TIDM17NX

RNS Number : 0911Q

Mitsubishi Corporation

16 February 2023

Translation of report filed with the Tokyo Stock Exchange on February 16, 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 November 8, 2022. Details are described below.

   1.    Share repurchases from February 1, 2023 to February 15, 2023 
 
 (1).   Class of shares repurchased:          Common stock 
 (2).   Total number of shares repurchased:   4,457,800 shares 
 (3).   Aggregate repurchased amount:         20,000,163,800 yen 
 (4).   Period of repurchases:                From February 1, 2023 to February 
                                               15, 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   15,843,000 shares 
 (3).   Aggregate repurchased amount         69,999,831,800yen 
 (4).   Period of repurchases                From November 9, 2022 to February 
                                              15, 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   15,843,000 shares 
                                            (1.1% of the total number 
                                            of shares outstanding) 
 (3).   Number of shares outstanding       1,458,302,351 shares 
         after the cancellation 
 (4).   Date of cancellation               March 31, 2023 
 

(References)

   1.    Details of share repurchase resolved at the meeting of MC's Board of Directors held on 

November 8, 2022:

 
 (1).   Class of shares to be repurchased          Common stock 
 (2).   Total number of shares to be repurchased   Up to 22 million shares 
                                                    (Represents up to 1.5% 
                                                    of the total number of 
                                                    outstanding shares (excluding 
                                                    treasury stock)) 
 (3).   Total purchase price for repurchase        Up to 70 billion yen 
         of shares 
 (4).   Period of repurchases                      From November 9, 2022 
                                                    to March 9, 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 November 8, 2022:

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

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END

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February 16, 2023 02:00 ET (07:00 GMT)

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