Sumitomo Electric launches tender offer for Sumitomo Riko

Sumitomo Electric Industries seeks to acquire all common stock of Sumitomo Riko Company Limited, excluding shares it already owns and treasury shares, with the intention of making it a wholly-owned subsidiary. The tender offer price is JPY 2,600 per share. The offer period will run for 30 business days, from October 31, 2025, to December 15, 2025.

The minimum number of shares to be purchased is 16,681,702 (16.07% ownership ratio). Sumitomo Electric Industries currently holds 52,755,324 shares of Sumitomo Riko, representing a 50.81% ownership ratio. This transaction is designed to deepen collaboration and integrate management resources, enhancing the corporate value of both companies.

The tender offer price represents a premium of 20.59% over Sumitomo Riko’s closing price on October 29, 2025. The Special Committee, comprising independent directors, deemed the offer fair and reasonable, ensuring fairness to general shareholders.