Sumitomo Mitsui Construction shareholders approve delisting plan

Sumitomo Mitsui Construction Co., Ltd. announced on November 18, 2025, that its extraordinary general meeting of shareholders approved a share consolidation, the abolishment of provisions concerning the number of shares per unit, and partial amendments to its articles of incorporation. As a result, the company's common stock will be designated as a "security to be delisted" from November 18, 2025, until December 18, 2025, and is scheduled to be delisted from the Tokyo Stock Exchange's Prime Market on December 19, 2025.

The share consolidation will merge 50,000,000 shares of the company's stock into one share. This will reduce the total number of outstanding shares from 156,880,373 shares to 3 shares after the consolidation takes effect. The consolidation is part of a transaction intended to make the company's shares private, with Infroneer Holdings Corporation as the sole shareholder.

Shareholders holding less than one share after the consolidation will have their fractional shares sold, with the proceeds distributed proportionally. The sale price is expected to be JPY600 per share, equivalent to the public tender offer price. The effective date for the share consolidation is scheduled for December 23, 2025.