Sumitomo Chemical Company, Limited
(Disclosure Progress) Notice on the Determination of the Share Exchange Ratio in the Simplified Share Exchange between Sumitomo Chemical Company, Limited and Tanaka Chemical Laboratory Co., Ltd.
Sumitomo Chemical will allocate 0.87 shares for each share of Tanaka Chemical, and plans to execute the share exchange using approximately 14,028,356 shares of treasury stock.
Key Figures
- Share Exchange Ratio: 0.87
- Number of Shares to be Delivered: 14,028,356 shares (using treasury stock)
- Average Price of Sumitomo Chemical Common Stock: 486 JPY (average closing price from January 13 to 16, 2026)
AI要約
Overview of the Share Exchange
Sumitomo Chemical Company, Limited has determined the share exchange ratio for the simplified share exchange with Tanaka Chemical Laboratory Co., Ltd. The share exchange ratio is set at 0.87 shares of Sumitomo Chemical’s common stock for each share of Tanaka Chemical’s common stock. The number of shares to be delivered is 14,028,356 shares, all of which will be from treasury stock. The share exchange ratio was calculated based on the average closing price of Sumitomo Chemical’s shares of 486 JPY from January 13 to 16, 2026.
Impact on Shareholders and Future Procedures
Tanaka Chemical plans to retire treasury stock by the day before the effective date of the share exchange, adjusting the number of issued shares accordingly. In the event of fractional shares, these will be sold and the proceeds paid out. Although Sumitomo Chemical shares will be delivered through the share exchange, the number of shares may be adjusted in the future due to acquisition or cancellation of treasury stock.
