Mitsubishi Corporation announces an Equity Buyback for 22,000,000 shares, representing 1.5% for ¥70,000 million.

Mitsubishi Corporation (TSE:8058) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 1.5% of its outstanding shares (excluding treasury shares) for ¥70,000 million. The purpose of the program is to optimize the level of total return ratio and capital structure.

The repurchase program will expire on March 9, 2023. As of September 30, 2022, the company had 1,463,836,027 outstanding shares excluding treasury and 10,309,324 shares in treasury.