Sumitomo Electric launches tender offer for Sumitomo Riko

Sumitomo Electric Industries currently holds 49.64% of Sumitomo Riko directly, and an additional 1.18% indirectly, making Sumitomo Riko a consolidated subsidiary with 50.81% total ownership. Sumitomo Electric intends to acquire all remaining shares, excluding those already held and treasury stock, to make it a wholly-owned subsidiary.

The tender offer price is JPY2,600 per common share. This represents a premium of 20.59% over Sumitomo Riko's closing price on October 29, 2025, and a 35.70% premium over the six-month average closing price. The offer period is scheduled from October 31, 2025, to December 15, 2025. Sumitomo Riko's board of directors supports the tender offer and recommends shareholders apply.