TOKYO, Jun 09 (Pulse News Wire) – Rakuten Bank,ltd. The update includes additional explanations on Class A shares and earnings per share (EPS) forecasts.
Class A shares, which lack voting rights but offer economic benefits equivalent to common shares, will partially convert to common shares post-delivery. Rakuten Group plans to convert 25,859,500 out of 26,339,500 received shares, maintaining their voting rights ratio. Mizuho Bank intends to immediately convert all received shares.
Regarding future conversion risks, the agreement limits conversions to maintain voting rights ratios, controlling potential dilution. Rakuten chose the Class A structure to meet Prime Market listing requirements without reducing float ratios. The bank targets a consolidated EPS exceeding pre-reorganization levels by fiscal 2030, aiming for ordinary profit growth amid diversified revenue streams.
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