Financial News
Mitsubishi Electric Announces Status and Conclusion of Company Stock Repurchase
According to Articles of Incorporation Pursuant to Article 459, Paragraph 1 of Companies Act of Japan
Mitsubishi Electric Corporation (TOKYO: 6503) announced today the conclusion of its repurchase of company stock pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company’s articles of incorporation approved by the Board of Directors on August 29, 2024, as shown below.
1. |
Type of Shares Repurchased: |
Common stock |
2. |
Number of Shares Repurchased: |
3,388,200 shares |
3. |
Aggregate Value of Shares Repurchased: |
JPY 8,110,663,450 |
4. |
Repurchase Period: |
October 1, 2024 to October 9, 2024 |
5. |
Repurchase Method: |
Market trades on Tokyo Stock Exchange |
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1. |
Details of resolution approved by the Board of Directors on August 29, 2024 |
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(1) |
Type of Shares to Repurchase: |
Common stock |
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(2) |
Number of Shares to Repurchase: |
20,000,000 shares (maximum unit) 0.96% of issued and outstanding shares (excluding treasury stock) |
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(3) |
Aggregate Value of Repurchase: |
JPY 30 billion (maximum limit) |
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(4) |
Repurchase Period: |
August 30, 2024 to October 31, 2024 |
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(5) |
Repurchase Method: |
Market trades on Tokyo Stock Exchange |
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Note: |
Part or all of the above-mentioned repurchases might not be performed depending on market conditions and other factors. |
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2. |
Total number and aggregate value of shares repurchased pursuant to the abovementioned resolution of the Board of Directors (as of October 9, 2024) | ||||
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(1) |
Total number of shares repurchased: |
12,898,800 shares |
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(2) |
Aggregate value of shares repurchased: |
JPY 29,999,849,500 |
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For more information, please visit: www.MitsubishiElectric.com/news/
View source version on businesswire.com: https://www.businesswire.com/news/home/20241009073770/en/
Contacts
Investor Relations Inquiries
Corporate IR&SR Division
Mitsubishi Electric Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp
Media Inquiries
Madoka Iwanaga
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
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