For inquiries on this matter, please contact
- Mitsui & Co., Ltd.
Investor Relations Division - Contact form
- Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819 - Contact form
Main Contents
At the meeting of the Board of Directors held on February 2, 2018, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Tatsuo Yasunaga) resolved to repurchase its stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to paragraph 3 of Article 165 of the Companies Act of Japan and to cancel a part of its treasury stock in accordance with Article 178 of the said Act. Details of the repurchase and cancellation are as follows:
1. Purpose of stock repurchase and cancellation of treasury stock
To enhance shareholder return and to improve capital efficiency.
2. Details of repurchase
| (1) Class of share | Common stock of Mitsui |
|---|---|
| (2) Total number of shares of common stock to be repurchased | Up to 30,000,000 shares (1.7% of the total number of shares of common stock outstanding excluding treasury stock) |
| (3) Total amount | Up to 50,000,000,000 yen |
| (4) Period | From February 5, 2018 to March 23, 2018 |
| (5) Repurchase method | Auction market on Tokyo Stock Exchange |
3. Details of cancellation
| (1) Class of share | Common stock of Mitsui |
|---|---|
| (2) Total number of shares of treasury stock to be cancelled | All of the shares of common stock to be repurchased pursuant to 2 above (Up to 1.7% of the total number of shares outstanding) and 28,000,000 shares (1.6% of the total number of shares outstanding) |
| (3) Scheduled date of cancellation | April 20, 2018 |
[Reference] Status of treasury stock as of December 31, 2017
Number of outstanding shares excluding treasury stock: 1,763,981,275
Number of shares of treasury stock: 32,532,852