Rakuten : Notice of Dividends of Surplus

At the Board of Directors meeting today, Rakuten, Inc., (hereinafter 'the Company'), resolved to distribute dividends of surplus with record date of December 31, 2019.

1. Description of dividends

	Resolution	Current Dividend Forecast	Fiscal 2018
Record date	December 31, 2019	December 31, 2019	December 31, 2018
Dividend per share	4.50 yen	Not decided	4.50 yen
Total Dividend Amount	6,103 million yen	―	6,084 million yen
Effective date	March 13, 2020	―	March 11, 2019
Dividend source	Retained earnings	―	Retained earnings

1. Reason
   The Company's basic policy for shareholder returns is to return profits with due consideration to ensuring sufficient internal reserves for the purpose of stabilizing investment funds and financial base with a view to the medium-to long-term growth, and to strive to pay a stable and sustainable dividend per share.

   For the current fiscal year, the Company decided to pay dividend of 4.5 yen per share, with the resolution of the Meeting of the Board of Directors held today, in accordance with the aforementioned basic policy.