Mitsubishi Electric Corporation announced the conclusion of its repurchase of company stock under the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company’s articles of incorporation approved by the Board of Directors on April 28, 2023, as shown below.
Mainly due to a rise in the share price during the repurchase period, neither the total number of shares repurchased nor the aggregate value of shares repurchased reached the upper limits approved by the Board of Directors.
- Type of Shares Repurchased: Common stock
- Number of Shares Repurchased:23,020,400 shares
- Aggregate Value of Shares Repurchased: JPY 44,750,577,150
- Repurchase Period: May 1, 2023 to March 29, 2024
- Repurchase Method: Market trades on the Tokyo Stock Exchange
