Mon, February 06, 2023

Rakuten Securities Approved to Become a Public Company

Broker News

Rakuten Securities, one of the largest online brokerages in Japan, has been approved to become a public company. The move was after the Rakuten Group board approved the move in a meeting on Monday. 

This is a significant development for the Rakuten Group, which has been working on expanding its FinTech business in recent years.

The move will provide the brokerage division more autonomous perspective and allow its management to consider various growth and financing strategies.

It may also determine its own financing as a public company. The growth of Rakuten Securities has accelerated at a massive pace since 1999.

The listing of Rakuten Securities will allow the company to raise capital to invest in further growth. Consolidated annual revenue for 2021 came in at 89.5 billion yen, almost 24% higher than the previous year and nearly 60% up from 2019.

The ordinary income jumped to 16.4 billion yen last year, up from 15.2 billion yen in 2020 and 10.2 billion yen in 2019.

Consideration of Restructuring

The board of Rakuten Securities has approved the consideration of restructuring the organization and capital for creditworthiness and financial soundness. The primary aim of this decision is to increase growth and create more value for shareholders.

Rakuten Securities is preparing for a public listing, though the company has not yet set a date for the listing. 

The success of the listing will depend on the examination process, which is still ongoing. So the company will disclose its listing based on the progress.



Shiba Inu: What’s Happening? Even if the overall cryptocurrency market on Thursday

Oil prices and interesting details

So far, sanctions on Russian crude oil have “completely failed,” and new

SEC Probe into WhatsApp Intensifies

As part of a broader investigation into Wall Street’s use of unofficial


Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
  • Platform
  • Spreads
  • Trading Instument