It has been revealed that Rakuten Group has decided to undertake a large-scale reorganization of its financial business. The aim is to consolidate subsidiaries such as banks and credit card companies into one group to improve management efficiency and strengthen collaboration.
According to sources, the Rakuten Group is solidifying its policy of reorganizing its subsidiaries that conduct financial businesses such as banks, securities, and credit cards, and consolidating them into one group, with the aim of completing the move by October this year. .
It is expected that specific discussions will begin, centering on the idea of keeping Rakuten Bank listed and placing other subsidiaries under its umbrella.On the other hand, it is thought that consideration will be given to canceling the listing of its securities, which it had been aiming for. You can
Rakuten's financial results for the entire group have been in the red for five consecutive years, and while the company aims to bring its mobile phone business back into the black, which is the cause of this, the financial business continues to perform well.
Through this reorganization, we aim to improve management efficiency and strengthen cooperation between each subsidiary.
In the financial business, competition across industry boundaries is intensifying among companies against the backdrop of increased individual asset management and the spread of cashless payments. It also seems to have an impact.