Sumitomo Riko Faces Delisting Risk After Takeover Bid Approval — Tokyo Stock Exchange Designates Shares “Under Supervision”
On October 30, 2025, the Tokyo Stock Exchange (TSE) announced that it had designated shares of **Sumitomo Riko Company Limited (Code: 5191, Prime Market)** as *“Securities Under Supervision (Confirmation)”* following the company’s approval of a takeover bid by **Sumitomo Electric Industries, Ltd.** --- ### Background: Takeover Bid by Sumitomo Electric Sumitomo Riko, a key manufacturer in the **Sumitomo Group**, specializes in industrial rubber, automotive components, and anti-vibration systems. The company has formally expressed its approval of a takeover bid (TOB) from **Sumitomo Electric**, a larger conglomerate with extensive holdings in automotive and energy infrastructure sectors. This TOB is structured to increase Sumitomo Electric’s ownership stake, potentially leading to a **complete buyout** of remaining minority shareholders. As part of this process, TSE noted that the company may fall under delisting criteria if either of the following conditions are met: 1. The bid...