Contact: Chiharu Fujioka Managing Officer, General Manager, Corporate Communications Department (Tel: +81-3-3246-3155)
Notice Concerning the Cancellation of Treasury Shares
Mitsui Fudosan Co., Ltd. (the "Company") hereby announces that the Company resolved to cancel the treasury shares in accordance with Article 178 of the Companies Act at the board of directors' meeting on August 6, 2020. Brief details are provided as follows.
1. Class of shares to be cancelled
Common shares of the Company
2. Total number of shares to be cancelled
14,105,500 shares
(1.44% of the total number of issued shares before cancellation)
3. Scheduled date of the cancellation
August 31, 2020
(Reference)
The total number of shares to be cancelled are the summation of the 8,645,200 shares repurchased pursuant to the resolution approved at the board of directors' meeting on March 18, 2020 and the 5,460,300 shares repurchased pursuant to the resolution approved at the board of directors' meeting on May 12, 2020.
After the cancellation, total number of issued shares of the Company will be 965,281,777 shares.
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Mitsui Fudosan Co. Ltd. published this content on 06 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2020 06:28:01 UTC
Mitsui Fudosan Co., Ltd. specializes in the development, management and promotion of real estate assets. Net sales break down by activity as follows:
- real estate leasing (31.8%): leasing of office buildings, commercial and residential buildings;
- real estate promotion (30.6%): sale of condominiums, individual houses, residential and office buildings;
- asset management and real estate brokerage (20.4%);
- other (17.2%): sale of building materials, hotel operation, etc.