Marubeni : Notice Regarding the Progress of Share Repurchases, Completion and Number of Treasury Stock Shares to be Cancelled
February 31, 2023 at 06:58 pm EST
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[Translation]
February 1, 2023
To Whom It May Concern:
Company Name:
Marubeni Corporation
(URL
https://www.marubeni.com/en/)
TSE Code:
8002
Listed:
Tokyo Prime
Representative:
Masumi Kakinoki
President and CEO, Member of the Board
Contact:
Hirofumi Furuya
General Manager, Media Relations Sec.
(TEL
+81-3-3282-2112)
Notice Regarding the Progress of Share Repurchases, Completion
and Number of Treasury Stock Shares to be Cancelled
Marubeni Corporation, at the meeting of the Board of Directors held on November 4, 2022, resolved to repurchase shares of its common stock pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Act. The progress of the share repurchases is as follows.
With the repurchase outlined below, Marubeni Corporation has completed all repurchases pursuant to the resolution noted above. In addition, the number of treasury stock shares to be cancelled pursuant to Article 178 of the Companies Act of Japan, has been decided as follows.
1. Progress of share repurchases
(1)
Class of shares repurchased:
Common stock
(2) Total number of shares repurchased:
5,110,500 shares
(3) Aggregate repurchased amount:
7,741,500,400 yen
(4)
Period for repurchases:
From January 1, 2023 to January 31, 2023
2. Cancellation of treasury stock
Class of shares to be cancelled:
Number of shares to be cancelled:
Number of total issued shares after the cancellation:
Scheduled date of cancellation:
Common stock
19,816,900 shares (about 1.2% of the total number of shares outstanding)
1,698,395,498 shares February 20, 2023
(Reference)
1. Details of the resolution at the Board of Directors meeting held on November 4, 2022
(1) Class of shares to be repurchased:
Common stock
(2) Total number of shares to be repurchased:
Up to 35 million shares (Ratio to the number
of outstanding shares (excluding treasury
stock): about 2.0%)
(3) Aggregate repurchase amount:
Up to 30 billion yen
(4) Period for repurchases:
From November 7, 2022 to January 31, 2023
2. Total number of shares repurchased pursuant to the resolution and total amount of repurchases
(1) Total number of shares repurchased:
19,816,900 shares
(2) Aggregate repurchased amount:
29,999,988,700 yen
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Disclaimer
Marubeni Corporation published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 23:57:02 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
