Sumitomo Densetsu sets record date for potential shareholder meeting

Sumitomo Densetsu Co., Ltd. announced on November 28, 2025, that its board of directors has set December 23, 2025, as the record date for determining shareholders entitled to vote at a prospective extraordinary shareholders meeting. This meeting is anticipated for early February 2026. The announcement follows a prior disclosure on October 30, 2025, regarding a tender offer by Daiwa House Industry Co., Ltd. for Sumitomo Densetsu shares.

The potential extraordinary general meeting would address a proposed share consolidation and an amendment to the articles of incorporation to abolish the unit share system, contingent on the tender offer's completion. The aim is to make Sumitomo Densetsu a private company, with share ownership consolidated to Daiwa House Industry and Sumitomo Electric Industries. Both parties intend to approve these proposals.

However, the meeting and record date will be canceled if the tender offer is unsuccessful or if Daiwa House Industry acquires all Sumitomo Densetsu shares (excluding treasury stock and shares held by Sumitomo Electric Industries) through the offer. Further details on the meeting's date, time, location, and agenda will be disclosed if it proceeds.