Sumitomo acquires SCSK, divests power subsidiary stake

Sumitomo Corporation announced on October 29, 2025, that its wholly-owned subsidiary, SC Investments & Management Co., Ltd., will launch a tender offer to acquire all shares of SCSK Corporation not already held by Sumitomo Corporation. The tender offer period will run from October 30, 2025, to December 12, 2025, with an offer price of JPY 5,700 per share. The acquisition aims to enhance synergy and consolidate SCSK as a wholly-owned subsidiary, with the total acquisition cost estimated at approximately JPY 882.0 bn.

In related developments, Sumitomo Corporation also disclosed the transfer of a 50% equity interest in its specified subsidiary, Van Phong Power Company Limited. This divestiture will see 25% each transferred to EGAT International Company Limited and Aboitiz Power Corporation. The transfer is scheduled for fiscal year 2026 or later and follows an initial May 1, 2025, announcement. SCSK’s delisting from the Tokyo Stock Exchange is expected to follow the completion of the tender offer.