Sumitomo Realty & Development Co., Ltd.
Notice Regarding Introduction of a Scheme for Sale of Listed Securities Using Trusts
Sumitomo Realty & Development announced the introduction of Japan’s first scheme to systematically sell held listed securities through trusts, aiming for sustainable growth.
Key Figures
- 400 billion yen (planned amount of listed securities to be sold)
- March 31, 2036 (scheduled trust period end date)
AI要約
Key Announcement Details
Sumitomo Realty & Development Co., Ltd. resolved at the Board of Directors meeting to introduce Japan’s first scheme to reliably and systematically sell held listed securities through trusts. Over the next 10 years, it plans to sell 400 billion yen worth of listed securities (strategic holdings and pure investments), utilizing the proceeds from sales and dividends to achieve sustainable growth. After the trust is established, Mizuho Trust & Banking Co., Ltd., the trustee, will execute the sales while complying with insider trading regulations and other compliance requirements. The trust period is scheduled to start in March 2026 and end on March 31, 2036.
Impact on Investors
With the introduction of this scheme, Sumitomo Realty & Development aims to achieve planned and certain gains from stock sales, linking operating income growth to net income growth for the current period. Upon completion of sales, revenue contributions from the Roppongi 5-chome West District Redevelopment and the large-scale development in Mumbai, India’s Worli District are expected, anticipating further profit growth. Through the trust setup, the subject shares will be reclassified from strategic holdings to pure investments, with voting rights exercised at the discretion of the trustee.
