Daiwa House Industry Co., Ltd.
Notice Regarding the Result of Tender Offer for Shares of Sumitomo Densetsu Co., Ltd. (Securities Code: 1949) and Changes in Affiliates
Daiwa House Industry Co., Ltd. acquired 14,389,928 shares of common stock of Sumitomo Densetsu Co., Ltd. through a tender offer at 9,760 yen per share, raising its ownership ratio to 40.89%.
Key Figures
- Offeror: Daiwa House Industry Co., Ltd.
- Target Company: Sumitomo Densetsu Co., Ltd. (Securities Code: 1949)
- Purchase Price: 9,760 yen/share
- Number of Shares Acquired: 14,389,928 shares
- Change in Ownership Ratio: 0% → 40.89%
- Tender Offer Period: 2025-10-31 to 2025-12-15
- Purpose of TOB: Acquisition of all target shares (excluding treasury stock and shares subject to non-acceptance agreements)
AI要約
Overview of the Tender Offer
The offeror is Daiwa House Industry Co., Ltd., and the target company is Sumitomo Densetsu Co., Ltd. (Securities Code: 1949). The tendered shares are common stock, with a purchase price of 9,760 yen per share. The tender offer period is 30 business days from October 31, 2025, to December 15, 2025. The minimum number of shares planned for purchase is 3,880,000 shares, with no upper limit set. The total number of shares tendered was 14,389,928 shares, which exceeded the minimum purchase number; therefore, all tendered shares were purchased.
Purpose and Future Outlook
The purpose of this tender offer is to acquire all the target shares (excluding treasury stock and shares subject to non-acceptance agreements). The ownership ratio before the tender offer was 0%, and it increased to 40.89% after the tender offer. Going forward, the target shares are scheduled to be delisted from the Tokyo Stock Exchange Prime Market following due procedures in accordance with the delisting criteria. The change in affiliate status is expected to take effect as of December 22, 2025.
