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Main Contents
On May 1, 2024 and September 11, 2024, the Board of Directors of Mitsui & Co., Ltd. ("Mitsui") resolved to repurchase its shares pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Act.
Furthermore, regarding the cancellation of treasury stock resolved at the meeting of the Board of Directors on May 1, 2024 pursuant to Article 178 of the said Act, the number of treasury stock to be cancelled have been finalized. Details of the above are as follows.
1. Progress of share repurchase in September 2024
| (1) Class of shares repurchased | Common stock of Mitsui |
|---|---|
| (2) Number of shares repurchased | 9,465,700 shares |
| (3) Cost of acquisition | 27,559,402,571 yen |
| (4) Repurchase period | From September 1, 2024 to September 30, 2024 |
2. Cumulative total of shares repurchased until September 30, 2024 pursuant to the above-mentioned Board of Directors resolution
| (1) Class of shares repurchased | Common stock of Mitsui |
|---|---|
| (2) Number of shares repurchased | 58,080,000 shares |
| (3) Cost of acquisition | 199,999,817,556 yen |
| (4) Repurchase period | From May 2, 2024 to September 30, 2024 |
3. Details of cancellation of treasury stock on October 1, 2024 pursuant to the Board of Directors resolution on May 1, 2024
| (1) Class of treasury stock to be cancelled | Common stock of Mitsui |
|---|---|
| (2) Total number of treasury stock to be cancelled | 58,080,000 shares (1.92% of the total number of outstanding shares prior to the cancellation) |
| (3) Total number of outstanding shares after the cancellation | 2,969,306,972 shares |
| (4) Scheduled date of cancellation | October 1, 2024 |
For reference: Details of Board of Directors resolutions on May 1, 2024 and September 11, 2024
1. Details of resolution regarding share repurchase
| (1) Class of shares to be repurchased | Common stock of Mitsui |
|---|---|
| (2) Total number of shares to be repurchased | Up to 180 million shares (Up to 6.0% of total number of outstanding shares prior to the cancellation) |
| (3) Total amount | Up to 400 billion yen |
| (4) Repurchase period | From May 2, 2024 to February 28, 2025 |
| (5) Repurchase method | Auction market on the Tokyo Stock Exchange |
2. Details of resolution regarding cancellation of treasury stock
| (1) Class of treasury stock to be cancelled | Common stock of Mitsui |
|---|---|
| (2) Total number of treasury stock to be cancelled: | (i) All shares repurchased from May 2, 2024 to September 20, 2024 (ii) All shares repurchased from September 21, 2024 to February 28, 2025 |
| (3) Scheduled date of cancelation | (i) October 1, 2024 (ii) March 5, 2025 |
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Semi-annual Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.