Corporate Events

Sumitomo Realty & Development Co., Ltd., Board Meeting, Aug 07, 2025. Agenda: To cancel the treasury shares in accordance with the provision of Article 178 of the Companies Act.

From May 13, 2025 to June 30, 2025, the company has repurchased 749,600 shares, representing 0.16% for ¥4,032.1 million. With this, the company has completed the repurchase of 749,600 shares, representing 0.16% for ¥4,032.1 million under the buyback announced on May 13, 2025.

Sumitomo Realty & Development Co., Ltd. at its board of directors meeting held on May 13, 2025 announced the retirement of Hiroshi Kato as Director, effective June 27, 2025. He is scheduled to assume the position of advisor to the Company on the same date and will continue to serve as Representative Director and President of Sumitomo Fudosan Housing Co., Ltd.

Sumitomo Realty & Development Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025

Sumitomo Realty & Development Co., Ltd. (TSE:8830), the Japanese developer facing pressure from Elliott Investment Management L.P. to boost its value, is seeking to sell a group of office properties in Tokyo for at least JPY 100 billion ($700 million), according to people with knowledge of the matter. The developer has earmarked 19 midsized office buildings for the divestment. It has asked real estate investment firms and agencies to estimate the value of the offices, which it is considering selling separately, the people said, asking not to be identified because the matter is private. It is also weighing the sale of eight rental apartment buildings in the city, they said. Representatives for Sumitomo Realty weren’t immediately available for comment. After taking a stake in Sumitomo Realty, Elliott said this week that the Tokyo-based company should do more to improve shareholder returns and corporate governance. The sale plans mark a shift from its business model of developing properties in-house, holding them for the long term, and earning steady income from tenants, toward a strategy targeting capital gains. In a rare public letter, Elliott said it would vote against Sumitomo Realty’s senior management at an annual shareholder meeting on June 27 if no meaningful progress is made on improving its value. It called on the developer to unwind its cross-shareholdings, increase its shareholder payout ratio to 50% or more and target a return on equity of at least 10%. Elliott has built up more than a 3% holding in the company, according to the letter.

On June 8, 2025, Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited released an open letter to Sumitomo Realty & Development Co., Ltd.'s shareholders. In the letter, Elliott Investment Management encouraged fellow shareholders to actively engage with the Company's management ahead of the upcoming 2025 annual general meeting of shareholders and to hold the Company accountable for not addressing its long-standing valuation discount and weak corporate governance. The letter outlines 4 key areas of concern – poor shareholder returns, excessive cross shareholdings, declining capital efficiency and subpar governance – and urges the Company to implement tangible reforms. These include increasing its shareholder payout, reducing cross shareholdings, issuing a credible return target and enhancing governance. Elliott Investment Management also emphasized that without meaningful progress from the Company, it intends to vote against the reappointment of senior management at the upcoming AGM.

Sumitomo Realty & Development Co., Ltd., Board Meeting, May 27, 2025. Agenda: To consider to dispose of treasury stock in connection with the introduction of the stock compensation plan to reward long service and dedication (the Plan) for employees of the Sumitomo Realty Group.

The Board of Directors of Sumitomo Realty & Development Co., Ltd. has authorized a buyback plan on May 13, 2025.

Sumitomo Realty & Development Co., Ltd. (TSE:8830) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 0.43% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is to allocate the shares to the stock compensation plan to reward long service and dedication for company's employees. The program will be funded from proceeds from the sale of shares. The repurchased shares will be cancelled. The program will be valid till September 30, 2025. As of May 1, 2025, the company has 466,861,584 issued shares (excluding treasury stock) and 9,224,394 treasury shares.

Sumitomo Realty & Development Co., Ltd., Board Meeting, May 13, 2025. Agenda: To consider the candidates for appointment of director; and to consider any other matters.

Sumitomo Realty & Development Co., Ltd., Annual General Meeting, Jun 27, 2025.

Sumitomo Realty & Development Co., Ltd. expected to report Q1 2026 results on August 8, 2025. This event was calculated by S&P Global (Created on May 13, 2025).

The company closed its plan on May 1, 2025.

From April 1, 2025 to May 1, 2025, the company has repurchased 3,808,300 shares, representing 0.8% for ¥20,110.69 million. With this, the company has completed the repurchase of 6,896,700 shares, representing 1.46% for ¥35,007.92 million under the buyback announced on December 16, 2024.

From January 1, 2025 to March 31, 2025, the company has repurchased 2,045,700 shares, representing 0.43% for ¥9,962.87 million. With this, the company has completed the repurchase of 3,088,400 shares, representing 0.65% for ¥14,897.23 million under the buyback announced on December 16, 2024.

Sumitomo Realty & Development Co., Ltd., 2025 Earnings Call, May 19, 2025

To discuss the 10th Medium-term Management Plan and revisions to the financial results forecast for FY2024

On March 24, 2025, Elliott Investment Management announced that it has built a significant stake in Sumitomo Realty & Development Co., Ltd. and is engaging with the Company to improve shareholder value.

Sumitomo Realty & Development Co., Ltd. announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 13, 2025

Takasago Thermal Engineering Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 3,106,800 Transaction Features: Subsequent Direct Listing

Sumitomo Realty & Development Co., Ltd., Board Meeting, Feb 06, 2025. Agenda: To consider the appointment of new representative director.

Sumitomo Realty & Development Co., Ltd. expected to report Fiscal Year 2025 results on May 12, 2025. This event was calculated by S&P Global (Created on February 6, 2025).

NEC Corporation (TSE:6701) proposed to acquire 48.64% stake in NEC Networks & System Integration Corporation (TSE:1973) from the group of shareholders for approximately ¥240 billion on October 29, 2024. A cash consideration valued at ¥3250 per share will be paid by NEC Corporation. Upon completion, NEC Corporation will own 87.13% direct stake in NEC Networks & System Integration Corporation. The transaction will be financed through senior debt of ¥236 million. NEC plans to borrow funds from Sumitomo Mitsui Banking Corporation by the business day preceding the commencement date of settlement for the Tender Offer subject to the completion of the Tender Offer and the certain other conditions in order to cover the funds required for the Transactions. The transaction is subject to consummation of due diligence investigation and minimum tender. NEC sets the minimum number of shares to be acquired in the Tender Offer at 22,756,305 shares, If the total number of the shares tendered in the Tender Offer is less than the minimum number of shares to be acquired, NEC will not acquire any of the Tendered Shares. The Board of Directors of NEC Networks & System Integration Corporation formed a special committee for the transaction. NESIC has resolved at the meeting of its board of directors to express its opinion supporting the Tender Offer and to recommend that the shareholders of NESIC tender their shares in the Tender Offer. The tender offer will be commenced on October 30, 2024, and will close on December 11, 2024. As of December 20, 2024, at the meeting of its board of directors, NEC Corporation decided to change the Tender Offer price from ¥3,250 yen to ¥3,300 and change the minimum number of shares to be acquired from 22,756,305 shares to 10,153,605 shares, and decided that the Tender Offer Price after such change will be the final price, that the Tender Offer Price will not be changed in any way in the future and NEC will not voluntarily extend the Tender Offer Period again unless required by the Act. Further, as it became necessary to file the amendment to the tender offer registration statement for the Tender Offer upon such decision, NEC extended the Tender Offer Period from December 25, 2024 to January 10, 2025, which is 10 business days after December 20, 2024, the filing date of the amendment to the tender offer registration statement. NEC plans to borrow funds up to ¥240 million from Sumitomo Mitsui Banking Corporation by the business day preceding the commencement date of settlement for the Tender Offer subject to the completion of the Tender Offer and the certain other conditions in order to cover the funds required for the Transactions, including the Tender Offer. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko Securities Inc. acted as financial advisors for NEC Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for NEC Corporation. Daiwa Securities Co. Ltd. acted as financial advisor and provided fairness opinion to NEC Networks & System Integration Corporation. Nishimura & Asahi acted as legal advisor for NEC Networks & System Integration Corporation. NEC Corporation (TSE:6701) completed the acquisition of 22.54% stake in NEC Networks & System Integration Corporation (TSE:1973) from the group of shareholders ¥110 billion on January 10, 2025.

From December 16, 2024 to December 31, 2024, the company has repurchased 1,042,700 shares, representing 0.22% for ¥4,934.36 million. With this, the company has completed the repurchase of 1,042,700 shares, representing 0.22% for ¥4,934.36 million under the buyback announced on December 16, 2024.

Sumitomo Realty & Development Co., Ltd. (TSE:8830) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for ¥35,000 million. The purpose of the program is to allocate the shares to the stock compensation plan to reward long service and dedication for company's employees engaged in Shinchiku Sokkurisan Remodeling Business and Custom Homes Business. The program will be funded from proceeds from the sale of shares. The program will be valid till June 30, 2025. As of September 30, 2024, the company has 473,758,539 issued shares (excluding treasury stock) and 2,327,439 treasury shares.

The Board of Directors of Sumitomo Realty & Development Co., Ltd. has authorized a buyback plan on December 16, 2024.

Sumitomo Realty & Development Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025

Sumitomo Realty & Development Co., Ltd., ¥ 35.0, Cash Dividend, Mar-28-2025

Sumitomo Realty & Development Co., Ltd. expected to report Q3 2025 results on February 7, 2025. This event was calculated by S&P Global (Created on November 8, 2024).

Sumitomo Realty & Development Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024