At the meeting of the Board of Directors held on May 2, 2022, 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 50,000,000 shares
(3.1% of the total number of shares of common stock outstanding excluding treasury stock)
|(3) Total amount||Up to 100,000,000,000 yen|
|(4) Period||From May 6, 2022 to September 22, 2022|
|(5) Repurchase method||Auction market on Tokyo Stock Exchange|
Status of treasury stock as of March 31, 2022
|Number of outstanding shares excluding treasury stock||1,604,816,162|
|Number of shares of treasury stock||37,539,482|
(Note)The number of shares of treasury stock above does not include 3,852,902 shares held by the ESOP trust.