Rakuten Group solidifies policy for large-scale reorganization of 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.
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, the financial business continues to perform well. It is expected that specific discussions will begin, centering on the idea of keeping Rakuten Bank listed and placing other subsidiaries under its umbrella.