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Home › Companies › Rakuten Group, Inc. › 2024-2025

Rakuten Group, Inc. 2024-2025 Proxy Voting Records

At Rakuten Group, Inc.'s shareholder meeting held March 28, 2025, in the 2024-2025 proxy season, 63 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,291 separate fund positions. Their filings are grouped here into 23 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Amend Articles to Amend Business Lines — the reporting funds cast 100% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 23Reported items
  • 63Asset managers
  • 2,291Fund votes
  • March 28, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Rakuten Group, Inc. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Rakuten Group, Inc. in the interactive database Compare manager voting policies

How asset managers voted at the Rakuten Group, Inc. 2024-2025 meeting

Each item below shows how the 63 asset managers that disclosed a Rakuten Group, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Rakuten Group, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director Charles B. Baxter

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.5% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,410,147 for, 333,202 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,410,147AGAINST: 333,202
Largest asset managers voting on “Elect Director Charles B. Baxter” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable255,60199,352 00Mixed
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide50,51186,221 00Mixed

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

2. Elect Director Mikitani, Hiroshi

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

74% of fund votes cast · no official result

FORAGAINST
Details: votes by 47 asset managers

The 47 asset managers below reported 58,399,652 for, 20,343,697 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 58,399,652AGAINST: 20,343,697
Largest asset managers voting on “Elect Director Mikitani, Hiroshi” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity10,560,2411,597,600 00Mixed
Transamerica8,7006,894,000 00Against
Charles Schwab4,364,6420 00For
TIAA04,055,678 00Against
Goldman Sachs02,748,157 00Against
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS0790,625 00Against
Dimensional693,6160 00For
Franklin Templeton0658,100 00Against
Northern Trust0538,775 00Against
AQR0433,000 00Against
Equitable146,472208,481 00Mixed
AIG/SunAmerica0278,900 00Against
HC CAPITAL TRUST0275,400 00Against
Empower0244,900 00Against
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND0209,700 00Against
Legg Mason0160,300 00Against
Brighthouse0155,761 00Against
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide86,22150,511 00Mixed

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

3. Elect Director Hirose, Kenji

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,743,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,743,349
Largest asset managers voting on “Elect Director Hirose, Kenji” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

4. Elect Director Hyakuno, Kentaro

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,743,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,743,349
Largest asset managers voting on “Elect Director Hyakuno, Kentaro” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

5. Elect Director Sarah J. M. Whitley

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,743,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,743,349
Largest asset managers voting on “Elect Director Sarah J. M. Whitley” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

6. Elect Director Habuka, Shigeki

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,743,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,743,349
Largest asset managers voting on “Elect Director Habuka, Shigeki” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

7. Elect Director Ando, Takaharu

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.8% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,592,949 for, 150,400 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,592,949AGAINST: 150,400
Largest asset managers voting on “Elect Director Ando, Takaharu” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments0150,400 00Against
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

8. Elect Director Mitachi, Takashi

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,743,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,743,349
Largest asset managers voting on “Elect Director Mitachi, Takashi” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

9. Elect Director Tsedal Neeley

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 47 asset managers

The 47 asset managers below reported 78,743,349 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,743,349
Largest asset managers voting on “Elect Director Tsedal Neeley” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard37,190,4720 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
Charles Schwab4,364,6420 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Global X1,337,4320 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
Northern Trust538,7750 00For
AQR433,0000 00For
Equitable354,9530 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For
Lincoln Financial230,7000 00For
MML SERIES INVESTMENT FUND209,7000 00For
Legg Mason160,3000 00For
Brighthouse155,7610 00For
Voya154,3310 00For
Russell Investments150,4000 00For
Nationwide136,7320 00For

Showing the 25 largest of 47 asset managers. All 47 are in the interactive database (link above).

10. Appoint a Director Ando, Takaharu

No official resultsDIRECTOR ELECTIONS

89% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 38,427,785 for, 4,589,400 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 38,427,785AGAINST: 4,589,400
Largest asset managers voting on “Appoint a Director Ando, Takaharu” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan04,585,100 00Against
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National222,4204,300 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

11. Appoint a Director Charles B. Baxter

No official resultsDIRECTOR ELECTIONS

14% of fund votes cast · no official result

AGAINST
Details: votes by 19 asset managers

The 19 asset managers below reported 5,919,771 for, 37,097,414 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,919,771AGAINST: 37,097,414
Largest asset managers voting on “Appoint a Director Charles B. Baxter” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock031,531,800 00Against
JPMorgan04,585,100 00Against
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust0488,400 00Against
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust350,80087,500 00Mixed
Siren ETF Trust371,4600 00For
Jackson National214,10012,620 00Mixed
MASTER INVESTMENT PORTFOLIO0164,000 00Against
Allianz5,800116,700 00Against
Lincoln Financial063,000 00Against
GREEN CENTURY FUNDS59,7000 00For
Brighthouse042,394 00Against
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust05,900 00Against

12. Appoint a Director Habuka, Shigeki

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 43,017,185 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,017,185
Largest asset managers voting on “Appoint a Director Habuka, Shigeki” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National226,7200 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

13. Appoint a Director Hirose, Kenji

No official resultsDIRECTOR ELECTIONS

99% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 42,549,185 for, 468,000 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 42,549,185AGAINST: 468,000
Largest asset managers voting on “Appoint a Director Hirose, Kenji” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust0468,000 00Against
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National226,7200 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

14. Appoint a Director Hyakuno, Kentaro

No official resultsDIRECTOR ELECTIONS

99% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 42,549,185 for, 468,000 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 42,549,185AGAINST: 468,000
Largest asset managers voting on “Appoint a Director Hyakuno, Kentaro” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust0468,000 00Against
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National226,7200 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

15. Appoint a Director Mikitani, Hiroshi

No official resultsDIRECTOR ELECTIONS

97% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 41,576,460 for, 1,440,725 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 41,576,460AGAINST: 1,440,725
Largest asset managers voting on “Appoint a Director Mikitani, Hiroshi” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock97,600386,273 00Mixed
Amplify ETF Trust0468,000 00Against
Bridge Builder Trust87,500350,800 00Mixed
Siren ETF Trust371,4600 00For
Jackson National20,220206,500 00Mixed
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I029,152 00Against
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

16. Appoint a Director Mitachi, Takashi

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 43,017,185 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,017,185
Largest asset managers voting on “Appoint a Director Mitachi, Takashi” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National226,7200 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

17. Appoint a Director Sarah J. M. Whitley

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 43,017,185 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,017,185
Largest asset managers voting on “Appoint a Director Sarah J. M. Whitley” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National226,7200 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

18. Appoint a Director Tsedal Neeley

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 43,017,185 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,017,185
Largest asset managers voting on “Appoint a Director Tsedal Neeley” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock31,531,8000 00For
JPMorgan4,585,1000 00For
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust438,3000 00For
Siren ETF Trust371,4600 00For
Jackson National226,7200 00For
MASTER INVESTMENT PORTFOLIO164,0000 00For
Allianz122,5000 00For
Lincoln Financial63,0000 00For
GREEN CENTURY FUNDS59,7000 00For
Brighthouse42,3940 00For
GPS Funds I29,1520 00For
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust5,9000 00For

19. Amend Articles to Amend Business Lines

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 58 asset managers

The 58 asset managers below reported 115,854,964 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 115,854,964
Largest asset managers voting on “Amend Articles to Amend Business Lines” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard40,478,9720 00For
BlackRock31,531,8000 00For
Fidelity12,157,8410 00For
Transamerica6,902,7000 00For
JPMorgan4,585,1000 00For
TIAA4,055,6780 00For
Goldman Sachs2,748,1570 00For
State Street2,365,9000 00For
Columbia Threadneedle971,3000 00For
DWS790,6250 00For
Dimensional693,6160 00For
Franklin Templeton658,1000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Northern Trust538,7750 00For
Six Circles Trust488,4000 00For
John Hancock483,8730 00For
Amplify ETF Trust468,0000 00For
Bridge Builder Trust438,3000 00For
AQR433,0000 00For
Siren ETF Trust371,4600 00For
Equitable354,9530 00For
Lincoln Financial293,7000 00For
AIG/SunAmerica278,9000 00For
HC CAPITAL TRUST275,4000 00For
Empower244,9000 00For

Showing the 25 largest of 58 asset managers. All 58 are in the interactive database (link above).

20. Amendments to Articles

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 5,905,570 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,905,570
Largest asset managers voting on “Amendments to Articles” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,364,6420 00For
Global X1,337,4320 00For
Russell Investments150,4000 00For
Prudential/PGIM51,0960 00For
Adviser Managed Trust2,0000 00For

21. Approve Deep Discount Stock Option Plan

20% of fund votes cast · no official result

FORAGAINST
Details: votes by 42 asset managers

The 42 asset managers below reported 14,839,392 for, 57,998,387 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 14,839,392AGAINST: 57,998,387
Largest asset managers voting on “Approve Deep Discount Stock Option Plan” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard037,190,472 00Against
Fidelity10,560,2411,597,600 00Mixed
Transamerica06,902,700 00Against
TIAA4,055,6780 00For
Goldman Sachs02,748,157 00Against
State Street02,365,900 00Against
Columbia Threadneedle0971,300 00Against
DWS0790,625 00Against
Dimensional0693,616 00Against
Franklin Templeton0658,100 00Against
Northern Trust0538,775 00Against
AQR0433,000 00Against
Equitable99,352255,601 00Mixed
AIG/SunAmerica0278,900 00Against
HC CAPITAL TRUST0275,400 00Against
Empower0244,900 00Against
Lincoln Financial0230,700 00Against
MML SERIES INVESTMENT FUND0209,700 00Against
Legg Mason0160,300 00Against
Brighthouse0155,761 00Against
Voya0154,331 00Against
Nationwide86,22150,511 00Mixed
First Trust0135,373 00Against
New York Life0107,909 00Against
American Century0103,100 00Against

Showing the 25 largest of 42 asset managers. All 42 are in the interactive database (link above).

22. Approve Details of Compensation as Stock Options for Directors (Excluding Outside Directors)

81% of fund votes cast · no official result

FORAGAINST
Details: votes by 19 asset managers

The 19 asset managers below reported 34,856,846 for, 8,160,339 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 34,856,846AGAINST: 8,160,339
Largest asset managers voting on “Approve Details of Compensation as Stock Options for Directors (Excluding Outside Directors)” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock29,208,9002,322,900 00Mixed
JPMorgan04,585,100 00Against
Vanguard3,288,5000 00For
BAILLIE GIFFORD FUNDS628,1000 00For
Six Circles Trust488,4000 00For
John Hancock0483,873 00Against
Amplify ETF Trust468,0000 00For
Bridge Builder Trust87,500350,800 00Mixed
Siren ETF Trust371,4600 00For
Jackson National0226,720 00Against
MASTER INVESTMENT PORTFOLIO119,30044,700 00Mixed
Allianz116,7005,800 00For
Lincoln Financial063,000 00Against
GREEN CENTURY FUNDS59,7000 00For
Brighthouse042,394 00Against
GPS Funds I029,152 00Against
Pacer Funds Trust13,0860 00For
RBB FUND, INC.7,2000 00For
Forethought Variable Insurance Trust05,900 00Against

23. Amendment to the Equity Compensation Plan

100% of fund votes cast · no official result

FOR
Details: votes by 5 asset managers

The 5 asset managers below reported 5,905,570 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,905,570
Largest asset managers voting on “Amendment to the Equity Compensation Plan” at Rakuten Group, Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Charles Schwab4,364,6420 00For
Global X1,337,4320 00For
Russell Investments150,4000 00For
Prudential/PGIM51,0960 00For
Adviser Managed Trust2,0000 00For

Largest Rakuten Group, Inc. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top Rakuten Group, Inc. shareholders by shares voted on “Amend Articles to Amend Business Lines”, 2024-2025
#Asset manager Shares voted
1Vanguard 40,478,972
2BlackRock 31,531,800
3Fidelity 12,157,841
4Transamerica 6,902,700
5JPMorgan 4,585,100
6TIAA 4,055,678
7Goldman Sachs 2,748,157
8State Street 2,365,900
9Columbia Threadneedle 971,300
10DWS 790,625

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Rakuten Group, Inc. for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Rakuten Group, Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “Rakuten Group, Inc. 2025 Shareholder Meeting: Shareholder Vote Results”, https://proxyvotesnow.com/company/rakuten-group-inc/2025 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.