At the meeting of the Board of Directors held on February 2, 2018, Mitsui & Co., Ltd. ("Mitsui") resolved to set up a stock repurchase program pursuant to Article 156 and Article 165(3) of the Companies Act of Japan. Mitsui reports progress on stock repurchase program with the following details:
1. Class of stock
Common shares of Mitsui
2. Number of shares repurchased
16,455,800 shares
3. Cost of acquisition
31,667,708,537 yen
4. Period
From February 5, 2018 to February 28, 2018
5. Repurchase method
Auction market on Tokyo Stock Exchange
[Reference] Details of stock repurchase program resolved at the meeting of the Board of Directors held on February 2, 2018.
(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)