Sumitomo Corporation
Notice Regarding the Results of the Tender Offer for Treasury Stock
Sumitomo Corporation acquired approximately JPY 55.9 billion worth of treasury stock through a tender offer under the treasury stock acquisition program capped at JPY 80 billion, purchasing 7,120,575 shares. The tender offer period was from August 1, 2025 to September 1, 2025.
Key Figures
- Treasury Stock Acquisition Limit (Number of Shares): Up to 35,000,000 shares (approximately 2.9% of total issued shares)
- Treasury Stock Acquisition Limit (Total Purchase Amount): Up to JPY 80 billion
- Number of Shares Purchased through Tender Offer: 7,120,575 shares (number tendered equal to shares purchased)
AI要約
Overview of Capital Policy
Based on the resolution of the Board of Directors on May 1, 2025, Sumitomo Corporation decided to acquire treasury stock pursuant to the Companies Act and the Articles of Incorporation, and at the Board meeting on July 31, 2025, resolved to implement the acquisition method as a tender offer. The tender offer period was 21 business days from August 1, 2025 to September 1, 2025, conducted at a price of JPY 3,380 per common share. The planned number of shares to be purchased was 7,700,000 shares; however, the number of shares tendered and purchased was 7,120,575 shares. The acquisition limit is up to 35,000,000 shares, and the total purchase amount is capped at JPY 80 billion. Following deduction of the total purchase amount through the tender offer, approximately JPY 55.9 billion worth of treasury stock is planned to be acquired through market purchases.
Impact on Shareholders and Future Outlook
As a result of this tender offer, Sumitomo Corporation acquired 7,120,575 shares of treasury stock and plans to acquire approximately JPY 55.9 billion worth more through market purchases from September 26, 2025 to March 31, 2026. This will progress acquisition of treasury stock equivalent to approximately 2.9% of the total issued shares, aiming to enhance shareholder value. Settlement will begin on September 25, 2025, with payment for the tendered stock made in cash. Detailed explanations regarding tax treatment are also provided.
