SCSK sets record date for potential extraordinary shareholder meeting

SCSK Corporation announced on November 28, 2025, that its board of directors resolved to establish December 19, 2025, as the record date for determining shareholders entitled to vote at a prospective extraordinary shareholders' meeting around February 2026. This decision prepares for potential procedures following a tender offer by SC Investments Management Inc., a wholly-owned subsidiary of Sumitomo Corporation.

The extraordinary meeting would address scenarios if the tender offer does not result in the tender offeror acquiring all SCSK shares or less than 90% of the voting rights. In such a case, proposals for a share consolidation and amendments to the articles of incorporation (to abolish the share unit provision) would be put to a vote. SCSK intends to announce further details if the meeting proceeds.

However, SCSK clarified that the extraordinary shareholders' meeting will not be held, and the record date will not be utilized, if the tender offer is not completed, or if the tender offeror acquires all SCSK shares and stock acquisition rights, or if they acquire 90% or more of SCSK's voting rights, leading to Sumitomo's exercise of a demand for share and stock acquisition rights cash-out. The stock acquisition rights referenced include those issued in June 2007 and June 2010.