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 May 1, 2024, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President & CEO: Kenichi Hori) resolved to repurchase its shares 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 treasury stock in accordance with Article 178 of the said Act. Details of the above are as follows:
1. Purpose of the share repurchase
To enhance shareholder returns and to improve capital efficiency.
2. Details of repurchase
| (1) Class of share | Common stock of Mitsui |
|---|---|
| (2) Number of shares to be repurchased | Up to 40 million shares* |
| (3) Total amount | Up to 200 billion yen |
| (4) Repurchase period | From May 2, 2024 to September 20, 2024 |
| (5) Repurchase method | Auction market on the Tokyo Stock Exchange |
* Please refer to the announcement entitled "Notice Regarding Share Split and Ensuing Partial Amendment to the Articles of Incorporation" dated May 1, 2024. After the effective date (July 1, 2024) of the share split, the number of shares to be repurchased will be up to 80 million shares.
3. Details of cancellation
| (1) Class of share | Common stock of Mitsui |
|---|---|
| (2) Total number of treasury stock to be cancelled | All shares repurchased pursuant to "2." above. (In total, up to 2.64% of the total number of shares outstanding prior to the cancellation) |
| (3) Scheduled date of cancellation | October 1, 2024 |
For reference: Status of treasury stock as of March 31, 2024
Number of outstanding shares excluding treasury stock: 1,504,631,668
Number of treasury stock: 8,957,500
Note: The number of treasury stock above does not include 7,282,176 shares held by the employee stock ownership plan trust.