Rakuten Group, Inc.
Notice Regarding Effectiveness of Fintech Business Restructuring and Recognition of Corporate Income Tax Expense
Rakuten Group reports the effectiveness of its fintech business restructuring. Rakuten Card and Rakuten Securities Holdings have become consolidated subsidiaries of Rakuten Bank. A gain on transfer arose in connection with the restructuring, and approximately 23,000 million yen of corporate income tax expense is expected to be recorded in the consolidated results for the third quarter of the fiscal year ending December 2026. The amount may change following subsequent audits and reviews.
Key Figures
- Corporate income tax expense: approx. 23,000 million yen
- Applicable period: Consolidated results for the third quarter of the fiscal year ending December 2026
- Gain on transfer: Occurred (eliminated in consolidation)
AI要約
Background and Overview of the Restructuring
As of today, the fintech business restructuring of Rakuten Group, Inc., which includes Rakuten Bank, Inc., has become effective. Rakuten Card, Inc. and Rakuten Securities Holdings, Inc. have become consolidated subsidiaries of Rakuten Bank. Businesses and assets excluded from the scope have completed transfer procedures.
Financial Impact and Future Outlook
As a result of the restructuring, Rakuten Card, Inc. transferred shares of Rakuten Payment, Inc., resulting in a gain on transfer. Accordingly, Rakuten Group, Inc. expects to record approximately 23,000 million yen of corporate income tax expense in the consolidated results for the third quarter of the fiscal year ending December 2026. The gain on transfer will be eliminated in consolidation, and the amount is a current estimate that may change in the future.
Rakuten Group, Inc.
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