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
Notification of Share Repurchase and Cancellation of Treasury Stock
(Share repurchase in accordance with the paragraph 2 of Article 165 of the Companies Act of Japan and cancellation of a part of treasury stock in accordance with the Article 178 of the said Act)
Main Contents
At the meeting of the Board of Directors held on October 31, 2023, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Kenichi Hori) resolved to repurchase its shares 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 above are as follows:
1. Purpose of share repurchase
To enhance shareholder returns and to improve capital efficiency.
2. Details of repurchase
| (1) Class of share | Common stock of Mitsui |
|---|---|
| (2) Number of shares to be repurchased | Up to 12.5 million shares |
| (3) Total amount | Up to 50 billion yen |
| (4) Repurchase period | From November 1, 2023 to January 31, 2024 |
| (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 treasury stock to be cancelled | All shares repurchased pursuant to "2." above (in total, up to 0.82% of total number of shares outstanding prior to the cancellation) |
| (3) Scheduled date of cancellation | February 15, 2024 |
[Reference]
Status of treasury stock as of September 30, 2023
Number of outstanding shares excluding treasury stock: 1,513,705,907
Number of treasury stock: 8,982,061
(Note) The number of treasury stock above does not include 7,313,845 shares held by the ESOP trust.