Sumitomo Electric Industries announced that its Board of Directors, at a meeting held on October 30, resolved to make its consolidated subsidiary Sumitomo Riko Company Limited a wholly owned subsidiary through a tender offer. The tender offer price has been set at 2,600 yen ($16.89) per share, with a total acquisition value of approximately 133.3 billion yen. The offer period...
Sumitomo Riko held an inauguration ceremony for its new chemical products plant at the Komaki Plant in Komaki City, Aichi Prefecture. The new facility, named the SG Building (Sumitomo Riko Green Transformation Building), began phased operations in August and is scheduled to be fully operational by December. The plant was constructed as part of a broader renewal project at the...
Sumitomo Riko released its financial results for the first quarter (April–June 2025) of the fiscal year ending March 31, 2026. The company recorded sales of 154.78 billion yen ($1.05 billion), a 1.8% decline compared to the same period last year. However, operating profit rose by 14.5% to 9.71 billion yen, while net profit declined slightly by 2.7% to 5.76 billion...
Sumitomo Riko has released a new window insulation film, Refleshine SEF25, with enhanced heat-blocking and insulating properties compared to its predecessor. The SEF25 film builds on Sumitomo Riko’s expertise in polymer materials, using uniformly coated and layered optical thin films to ensure durability, heat rejection, and insulation. Compared to the previous TW36A model, the shading coefficient, a measure of heat-blocking...
Sumitomo Riko, a leading manufacturer of rubber products such as anti-vibration rubber, has developed a vital sensor called Monilife Wellness, which will be used in a sleep analysis and health checkup service set to launch in Tokyo. The service is a collaboration between Nine Hours, a capsule hotel operator offering sleep analysis services, and Kinki Health Management Center (KKC), which...
Sumitomo Riko held a groundbreaking ceremony for a new office building at its Matsusaka Plant in Matsusaka City, Mie Prefecture. The new office building marks an investment of 1.1 billion yen ($7.64 million), covering an area of 931 square meters with a total floor space of 2,341 square meters. Construction is scheduled to be completed in February 2026, and operations...
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