Rakuten, Inc.: Group reorganization
Leading Japanese law firm Nishimura & Asahi advised Rakuten, Inc. (“Rakuten”) [TSE: 4755] on its group reorganization.
The Rakuten group currently offers over 70 diverse services, from internet services such as travel, digital content and communications, to fintech services such as credit cards, banking, securities, insurance, and electronic money. Rakuten’s global membership base now exceeds 1.2 billion members.
The group’s reorganization, through absorption-type corporate split transactions by which business divisions will succeed to Rakuten’s wholly-owned subsidiaries, is intended to clarify accountability, further improve efficiency and allow for overall optimization of resources, by putting in place a structure that will enable flexible decision-making and business execution.
The Nishimura & Asahi team advising Rakuten was led by corporate partners Tatsuya Tanigawa, Takuya Matsuo and Makoto Shimizu, working with the firm’s finance regulatory team lead by Yasutaka Nishikori and labour law team of Michihiro Mori.