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 24, 2021, 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
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 (1.8% 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 25, 2021 to April 27, 2021 |
| (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 | 30,000,000 shares (1.7% of the total number of shares outstanding) |
| (3) Scheduled date of cancellation | April 1, 2021 |
[Reference] Status of treasury stock as of January 31, 2021
Number of outstanding shares excluding treasury stock: 1,683,280,712
Number of shares of treasury stock: 33,824,096
(Note) The number of shares of treasury stock above does not include 3,896,000 shares held by the ESOP trust.