Mizuho Securities Co., Ltd. has strengthened its strategic capital and business alliance with Rakuten Securities Holdings, Inc. through a share transfer agreement, enhancing their collaborative efforts in providing integrated asset management services.

Information on the Target

Mizuho Financial Group, Inc. is a prominent financial institution headquartered in Chiyoda-ku, Tokyo, with Masahiro Kihara serving as its President and Group CEO. The group encompasses Mizuho Securities Co., Ltd., which focuses on financial instruments and services. Rakuten Securities Holdings, Inc., part of the Rakuten Group, aims to manage its subsidiaries effectively while expanding its influence in the financial sector.

On November 9, 2023, Mizuho Securities and Rakuten Securities Holdings agreed to bolster their strategic capital and business alliance. This partnership proceeds from an initial agreement made on October 7, 2022, intended to integrate their services and promote a new retail business model that synergizes online and offline asset management solutions.

Industry Overview in Japan

The financial services industry in Japan has been experiencing significant transformations, particularly as the country places increasing emphasis on moving savings to investments. With a rising number of retail investors and an expanded inte