Sumitomo Densetsu Sets February Vote on Share Consolidation Ahead of TSE Delisting

Sumitomo Densetsu Co ( (JP:1949) ) just unveiled an update.

Sumitomo Densetsu Co., Ltd. has resolved at a board meeting to convene an extraordinary shareholders’ meeting on February 9, 2026, to vote on a share consolidation, abolition of share unit provisions and partial amendments to its articles of incorporation, as part of a broader transaction with Daiwa House Industry Co., Ltd. and its parent Sumitomo Electric Industries, Ltd. The measures are designed to complete a squeeze-out following Daiwa House’s tender offer for the company’s shares, ultimately making Sumitomo Densetsu a wholly owned subsidiary through a combination of the tender offer, share consolidation, capital funding and share buyback arrangements. As a consequence of the share consolidation and related procedures, Sumitomo Densetsu’s common shares will meet delisting criteria, be designated as delisted from February 9 to March 2, 2026, and are scheduled to be removed from trading on the TSE Prime Market as of March 3, 2026, effectively taking the company private and ending public trading for existing minority shareholders.

The most recent analyst rating on (JP:1949) stock is a Buy with a Yen10214.00 price target. To see the full list of analyst forecasts on Sumitomo Densetsu Co stock, see the JP:1949 Stock Forecast page.

More about Sumitomo Densetsu Co

Sumitomo Densetsu Co., Ltd., listed on the Tokyo Stock Exchange Prime Market under securities code 1949, is a Japanese electrical and construction engineering company within the Sumitomo Group, historically focused on building and infrastructure-related installations and allied services for industrial and commercial clients.

Average Trading Volume: 180,479

Technical Sentiment Signal: Buy

Current Market Cap: Yen344.7B

For an in-depth examination of 1949 stock, go to TipRanks’ Overview page.