Sumitomo Electric completes tender offer for Sumitomo Riko

Sumitomo Electric Industries, Ltd. has successfully completed its tender offer for shares of Sumitomo Riko Company Limited, which concluded on December 15, 2025. The tender offeror acquired 43,319,442 shares at JPY 2,600 per common share, exceeding the minimum purchase requirement of 16,681,702 shares. This brings Sumitomo Electric's ownership ratio to 91.36% after the purchase, up from 49.64% before the purchase.

The total number of voting rights attached to shares owned by the tender offeror before the purchase was 515,349, representing an ownership ratio of 49.64%. Following the tender offer, this increased to 948,543 voting rights, or 91.36%. The settlement date for the purchase is set for December 22, 2025.

Sumitomo Electric Industries intends to proceed with procedures to acquire all remaining Sumitomo Riko Company Limited shares, excluding those directly owned by the tender offeror and treasury shares. This action will result in the delisting of Sumitomo Riko's stock from the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange.