Reported about 12 hours ago
Rakuten Group Inc. has decided against listing its securities division on the Tokyo Stock Exchange, opting instead to strengthen its partnership with Mizuho Securities Co. Initially planning an IPO for Rakuten Securities Holdings Inc. to stabilize its finances following challenges in the competitive mobile carrier sector, the company had already retracted its listing application. However, after reporting its first quarterly operating profit since 2020, Rakuten's mobile segment has become profitable, as stated by founder Hiroshi Mikitani.
Source: YAHOO