Rakuten Abandons Plan to List Securities Unit on Tokyo Stock Exchange

The company will instead strengthen its partnership with Mizuho Securities as it works to manage significant debt from its mobile network expansion.

Rakuten Group has decided not to pursue an IPO for its securities division, Rakuten Securities Holdings, on the Tokyo Stock Exchange.
The company will focus on deepening collaboration with Mizuho Securities, which recently increased its stake in Rakuten Securities to 49%.
Rakuten has been raising funds through asset sales and partnerships to address debt tied to its mobile network launched in 2020.
In November 2024, Rakuten reported its first quarterly operating profit since 2020, driven by reduced losses in its mobile segment.
The company faces 400 billion yen in bond redemptions by the end of 2025, underscoring the importance of its financial restructuring efforts.