Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
10.52
%Wording
Avoiding a definitive answer
How definitive the wording is.Agreements reached under this partnership
Capital and Business Alliance8411Mizuho Financial Group,Inc.
Alliance partnerMizuho Bank, Ltd. / Rakuten Bank,Ltd.
Details of the alliance
- 1
Stable acquisition by Rakuten Bank,Ltd. of receivables and other assets originated by Mizuho Bank
- 2
Collaboration in addressing payment and working capital needs of small corporate and individual business customers
- 3
Collaboration to improve operational efficiency
- 4
Collaboration relating to Rakuten Bank,Ltd.'s cash disbursement operations during emergencies
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Capital and personnel relationships
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
10.52%Our ownership stake in the partner’s shares
Number of shares acquired23,559,673 Rakuten Bank,Ltd. Class A shares, scheduled to be converted into common shares. Following the change, the 23,559,673 common shares will represent 10.52% of the voting rights of all shareholders
Shareholding PolicyFrom completion of the share delivery until termination of this agreement, Mizuho Bank may not transfer, succeed to, pledge or otherwise dispose of its shares without Rakuten Bank,Ltd.'s prior written consent. Mizuho Bank's acquisition of Rakuten Bank,Ltd. shares or other securities will also be restricted.
Change in major shareholdersMizuho Bank: — → Mizuho Bank: 235,596 units (23,559,673 common shares), 10.52%（10.52％）
About the partner
Business DescriptionDeposit-taking, lending, trading of securities, securities investment, domestic exchange transactions, corporate bond trustee and registration services, and ancillary services / Banking through electronic media
LocationChiyoda-ku, Tokyo / Minato-ku, Tokyo
Share capital¥1,404 billion (as of 31 March 2026) / ¥32,643 million
Impact on Business Performance
The impact on the financial results of Mizuho Bank and Rakuten Bank,Ltd. is currently under review. The companies will promptly disclose any material impact or other matters requiring disclosure once identified.
Date of board resolution20 May 2026Contract Date20 May 2026Alliance start date1 October 2026 (scheduled)Share Acquisition Date and Payment Date1 October 2026 (the scheduled effective date of the share delivery)Contract PeriodFrom completion of the share delivery until termination of this agreement, transfers and other dispositions of Mizuho Bank's shares will be restricted. During the term of the agreement, Mizuho Bank will be prohibited from acquiring additional Rakuten Bank,Ltd. shares or other securities. The specific expiration date of the agreement is Not disclosed.
| Item | Details |
|---|---|
| Name of alliance partner | Mizuho Bank, Ltd., Rakuten Bank,Ltd. |
| Alliance partner's business activities | Deposit-taking, lending, trading of securities, securities investment, domestic exchange transactions, corporate bond trustee and registration services, and ancillary services, Banking through electronic media |
| Alliance partner's location | Chiyoda-ku, Tokyo, Minato-ku, Tokyo |
| Alliance partner's capital | ¥1,404 billion (as of 31 March 2026), ¥32,643 million |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Stable acquisition by Rakuten Bank,Ltd. of receivables and other assets originated by Mizuho Bank, Collaboration in addressing payment and working capital needs of small corporate and individual business customers, Collaboration to improve operational efficiency, Collaboration relating to Rakuten Bank,Ltd.'s cash disbursement operations during emergencies |
| Number of shares acquired | 23,559,673 Rakuten Bank,Ltd. Class A shares, scheduled to be converted into common shares. Following the change, the 23,559,673 common shares will represent 10.52% of the voting rights of all shareholders |
| Shareholding ratio | Not disclosed → 10.52％ |
| Contract Period | From completion of the share delivery until termination of this agreement, transfers and other dispositions of Mizuho Bank's shares will be restricted. During the term of the agreement, Mizuho Bank will be prohibited from acquiring additional Rakuten Bank,Ltd. shares or other securities. The specific expiration date of the agreement is Not disclosed. |
| Shareholding Policy | From completion of the share delivery until termination of this agreement, Mizuho Bank may not transfer, succeed to, pledge or otherwise dispose of its shares without Rakuten Bank,Ltd.'s prior written consent. Mizuho Bank's acquisition of Rakuten Bank,Ltd. shares or other securities will also be restricted. |
| Date of board resolution | 20 May 2026 |
| Contract Date | 20 May 2026 |
| Alliance start date | 1 October 2026 (scheduled) |
| Share Acquisition Date and Payment Date | 1 October 2026 (the scheduled effective date of the share delivery) |
| Impact on Business Performance | The impact on the financial results of Mizuho Bank and Rakuten Bank,Ltd. is currently under review. The companies will promptly disclose any material impact or other matters requiring disclosure once identified. |
| Change in major shareholders | Mizuho Bank: — → Mizuho Bank: 235,596 units (23,559,673 common shares), 10.52%（10.52％） |
Items this document does not state (7)
Alliance partner's net salesAlliance partner's operating incomeAcquisition priceOverview of the joint ventureOwnership ratioDispatch of directors and officersNumerical targets under the alliance
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.To combine the strengths of both companies to build a new credit creation model, strengthen Mizuho Bank's origination capabilities and diversify Rakuten Bank,Ltd.'s investment assets.
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