REG-Mitsui & Co Ltd Notification of Stock Repurchase

Mitsui & CoAnnouncement

04/03/2020 08:50

Notification of Stock Repurchase

 

This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme.

March 4, 2020

For Immediate Release

To whom it may concern

Mitsui & Co., Ltd.

Notification of Stock Repurchase 

(Stock Repurchase in accordance with the paragraph 2 of Article 165 of 

the Companies Act of Japan)

At the meeting of the Board of Directors held on March 4, 2020, Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President & CEO: Tatsuo Yasunaga) 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 30,000,000 shares

(1.8% of the total number of shares of common stock outstanding excluding treasury stock)

(3) Total amount: Up to 50,000,000,000 yen

(4) Period: From March 9, 2020 to June 23, 2020

(5) Repurchase method: Auction market on Tokyo Stock Exchange

[Reference]

Status of treasury stock as of February 29, 2020

Number of outstanding shares excluding treasury stock: 1,712,728,312

Number of shares of treasury stock: 29,956,594

（25,964,700 shares of the treasury stock above will be cancelled on April 20,2020）

For further information, please contact: 

Mitsui & Co., Ltd.

Investor Relations Division Tel: +81-3-3285-7657

Corporate Communications Division Tel: +81-3-3285-7618

Notice:

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 Quarterly 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.
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Mitsui & Co Ltd