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Rakuten subsidiaries, Inc. and Soukai Drug Co., Ltd. to merge

Tokyo, 2017-Apr-03 — /EPR Retail News/ — Rakuten, Inc. today (March 31, 2017) announced that its wholly-owned subsidiaries, Inc. and Soukai Drug Co., Ltd. will be merged on July 1, 2017. Following this merger, Noriaki Komori will assume on the role of Representative Director & CEO at the new company.

Both companies are e-commerce businesses selling daily necessities, and both have stores on Rakuten’s internet shopping mall, Rakuten Ichiba. The merger will unify the two companies, which have highly similar business structures, to enable more efficient operations and further enhance the Rakuten Ichiba customer experience.

Rakuten Group will continue to streamline management resources and strengthen operation fundamentals in order to provide the best possible service to users.

Summary of merger

(1)   Schedule

Merger resolution at the shareholders’ meeting:, Inc.: March 31, 2017
Soukai Drug Co., Ltd.: March 27, 2017
Date of merger: July 1, 2017 (scheduled)

(2) Merger method will be the surviving company under absorption-type merger, and Soukai Drug Co., Ltd. will be absorbed.
Overview of companies in merger

Company name, Inc.
(Company surviving absorption-type merger)
Soukai Drug Co., Ltd.
(Company absorbed in absorption-type merger)
Address 1-15-6 Tenjin

Chuo-ku, Fukuoka-shi


Kojimachimitsuba Bldg. 1F

3-5 Niban-cho, Chiyoda-ku


Name, title of representative Shunsuke Yazawa, Representative Director & CEO Noriaki Komori, Representative Director & CEO
Main business E-commerce, handling daily necessities with a focus on health-related products E-commerce, handling a wide range of products with a focus on daily necessities
Date of establishment November 8, 1994 August 11, 2000
Main shareholders Rakuten, Inc. 100% Rakuten, Inc. 100%

Post-merger details (following scheduled date of July 1, 2017)

Company name To be determined
Address To be determined
Name, title of representative Noriaki Komori, Representative Director & CEO
Main business Services relating to the sale of daily necessities through e-commerce

Source: Rakuten Inc.

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