Mizuho to buy 20% of Rakuten Securities for $555m in digital push

Japanese financial group aims to capture young investors, improve online services

Mizuho Securities will purchase Rakuten Securities shares held by Rakuten Group.

Nikkei staff writers

October 5, 2022 17:00 JST

TOKYO -- Mizuho Financial Group is set to invest in Rakuten Securities through its subsidiary Mizuho Securities. Mizuho will acquire about 20% of the company's shares and become subject to the equity method. The deal is estimated to cost about 80 billion yen ($555 million).