At the meeting of the Board of Directors held on December 16, 2021, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Kenichi Hori) 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. Details of the repurchase 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 December 17, 2021 to March 24, 2022|
|(5) Repurchase method||Auction market on Tokyo Stock Exchange|
Status of treasury stock as of October 31, 2021
Number of outstanding shares excluding treasury stock: 1,621,932,449
Number of shares of treasury stock: 20,423,195
(Note)The number of shares of treasury stock above does not include 3,862,326 shares held by the ESOP trust.