Sumitomo Mitsui Construction to delist after share consolidation

Sumitomo Mitsui Construction Co., Ltd. announced it will hold an extraordinary shareholders' meeting on November 18, 2025, to approve a share consolidation of 50,000,000 company shares into one share. This action, following a tender offer by INFRONEER Holdings Inc., will result in the company’s shares being delisted from the Tokyo Stock Exchange Prime Market on December 19, 2025. After the delisting, the company's shares will no longer be traded.

The share consolidation is contingent on approval at the extraordinary shareholders' meeting and aims to make INFRONEER Holdings Inc. the sole shareholder, ultimately privatizing the company. The tender offer price was JPY 600 per share. Concurrently, the company also resolved to cancel 5,792,948 shares of treasury stock on December 22, 2025, conditional on the share consolidation approval. This cancellation represents 3.56% of the issued shares before the cancellation, reducing total issued shares to 156,880,373 post-cancellation.

The extraordinary shareholders' meeting will also address the abolition of provisions concerning share unit numbers and related partial amendments to the articles of incorporation. These changes, including reducing the total number of authorized shares to 10, are expected to become effective on December 23, 2025, the same date as the share consolidation. This strategic move aims to enhance the company’s corporate value within the INFRONEER Group.