Sumitomo Riko to delist after Sumitomo Electric's tender offer

Sumitomo Riko Company Limited announced that its controlling shareholder, Sumitomo Electric Industries, Ltd., will demand a share cash-out at 2,600 yen per common share, following the successful completion of a tender offer. Sumitomo Electric and its subsidiaries now hold 95,853,740 shares, representing a 92.32% shareholding ratio, of Sumitomo Riko. The company's board of directors approved the share cash-out demand today, December 23, 2025.

As a result, Sumitomo Riko's stock will be delisted from the Tokyo Stock Exchange (TSE) and Nagoya Stock Exchange (NSE) on January 29, 2026, with the final trading date on January 28, 2026. This move follows negotiations that increased the tender offer price from an initial 2,300 yen to 2,600 yen, a price deemed fair by independent advisors, and aims to enhance Sumitomo Riko's corporate value.

Consequently, Sumitomo Riko also announced the cancellation of a previously set record date and the decision not to hold an Extraordinary Shareholders Meeting, as the ownership threshold for a share cash-out has been met.