Japan's Sumitomo to spend $5.9 billion to buy IT firm SCSK

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Japan’s Sumitomo to spend $5.9 billion to buy IT firm SCSK

Wed, Oct 29, 2025 0 Comments

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TOKYO (Reuters) -Japan’s Sumitomo Corp said on Wednesday it would spend about 881.7 billion yen ($5.85 billion) to turn SCSK, an IT service company, into a wholly owned subsidiary.

The Japanese trading house will launch a tender offer on Thursday for 5,700 yen apiece, representing a 32% premium over SCSK’s closing share price on Wednesday.

Sumitomo already owns a 50.49% stake in SCSK, according to LSEG data.

($1 = 150.7800 yen)

(Reporting by Satoshi SugiyamaEditing by Chang-Ran Kim)

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Japan’s Sumitomo to spend $5.9 billion to buy IT firm SCSK

TOKYO (Reuters) -Japan’s Sumitomo Corp said on Wednesday it would spend about 881.7 billion yen ($5.85 billion) to turn SCSK, an IT service company, into a wholly owned subsidiary. The Japanese trading house will launch a tender offer on Thursday for 5,700 yen apiece, representing a 32% premium over SCSK’s closing share price on Wednesday. […]

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