Sumitomo Electric Industries, Ltd. (TSE:5802) proposed to acquire an additional 49.4% stake in Sumitomo Riko Company Limited (TSE:5191) from a group of shareholders for approximately ¥130 billion on October 29, 2025. A cash consideration of ¥133.35 billion valued at ¥2600 per share will be paid by Sumitomo Electric Industries, Ltd for 51.2897 million. Upon completion, Sumitomo Electric Industries, Ltd. will own 99.04% stake in Sumitomo Riko Company Limited.

The transaction is subject to minimum tender of 16,681,702 shares. Sumitomo Electric Industries intends to proceed with Squeeze-Out if minimum tender is achieved. The transaction has been unanimously approved by target board. The Board of Directors of Sumitomo Riko Company Limited formed a special committee for the transaction. The expected completion of the transaction is December 15, 2025.

JPMorgan Securities Japan Co., Ltd. acted as financial advisor for Sumitomo Electric Industries, Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for special committee of Sumitomo Riko Company Limited. Anderson Mori & Tomotsune acted as legal advisor for Sumitomo Riko Company Limited. Daiwa Securities Capital Markets Co. Ltd. acted as fairness opinion provider for special committee of Sumitomo Riko Company Limited. Plutus Consulting Co., Ltd. acted as fairness opinion provider for special committee of Sumitomo Riko Company Limited.

Sumitomo Electric Industries, Ltd. (TSE:5802) completed the acquisition of additional 49.4% stake in Sumitomo Riko Company Limited (TSE:5191) from a group of shareholders on December 15, 2025. Minimum tender was achieved. DC Advisory Japan acted as financial advisor to Sumitomo Riko Company.