Japan Post Holdings Co. Ltd, Japan Post Co., Ltd, and Rakuten Inc. have signed a business alliance agreement to strengthen their collaborations, according to press release. The collaborations cut across various fields such as logistics, mobile, and digital transformation.
Japan Post Holdings and Rakuten also agreed for the allotment of shares through an investment in Rakuten by Japan Post Holdings to strengthen ties between the Japan Post Group and the Rakuten Group.
Through the business alliance, the Japan Post Group and Rakuten Group will seek to maximize synergies by leveraging the combined business resources and expertise
Both Groups will continue to explore the broader potential for deepening their collaborative relationship.
Japan Post Holdings and Rakuten Group stocks are currently gaining. 6178: TYO is up 4.89%, 4755: TYO is up 8.64%.
