Notification of Completion of Share Repurchase

Mitsubishi Corporation

01 May 2023

 

Translation of report filed with the Tokyo Stock Exchange on May 1, 2023

Notification of Completion of Share Repurchase and Number of Shares of

Treasury Stock to be Cancelled

Mitsubishi Corporation (MC) hereby announces the completion of its share repurchase pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Paragraph 3, Article 165 of the same act, as well as the total number of shares of treasury stock to be cancelled in accordance with Article 178 of the same act. These resolutions were reached at the meeting of MC's Board of Directors held on February 3, 2023. Details are described below.

1.    Share repurchases from April 1, 2023 to April 28, 2023

(1).	Class of shares repurchased:	Common stock
(2).	Total number of shares repurchased:	8,203,800 shares
(3).	Aggregate repurchased amount:	40,000,099,200 yen
(4).	Period of repurchases:	From April 1, 2023 to April 28, 2023
(5).	Method of repurchases:	Purchased on the Tokyo Stock Exchange

2.    Results of the Share Repurchases:

(1).	Class of shares repurchased	Common stock
(2).	Total number of shares repurchased	20,808,400 shares
(3).	Aggregate repurchased amount	99,999,916,400 yen
(4).	Period of repurchases	From February 16, 2023 to April 28, 2023
(5).	Method of repurchases	Purchase on the Tokyo Stock Exchange

3.    Details of the Cancellation of Treasury Stock:

(1).	Class of shares to be cancelled	Common Stock
(2).	Number of shares to be cancelled	20,808,400 shares (1.4% of the total number of shares outstanding)
(3).	Number of shares outstanding after the cancellation	1,437,493,951 shares
(4).	Date of cancellation	May 31, 2023

(References)

1.    Details of share repurchase resolved at the meeting of MC's Board of Directors held on
February 3, 2023:

(1).	Class of shares to be repurchased	Common stock
(2).	Total number of shares to be repurchased	Up to 33 million shares (Represents up to 2.3% of the total number of outstanding shares (excluding treasury stock))
(3).	Total purchase price for repurchase of shares	Up to 100 billion yen
(4).	Period of repurchases	From February 16, 2023 to April 30, 2023
(5).	Method of repurchases	Purchase on the Tokyo Stock Exchange

2.    Details of cancellation of shares of treasury stock resolved at the meeting of MC's Board of Directors held on February 3, 2023:

(1).	Class of shares to be cancelled	Common Stock
(2).	Number of shares to be cancelled	All shares repurchased
(3).	Date of cancellation	May 31, 2023

 

END