Yomiuri: Rakuten Group to Resume Talks Toward Reorganizing Fintech Businesses

By Hikaru Sunaga / Yomiuri Shimbun Staff Writer

Rakuten Group Inc. announced Wednesday that it will resume discussions toward the reorganization of the group's fintech businesses. It is considering integrating its online securities, credit card and smartphone payment businesses, centered around its listed subsidiary Rakuten Bank Ltd., by around October this year.

Rakuten Group intends to improve profitability by strengthening collaboration among its financial businesses and advancing cost reduction efforts.

Rakuten Securities Holdings Inc. and Rakuten Card Co. would become the subsidiaries of Rakuten Bank, establishing a structure for integrated management. Rakuten Bank is expected to remain listed.

As rising interest rates have increased funding costs, the group aims to curb these costs by enhancing the availability of Rakuten Bank. Collaboration would also be promoted in the utilization of AI.

Rakuten Group considered a similar reorganization in 2024, but abandoned it to prioritize strengthening ties with Mizuho Financial Group Inc. However, competition is currently intensifying, with telecom companies strengthening their financial businesses as seen in such moves as NTT Docomo Inc. making SBI Sumishin Net Bank Ltd. a subsidiary. Megabanks are also stepping up their financial services for individual customers.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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February 26, 2026 01:55 ET (06:55 GMT)

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Yomiuri: Rakuten Group to Resume Talks Toward Reorganizing Fintech Businesses

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