Notice Regarding Repurchase of Company Shares
According to Articles of Incorporation Pursuant to Article 459, Paragraph 1 of Companies Act of
1. Reason for Repurchase of Company Shares
Based on the financial policies of Mitsubishi Electric’s medium-term management plan, the company will repurchase its own stock to primarily enhance shareholder returns, strengthen capital efficiency.
2. Details of Repurchase
(1) |
Type of Shares to Repurchase: |
Common stock |
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(2) |
Number of Shares to Repurchase: |
40,000,000 shares (maximum unit)
Ratio of total issued and outstanding shares (excluding treasury stock): |
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(3) |
Aggregate Value of Repurchase: |
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(4) |
Repurchase Period: |
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(5) |
Repurchase Method: |
Market trades on |
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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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| (For reference) Status of treasury stock as of |
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Total number of shares Issued and outstanding (excluding treasury stock) |
2,111,519,599 shares |
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Number of treasury stock |
35,681,952 shares |
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Note: |
The number of treasury stock includes 1,583,011 shares held through the |
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230427006078/en/
Investor Relations Inquiries
Corporate IR&SR Division
Tel: +81-3-3218-2391
Cad.Irg@rk.MitsubishiElectric.co.jp
Media Inquiries
Public Relations Division
Tel: +81-3-3218-2848
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
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