Mitsui & Co., Ltd. announces an Equity Buyback for 30,000,000 shares, representing 1.83% for ¥50,000 million.
August 03, 2021 at 12:30 am EDT
Mitsui & Co., Ltd. (TSE:8031) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares of common stock, representing 1.83% of its issued capital for ¥50,000 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The share repurchase program is valid until October 29, 2021. As of June 30, 2021, the company had 1,641,428,431 shares outstanding excluding treasury shares and had 45,676,377 shares in treasury.