Sumitomo Electric completes tender offer for Sumitomo Riko shares

Sumitomo Electric Industries, Ltd., the controlling shareholder of Sumitomo Riko Company Limited, has announced the successful completion of its tender offer for Sumitomo Riko's common shares. The offer, which ran from October 31, 2025, to December 15, 2025, aimed to acquire up to 51,289,700 shares at a price of 2,600 yen per common share.

The tender offer saw 43,319,442 shares tendered, significantly exceeding the minimum required number of 16,681,702 shares. As a result, Sumitomo Electric Industries, Ltd. will purchase all tendered shares. The ownership ratio of shares held by the tender offeror after the purchase increased to 91.36%, up from 49.64% prior to the offer.

Following this acquisition, Sumitomo Electric Industries, Ltd. intends to proceed with procedures to acquire all remaining Sumitomo Riko stock. This will lead to the delisting of Sumitomo Riko Company Limited from the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange. Settlement for the purchased shares is scheduled to commence on December 22, 2025.