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Notification of Stock Repurchase and Cancellation of Treasury Stock

(Stock 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 Act)

Oct. 30, 2019


Main Contents

At the meeting of the Board of Directors held on October 30, 2019, 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 October 31, 2019 to March 24, 2020
(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)
(3) Scheduled date of cancellation April 20, 2020

[Reference]
Status of treasury stock as of September 30, 2019
Number of outstanding shares excluding treasury stock: 1,738,676,145
Number of shares of treasury stock: 4,008,761

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7657
Facsimile: +81-3-3285-9821
Contact form
Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819