings Forecast | The impact on the financial results of Mizuho Bank and Rakuten Bank,Ltd. is currently under review. The companies will promptly disclose any impact or other matters requiring disclosure once identified. |
| Voting rights ownership percentage before the change | Number of voting rights: —; number of shares held: —; ratio to total voting rights of all shareholders: — |
| Voting rights ownership percentage after the change | 235,596 voting rights (23,559,673 common shares), representing 10.52% of the total voting rights of all shareholders. The ratio is calculated based on the 1,744,488 total voting rights of all shareholders as of the end of March 2026, plus 494,191 voting rights attributable to 49,419,173 common shares. |
| Outlook | The share delivery is scheduled to take effect and the alliance is scheduled to commence on 1 October 2026. The companies will consider specific areas of collaboration, including the acquisition of assets such as corporate loans, payment and working-capital services, operational efficiency improvements, and cash disbursements during emergencies. |
| Planned follow-up disclosure | The companies will promptly disclose any impact on financial results or other matters requiring disclosure once identified. |
Items this document does not state (13)
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.As competition for deposits intensifies with the return to a world with interest rates, the companies aim to make more effective use of domestic funds and achieve an optimal balance between deposits and asset management. By combining the companies’ corporate customer bases, asset origination capabilities, and retail deposits linked to the Rakuten ecosystem, they aim to build a new credit-creation model and enhance corporate value.