Rakuten Group Management

Management criteria checks 3/4

Rakuten Group's CEO is Mickey Mikitani, appointed in Feb 1997, has a tenure of 27.75 years. directly owns 27.75% of the company’s shares, worth €3.26B. The average tenure of the management team and the board of directors is 6 years and 4.7 years respectively.

Key information

Mickey Mikitani

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	27.8yrs
CEO ownership	27.8%
Management average tenure	6yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mickey Mikitani's remuneration changed compared to Rakuten Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-JP¥281b
Jun 30 2024	n/a	n/a	-JP¥275b
Mar 31 2024	n/a	n/a	-JP¥299b
Dec 31 2023	n/a	n/a	-JP¥339b
Sep 30 2023	n/a	n/a	-JP¥323b
Jun 30 2023	n/a	n/a	-JP¥336b
Mar 31 2023	n/a	n/a	-JP¥364b
Dec 31 2022	n/a	n/a	-JP¥373b
Sep 30 2022	n/a	n/a	-JP¥300b
Jun 30 2022	n/a	n/a	-JP¥245b
Mar 31 2022	n/a	n/a	-JP¥200b
Dec 31 2021	JP¥170m	JP¥10m	-JP¥134b
Sep 30 2021	n/a	n/a	-JP¥135b
Jun 30 2021	n/a	n/a	-JP¥152b
Mar 31 2021	n/a	n/a	-JP¥104b
Dec 31 2020	n/a	n/a	-JP¥114b
Sep 30 2020	n/a	n/a	-JP¥89b
Jun 30 2020	n/a	n/a	-JP¥160b
Mar 31 2020	n/a	n/a	-JP¥172b
Dec 31 2019	JP¥196m	JP¥15m	-JP¥32b
Sep 30 2019	n/a	n/a	JP¥20b
Jun 30 2019	n/a	n/a	JP¥178b
Mar 31 2019	n/a	n/a	JP¥230b
Dec 31 2018	JP¥145m	JP¥34m	JP¥142b

Compensation vs Market: Insufficient data to establish whether Mickey's total compensation is reasonable compared to companies of similar size in the Austrian market.

Compensation vs Earnings: Mickey's compensation has been consistent with company performance over the past year.

CEO

Mickey Mikitani (59 yo)

27.8yrs

Tenure

JP¥170,000,000

Compensation

Mr. Hiroshi Mikitani, also known as Mickey, serves as Vice-Chairman of Rakuten Medical, Inc. and had been Chief Executive Officer since November 2018 until November 2022. He served as Co-Chief Executive Of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hiroshi Mikitani	Founder	27.8yrs	JP¥170.00m	27.75% € 3.3b
Kentaro Hyakuno	Group Executive VP	8.6yrs	JP¥103.00m	0.014% € 1.7m
Kenji Hirose	Group Executive VP	6.6yrs	no data	0.0019% € 228.8k
Akihito Kurozumi	Group Senior Managing Executive Officer	1.8yrs	no data	no data
Kyoko Altman	Executive Officer & GM of Investor Relations Department	no data	no data	no data
Tomotaka Torin	Group Managing Executive Officer & Chief Compliance Officer	2.8yrs	no data	no data
Naho Kono	Group Executive VP & Chief Marketing Officer	6yrs	no data	no data
Masatada Kobayashi	Chief Well-Being Officer & Group Managing Executive Officer	18.6yrs	no data	no data
Hiroshi Takasawa	Group Executive VP	8.6yrs	no data	no data
Koichi Nakamura	Group Managing Executive Officer	5.8yrs	no data	no data
Kazuhiko Kasahara	Group Managing Executive Officer	5.8yrs	no data	no data
Ryo Matsumura	Group Managing Executive Officer and SVP of Commerce & Marketing Company	2.8yrs	no data	no data

6.0yrs

Average Tenure

58yo

Average Age

Experienced Management: RAK's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hiroshi Mikitani	Founder	27.8yrs	JP¥170.00m	27.75% € 3.3b
Kentaro Hyakuno	Group Executive VP	3.7yrs	JP¥103.00m	0.014% € 1.7m
Kenji Hirose	Group Executive VP	1.8yrs	no data	0.0019% € 228.8k
Kazunori Takeda	Group Executive VP	1.8yrs	no data	0.00046% € 54.0k
Jun Murai	Outside Independent Director	12.7yrs	no data	0.00042% € 49.3k
Sarah Jane Mackay Whitley	Outside Independent Director	5.7yrs	no data	no data
Takashi Mitachi	Outside Independent Director	8.7yrs	no data	no data
Charles B. Baxter	Outside Independent Director	13.7yrs	no data	0.00084% € 98.6k
Takaharu Ando	Outside Independent Director	1.7yrs	no data	no data
Masayuki Hosaka	Executive Vice Chairman	10.7yrs	JP¥232.00m	0.0053% € 616.1k
Shigeki Habuka	Outside Independent Director	1.7yrs	no data	no data
Tsedal Neeley	Outside Independent Director	1.7yrs	no data	no data

4.7yrs

Average Tenure

64.5yo

Average Age

Experienced Board: RAK's board of directors are considered experienced (4.7 years average tenure).

Rakuten Group Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

Less than half of directors are independent

Rakuten Group, Inc., Annual General Meeting, Mar 30, 2023

Rakuten Group, Inc. Appoints Kentaro Hyakuno as Representative Director

Recent updates

Mizuho Financial Group, Inc. (TSE:8411) agreed to acquire 14.99% stake in Rakuten Card Co.,Ltd. from Rakuten Group, Inc. (TSE:4755) for approximately ¥170 billion.

Third quarter 2024 earnings released: JP¥34.60 loss per share (vs JP¥32.00 loss in 3Q 2023)

Mizuho Financial Group, Inc. (TSE:8411) agreed to acquire 14.99% stake in Rakuten Card Co.,Ltd. from Rakuten Group, Inc. (TSE:4755).

Rakuten Group, Inc. to Report Q4, 2024 Results on Feb 13, 2025

Second quarter 2024 earnings released: JP¥15.63 loss per share (vs JP¥32.27 loss in 2Q 2023)

Rakuten Group, Inc. to Report Q3, 2024 Results on Nov 13, 2024

New major risk - Share price stability

First quarter 2024 earnings released: JP¥19.78 loss per share (vs JP¥51.89 loss in 1Q 2023)

Rakuten Group, Inc. to Report Q2, 2024 Results on Aug 09, 2024

Port Inc. (TSE:7047) completed the acquisition of Employment information community site business of Rakuten Group.

Rakuten Group, Inc. to Report Q1, 2024 Results on May 14, 2024

Full year 2023 earnings released: JP¥177 loss per share (vs JP¥235 loss in FY 2022)

Rakuten Group, Inc. Resolves Not to Pay Dividend for Fiscal Year 2023

Third quarter 2023 earnings released: JP¥32.00 loss per share (vs JP¥51.30 loss in 3Q 2022)

Rakuten Group, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Rakuten Group, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Second quarter 2023 earnings released: JP¥32.27 loss per share (vs JP¥53.72 loss in 2Q 2022)

Rakuten Group, Inc. has completed a Follow-on Equity Offering in the amount of ¥230.387696 billion.

Rakuten Group, Inc. has completed a Follow-on Equity Offering in the amount of ¥272.387557 billion.

First quarter 2023 earnings released: JP¥51.89 loss per share (vs JP¥57.76 loss in 1Q 2022)

Rakuten Group, Inc. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023

High number of new directors

Less than half of directors are independent

Full year 2022 earnings released: JP¥235 loss per share (vs JP¥87.62 loss in FY 2021)

Rakuten Group, Inc. to Report Q1, 2023 Results on May 12, 2023

Rakuten Group, Inc., Annual General Meeting, Mar 30, 2023

Third quarter 2022 earnings released: JP¥51.29 loss per share (vs JP¥16.98 loss in 3Q 2021)

Rakuten Group, Inc. to Report Q4, 2022 Results on Feb 14, 2023

Rakuten Group, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Mizuho Reportedly to Buy 20% of Rakuten Securities

Second quarter 2022 earnings released: JP¥53.72 loss per share (vs JP¥25.55 loss in 2Q 2021)

Rakuten Group, Inc. to Report Q3, 2022 Results on Nov 11, 2022

Rakuten Group, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

First quarter 2022 earnings released: JP¥57.76 loss per share (vs JP¥18.37 loss in 1Q 2021)

Rakuten Group, Inc. to Report Q2, 2022 Results on Aug 10, 2022

Rakuten Group, Inc. (TSE:4755) acquired SKYESTATE Inc.

Rakuten Group, Inc. Appoints Kentaro Hyakuno as Representative Director

Forecast breakeven date pushed back to 2024

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Rakuten Group, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Rakuten Group, Inc. to Report Q1, 2022 Results on May 13, 2022

Third quarter 2021 earnings released: JP¥16.98 loss per share (vs JP¥32.50 loss in 3Q 2020)

Second quarter 2021 earnings released: JP¥25.55 loss per share (vs JP¥5.77 profit in 2Q 2020)

Gurunavi, Inc. (TSE:2440) completed the acquisition of Rakuten Delivery and Rakuten Realtime Takeout business from Rakuten Group, Inc. (TSE:4755).

First quarter 2021 earnings released: JP¥18.37 loss per share (vs JP¥26.03 loss in 1Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age