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 November 1, 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 said act, and to cancel a part of its treasury stock in accordance with Article 178 of the said Act, as per following details:
1. Purpose of stock repurchase
To enhance shareholder returns and 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 60,000,000 shares (Up to 3.8% of the total number of outstanding shares of common stock, excluding treasury stock) |
| (3) Total amount | Up to 140,000,000,000 yen |
| (4) Period | From November 2, 2022 to February 28, 2023 |
| (5) Repurchase method | (i) Purchases through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) (ii) Purchases through auction market on Tokyo Stock Exchange based on a discretionary trading agreement |
3. Details of cancellation
| (1) Class of share | Common stock of Mitsui |
|---|---|
| (2) Total number of shares of treasury stock to be cancelled | All shares of common stock to be repurchased pursuant to 2 above and additional 10,000,000 shares (all together up to 4.4% of the total number of outstanding shares) |
| (3) Scheduled date of cancellation | March 13, 2023 |
[Reference]
Status of treasury stock as of September 30, 2022
Number of outstanding shares excluding treasury stock: 1,573,405,011
Number of shares of treasury stock: 19,061,633
(Note) The number of shares of treasury stock above does not include 3,794,769 shares held by the ESOP trust.