Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mikitani to Sell $328 Million Worth of Shares in Rakuten

Rakuten CEO Hiroshi Mikitani
Hiroshi Mikitani, chairman and chief executive officer of Rakuten Inc., is Japan’s third-richest individual with a net worth of $5.3 billion, according to the Bloomberg Billionaires Index. Photographer: Junko Kimura/Bloomberg

Rakuten Inc. President Hiroshi Mikitani and his wife Haruko, who own 43 percent of Japan’s biggest online retailer, plan to sell 36 million shares worth $328 million at yesterday’s price.

Sumitomo Mitsui Trust Bank Ltd. was hired to make the transaction, according to a filing with Japan’s Finance Ministry yesterday. The contract with the bank runs from Feb. 21 to Dec. 27, according to the filing, which didn’t say why the shares would be sold. A company spokeswoman declined to comment on the filing.

Rakuten had surged 24 percent in 2013 before today, the fourth best performer on the 60-member MSCI World Retail Index during the period, giving it a market value of 1.1 trillion yen ($12 billion). Mikitani is the largest stockholder with a 32.5 percent stake. He holds the shares directly and through his Tokyo-based consulting company Crimson Group. Haruko Mikitani owns about 11 percent, according to data compiled by Bloomberg.

The online retailer and Internet mall operator dropped 4.1 percent to 801 yen, the lowest in a month, as of the close in Tokyo trading today.

Mikitani is Japan’s third-richest individual with a net worth of $5.3 billion, according to the Bloomberg Billionaires Index. The 36 million shares the couple intend to sell would be worth about 30 billion yen at yesterday’s closing price.

Japan’s benchmark Nikkei 225 Stock Average has gained 10 percent this year, partly because a depreciating yen has boosted the value of exporters’ overseas earnings.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.