Mizuho-Rakuten Joint Venture Targets $355 Million in Managed Assets

Mizuho Financial Group and Rakuten have launched a joint venture, Mirai Wealth Partners, aiming to manage $355 million in assets. The venture will offer investment services to individuals and institutional investors, focusing on wealth management and asset management. Mizuho Financial Group is a Japan-based bank holding company, while Rakuten is an e-commerce company. The joint venture aims to leverage the expertise of both companies to provide innovative investment solutions.

Mizuho Financial Group and Rakuten have announced the launch of Mirai Wealth Partners, a joint venture aimed at managing $355 million in customer assets within its first five years of operations. The venture, established in April 2024, leverages the expertise of both companies to provide innovative investment solutions, focusing on wealth management and asset management.

Mirai Wealth Partners, with Mizuho Securities holding a 95% stake and Rakuten Securities owning the remaining 5%, aims to capitalize on growing demand for wealth management services in Japan. Inflation has eroded savings, and the government is encouraging household investment, with around half of assets lying in cash and deposits [1]. The recent market volatility, including tariffs announced by U.S. President Donald Trump, has also attracted new clients who previously invested independently through Rakuten Securities' online accounts.

The venture has already managed 3.5 billion yen ($25.3 million) in customer assets as of mid-April 2024. Online consultations, which make up 70% of the total, have proven popular among customers aged over 60. Mirai Wealth Partners has five financial advisers and plans to hire more staff as assets under management grow [1].

Webuy Global, another technology-driven company operating in the Southeast Asian market, has reported its FY2024 results, achieving its first-ever quarterly profit in Q4 2024. The company generated annual revenue of $58.3 million, maintaining stable performance across core verticals. Key achievements include a 30% reduction in operating expenses and the completion of a 1-for-120 reverse stock split in April 2025, positioning the company for potential Nasdaq relisting [2].

References:
[1] https://ca.finance.yahoo.com/news/mizuho-rakutens-advisory-venture-targets-080453084.html
[2] https://www.stocktitan.net/news/WBUY/