It turned out that the major financial group "Mizuho Financial Group" decided to invest in the Internet securities giant "Rakuten Securities".
According to people involved, "Mizuho Financial Group" is making adjustments to acquire 20% of Rakuten Securities' shares next month through its subsidiary "Mizuho Securities".
The acquisition price is expected to be around 80 billion yen.
In the financial industry, "Sumitomo Mitsui Financial Group" also announced in June that it would invest in "SBI Holdings", the largest online securities company, and the major financial group and the online securities company, which is expanding the number of accounts mainly among the young generation, are collaborating. There is a growing movement to strengthen the securities business.