Sumitomo Riko sets record date for potential shareholder meeting

Sumitomo Riko Company Limited has set December 23, 2025, as the record date for shareholders eligible to vote at a potential Extraordinary Shareholders Meeting in mid-February 2026. This decision, approved by the board on December 8, 2025, is a precautionary measure related to a tender offer for Sumitomo Riko's common stock by Sumitomo Electric Industries, Ltd., which began on October 31, 2025.

The Extraordinary Shareholders Meeting will be convened if Sumitomo Electric Industries and its wholly-owned subsidiaries acquire less than 90% of Sumitomo Riko's total voting rights through the tender offer. In this scenario, the meeting's agenda would include a share consolidation and a partial amendment to the company's articles of incorporation to abolish unit share provisions, contingent on the share consolidation's effectiveness.

Conversely, if Sumitomo Electric Industries and its wholly-owned subsidiaries acquire 90% or more of the voting rights, resulting in Sumitomo Electric Industries becoming a special controlling shareholder, they plan to exercise a demand for cash-out, acquiring all remaining shares from non-tendering shareholders. In this case, or if the tender offer is not successfully completed, Sumitomo Riko will not hold the Extraordinary Shareholders Meeting nor utilize the established record date.