Daiwa House tender offer for Sumitomo Densetsu succeeds, delisting planned

Sumitomo Densetsu Co., Ltd. announced today the successful completion of a tender offer by Daiwa House Industry Co., Ltd. for its common stock. The tender offer, which commenced on October 31, 2025, concluded on December 15, 2025. A total of 14,389,928 shares were tendered, exceeding the minimum purchase threshold of 3,880,000 shares.

As a result, Daiwa House Industry Co., Ltd. will acquire all tendered shares and become a new major shareholder and affiliate of Sumitomo Densetsu. The settlement of the tender offer is scheduled for December 22, 2025, at which point Daiwa House Industry's voting rights ownership will reach 40.89%. The total acquisition price for the shares was JPY 140,445 million.

The successful completion of this tender offer means Sumitomo Densetsu shares will be delisted from the Prime Market of the Tokyo Stock Exchange through specified procedures. After delisting, the shares will no longer be tradable on the Prime Market. Future procedures and timing will be announced following consultations between the two companies.