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As announced in the timely disclosure on May 1, 2024, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) had previously decided to repurchase up to 200 billion yen of its shares between May 2, 2024 and September 20, 2024.
Today, Mitsui has decided to increase the repurchase amount by 200 billion yen to up to 400 billion yen and to extend the repurchase period to February 28, 2025. Furthermore, Mitsui has decided to cancel all the shares that will be additionally repurchased.
In line with the enhancement of stable cash generation, Mitsui plans to continuously increase the dividend. Regarding share repurchases, Mitsui will flexibly make decisions including the amount and timing, taking into consideration the balance between repurchases and investments for growth, the level of cash flows after accounting for shareholder returns, interest-bearing debt and return on equity, and other factors regarding the operating environment.
For details, please refer to the timely disclosure issued today entitled Notification of Partial Amendments to “Notification of Share Repurchase and Cancellation of Treasury Stock” and Cancellation of Treasury Stock.