Sumitomo Riko raises forecasts and interim dividend ahead of tender offer

Sumitomo Riko Company Limited revised its consolidated full-year financial results forecast for the fiscal year ending March 31, 2026. Net sales are now projected at JPY 620,000 million (up from JPY 615,000 million), with business profit at JPY 41,000 million (up from JPY 40,000 million), and profit attributable to owners of the parent company at JPY 21,200 million (up from JPY 20,500 million). This revision reflects fluctuations in net sales and profits, alongside additional business restructuring expenses during the second quarter.

The company's board of directors resolved to distribute an interim dividend of JPY 34.00 per share, an increase of JPY 4.00 from the previous forecast, with a record date of September 30, 2025. This decision follows consolidated results for the second quarter exceeding earlier projections. However, subject to the completion of Sumitomo Electric Industries' tender offer, Sumitomo Riko will issue no year-end dividends for the fiscal year ending March 31, 2026, as the tender offer purchase price of JPY 2,600 per share was determined assuming no year-end dividend. The company expects to be delisted and become a wholly-owned subsidiary of Sumitomo Electric Industries.